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HomeMy WebLinkAboutPacket 11-08-02 D o cD o o o D IW cD o D U o U U D o o D CHERRY'CREEK ESTATES OPEN SPACE CONSERVATION REPORT PREPARED FOR: Platinum Properties, L.L. C. . 9551 Delegate's Row Indianapolis, Indiana 46240 PREPARED BY.. Dennis D. Olmstead, P LS Stoeppelwerth & Associates, Inc. 9940 Allisonville Road Fishers, Indiana 46038 (317) 849-5935 DATE PREPARED: September 20, 2002 Revised: November 8, 2002 '" " ' I, ' '!<~~~ ~\\:/ .' " . r"\\JS ',.' <\J-) \,' , "':;' ~! " , D o o o u U D o o o o o o o o o o o o Table Of Contents . I.' Primary Plat Application II. Primary Plat Exhibit III. Utility Summary IV. Construction Sequence Summary V. Open Space Schedule Form VI. '. Site Context Plan . ~. VII. Landscape Narr,ative VIII. Open Space Area Description IX. Product Photos' X. Maintemince and Operation Plan XI. Sample Maintenance Plan and Budget D o D D ,0 o ,0 O. D o o o o u o o D o o PRIMARY PLAT APPLICATION u U D o o o IW U o o u u u u u u U D U APPLIGATION FOR fBIlVlARY PLAT (OR REPLATJ Fee: 5700.00 plus $35.00 per lot ($560.00) DATE: September 20, 2002 - DOCKET NO. The undersigned agrees that any construction. reconstruc1lon. enlargement, relocation or alteration of structure, or any change in the use of land or s~ct1Jres requested by this application will comply with. and cgnfcrm to, all applicable laws of the State of Indiana. and the '"Zoning Ordinance of Carmel, Indiana ~ 1980", adopted under 1he authority of Ads of 1979. Public Law 178 Sec. 1, et seq, Gen$raf Assembly of the State af Indiana, and all At;ts amendatory thereto. Name of Applicant Platimnn Properties, L.L.C. Ptlone No. (317) 818-2900 Addl'ES of Applicant 9551 Delegate's Row, Indianapolis, Indiana 46240 Name of OWner: Platinum Properties, L.L.C. Phone No. (317) 818-2900 Name of Subdivision: Cherry Creek Estates legal Description: (To be typewritten on ~parate sheet and attached) Area (In acres): 149.562 Number of Lets: 273 Length (In miles) of new streets to be d8dlceted to-public use: 3.83 miles Surveyor certifying plat Dennis D. Olmstead AddreG8: 9940 Allisonville Rd., Fishers, IN Phane Na. (317) 849-5935 ~.4A.."~~.~AA._4~_~1~1~A4.~~!~!1_1!L!&.'!~~.4~'*..4A.A_4..~~AA~.~~'.~4~~~~4Asrr~1rJ; ~F I~[)~, COUNTY OF Hamilton .. SS; The undersigned having been dUly sworn, upon oath says tf1at 1he above Infonnatfon is true and correct as he or sh'jf& Informed I!Ind believe6. SIGNATURE OF APPUCJoNT:f/J ~ Pr1nt: Paul F. Rioux Subscribed and sworn to before me thi. 20th day~Se tember 20 02 . .Z~ 09/09/2006 N bile Mary E. Bredlau My Camtrri8a1cn expIreS: ..a&~~A~~!l d~!_!.~11Jl _~_~A~'~4._4_~4A.&~__~ _~~.~___~____~_.!l!111~~~~~: 5.1.10 AaollC3tfon for ~marv Plat. Two {2} copies. ormore If nec&8S&ry, of the prlml!lry plat and of the ccnstrudian plans ta;G~her with supportlng documents. shall be submitted to the CirElCtCr of CUrrent Planning with this appllcatlon. These mans to be distributed ta III Technical Advisory CUmmi"- autharitlea bY aDallcant.i FEE Received by: a:\ptancomm\;lppJlctn.pc\prlmpfBt.apx -~ D o o D. D. U D o o D o o D o D o o o D . PRIMARY PLAT EXHIBIT ' o UTILITY SUMMARY u U D o o o o o D o lJ o o o o o o o u UTILITY SUMMARY FOR,ICHERRY CREEK ESTATES Electric Electric service will be provided by PSI Cinergy. The development will be served by existing power service along Hazel Dell Parkway and from surrounding service in existing subdivisions. Telephone Telephone service will be provided by Ameritech. The development will be serviced by existing telephone lines along Hazel Dell Parkway and from surrounding service in existing subdivisions. Water Water service will be provided by the City of Carmel. The development will be served by a main extension to the site along Hazel Dell Parkway and connecting into surrounding existing subdivisions stubs. Sanitary Sewer Sanitary sewer service will be provided by the City of Carmel. The development will be served by extending sanitary sewers from manholes along the existing interceptor lines running along the Vestal & Brock Drains. Upon completion of the sanitary sewer construction, the developers will be dedicating the sanitary sewers to the City of Carmel. Drainage The stormwater for this development will be collected in a series of swales and conveyed to detention areas where it will be stored and released at a controlled rate before being discharged into the Vestal and Brock Drains. Gas Natural gas service will be provided by Vectem Energy. The development will be serviced by a main extension to the site along Hazel Dell Parkway and connections into surrounding subdivisions. S/43405/PlatAppslUtilitySummary September 19,2002 D U U U r-l . , ~ . . U o o ,0' , . o .' . o u o U D o '0 o D CONSTRUCTION SEQUENCE SUMMARY . u [J o o D U o o u o o o o o o o o o o Construction Sequence Summary This project will be built in five sections. Construction will begin in Section 1 off of Hazel Dell Parkway. Both the North and South entrances will be constructed in Section 1. Lots 1 through 75 (both inclusive), Common Areas 1 through 6 and Ponds 1 and 2 will also be constructed in Section 1. Lots 76 through 129 (both inclusive), Common Area 8, and Pond 3 will be construction in Section 2. A street stub to the South connecting to Delaware Trace will also be constructed at that time. Block "A" is also a part of Section 2, Lots 130 through 167 (both inclusive) and Common Areas 10 through 12 will be constructed in Section 3. Lots 168 through 237 (both inclusive), Commons Areas 13 through 18 and Pond 4 will be constructed in Section 4. A stub street to the East connecting to Haverstick will also be constructed at that time. Lots 237 through 273 (both inclusive) and Common Area 19 will be constructed in Section 5. A stub street to the South connecting to Haverstick will also be constructed at that time. Earthwork may extend beyond section boundaries to place lake excavation material in appropriate fill areas. However, only the streets utilities and other infrastructures will be built in the specific section at the time each section develops, along with any off-site improvements that may be required for that specific section. u o .u D ,w !U . D o '0 o D U . o D o o o Du o . . . ." OPEN SPACE SCHEDULE FORM . I " I I , i D o D D D D o U D D D U D U D D D D D EXBIBIT A OPEN SPACE SCHEDULE SUBDMSION NAME:. Cherry Creek ,Estates 1. SrrB.ACREAGE 149.562 2. ZONE DIS1lUcr 8-1 3. MINJMUM OPENSPACBREQllIREMENI (SOSlQ 22% / 32.9 acres 4. OPEN SPACE PROvrcSO (OSP) 32:. O~ I 47.9 acres 5. PRlMA!lY CONSEllV ATION AREAS as: We!I-headPmtBaion Area Q[ I'EMAlIDNlllOO year Plead FriDge o WIrlm River Corridor I 0 sceep dOl*! (10%) II lIAa1ure Woodlm1 Cl Special 0ppart1mi1;y ~~) , Cl Other RI ~ lOOy.-:FloodWJry 1:1 Wetla1d!l (>114 ac.) e Scrub WnndI_tf jJ YOlDlg WaodJml o Eiscoda S~ - 6.- NAT1'.mAL OPEN SPACE PROVIDED 7. AORICULTUML OPEN SPACE 8. nESIGNED OPEN SPACE J Square II Baale98rd. 55.3% I 26.5 acres 0% I Q amaa 44.7% I 21 4 acres [j T:ails 1:1 Otber C GreaabcIt o Golf Camses 1:1 GrIllI II Pds ot PODd c- bt1ow) I PIab 9. CONSmtV ANCY LOTS 0 DO. IGts 0 acres 10. PONDS total measured p~ (i:n linear k) 449~_lf. total masured accessible periiuetcr (DOt bcnmcicd) 4498l.t 100 % D ID o o D D D D U D o .0, . U .~., o a 'D D D SITE CONTEXT PLAN A A ~ C.A. 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". 0 A I 11118) I 11511 ' I CD I I I 1\65 11 1\ , 92 lill , I /~ ~ III, II :~II~ '- I [ I 116 T I!I ~! ::; ff"-'1 i ~ 140 141 142 143 144 14~ 1146 147 148 149 I 9~ ' -(: t_/) I AI I: !: i \ ~ "- ~ - - ~ -, / L. ~.::: i ~::- .i ~ _ ~ j~llr I: \ ~~59 158 1\7 156 15~ 115~ 153 152 151 150 1 (I) 'I ~0' .... ~ o!=-=- WI \=.= = =-=-= r'1 I III I ,--"~"'---I-- ----4 ~-l \94 95 II 96 97 Ng I~\ t~ND 112 ) -~l' 3- J l _ I~: ! i ~~I'''''-'''' rt~t61 16211~~ 1~ ~7: I _~....::- __I II iI' I' '...L~i _.~....."" "\ ,_---1---~==:-- ...., ". ,.(,~I' ...... _ ~ .......... I ',j ...' '" ...... _- { POND'3 '--__} ,/ ~I .' ..... L _ - -~..,;:;;- .=, - - - ~ I ,,:.':.":.-::-.:: C.A. '7 ,~/ ~ \- ~ /';:-;~~---:'" I~ C.A. 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'15-' ~ I '~I \ ' I 180 I II :; I: riff, ..... ~~ \ ! , j) I 181 Ii i~96: I 21~: II _1M ~--^_____ _-r~ I "II I Ib. --=f-f.T=--,..,.!j ~,~~~ > ~~ " 25~~ ~::-==,: ,~~ --, r:;, Ii _-=! i=-~~ I 2~2 _~ lr _' ~'_ #2~ I_ 266 J t: 1~~82 J II r-~~ 2;;] I I_ I 254 I I I r., L.. , I 265 III I II 268 ,I 183 II 1; ., r ~I~' r+ 251 II J I 255 I 1 I vj r. I 1\194 1 I 216 II l I 250 Ii !!I I:! 264 I: I' I!! 26V1~ : 184 ~ I :1193:: 21711 f- ~c.A. (fI6 ~, I! I i: 256 I I II II 185 1'1 ' II .1 \ ~ 'I ~ I 249 I Ii I I 263 II ' I 270 I I 1 I I' 192 I I II 'E; ~ 1 I ' 1'1 257 I I II I I 218 ~ --- -~ I I i I J 1 262 J I II 271 :: 186 I' I 11191 : 0 ~ -~ ~ , 248 II I ir. 1 L JI. L I...J I 219 220 221 222 223 \ I i I 258 I r 261 lll" 'III 272 I r 187 II 'II -, I 247 I: \ ll\ I I .! 'I!' I I 1 I I 190 I r -::---- --f-.- -- -- I: K.~~9 I I 260 Ii II 273 I I 188 Ii I ;1 189 I 1229 228 227 226 225 224 \ I, i 246 It \..~~ I~ ~_~~~ 1__ I~ _iL-=~~~ P=~F---: =~=---:'~ ~ ~ ~,,-t_~ ~--~ ,~ 245 r-- I I -~ I I --, , r-- I I --= ........, =-"' ~- - .'----- / ~ ,_244 243 I 1242 241 240 239 I 1 238Q, I j J 237 I I 236 235 234 233 232 231 230 I"; .L I:. frIll IP, (fI~ -v- SITE CONTEXT PLAN CHERRY CREEK ESTATES ," - 300' II Ii .- .~.- ''><- / U -~ .)&;~~ BLOCK .A. 11 I ..J -, 12 1 ~ ;:; !II CONSULTING ENGINEERS LAND SURVEYORS 9940 Allisonvllle Rd. . fishers, IN 46038 (317) 849-5935 . 1-800-726-6917 . FAX: (317) 849-5942 CONIROl. , 43405 D D D o D D D D o D D D o o D D' ,0 D D LANDSCAPE NARRATIVE CJ CJ I:::=:J CJ t:=J. t::=J t=J r:=J. c=J CJ CJ CJ CJ t=J CJ CJ CJ LJ . CJ Location: Northern Bounda North Wellhead Protection Site Bounda Eastern Bounda Southern Bounda South Wellhead Protection Site Bounda Western Bounda * Per Carmel's Urban Forester on 09.17.02 r HAZEL FOSTER PROPERTY LANDSCAPING REQUIREMENTS Re uirements: Pro osed Solution: D D. . . D D D D D U D o D D o D D o D U D OPEN SPACE AREA DESCRIPTION o D D D D ,0 o D o o D o D o U D LJ o o Open Space Area Description A mix of nature and designed open space will be utilized on this site. Block "A", Common Areas 1 and 2 will be left in their natural state to provide a buffer to Hazel Dell Parkway and conserve trees. Common Areas 4, 5, 8 and 13 will also be left in their natural state except for the construction of ponds and any other required improvements. Common Areas 3,6, 10, 11, 14, 17 and 18 will be seeded and landscaped. Common Areas 15 and 16 will be used to help create a small park by utilizing an existing well site. All common areas will be jointly owned by a Home Owner's Association and will be maintained by a professional management company. Details for maintenance and operation and a sample maintenance plan and budget will follow in this report. D o o o 10 ,0 o o o 0' . o o D D" . D D D o D PRODUCT PHOTOS D o Q ~ ~ ~ D ~ D C o D ~ ~ ~ Q o Q o ~ ~ ~ ~ ~ D D [l IJ ~ ~ i D ~ ~ ~ ~ D o o III ~ ~ ~ ~ ~ D D D ~ ~ ~ D ii"I. II ~ ~ D ~ ~ ~ D ~ i ~ ~ o D ~ ~ I ~ ~ ~ D ~ ~ ~ i ~ D ~ ~ ~ ~ ~ D ~ ~ ~ ~ i ~ D D ~ D D ~ ~ o ~ ~ ~ ~ ~ ~ o ~ ~ I~ I D ~ D ~ D D ~ .0 D,- D o D U D" o o , 0 D D o U U U D o o MAINTENANCE AND OPERATION PLAN CJ c:=J CJ c::::: c=J CJ CJ c=J c=J c=J c=J CJ c::::J c= CJ CJ CJ c::=J CJ Please note that this budget is an estimate based on the information provided. JAN FEB MARCH APRIL MAY JUNE JULY AUG SEPT OCT NOV DEe ANNUAL %OF BUDGET EXPENSES -- 105 70 35 105 70 35 105 70 35 105 70 35 lliQlME 343 351 8 8 375 8 8 399 8 8 423 8 8 ASSOCIATION FEES ----- 580 -- --- 33170 580 280 35438 _~28o.~ 37706 580 200 39974 580 315 149683 DEVELOPER CONTRIBUTION -- 0 0 0 20810 0 0 ___ 28373 0 -- 0 8487 0 0 57670 ----- I-----~ --- ---- ------ TOTAL INCOME -~- --...-- 33170 580 280 56248 580 280 66079 580 200 48461 580 315 207353 EXPENSES --- 2075-- -- 2115 MANAGEMENT FEES 1755 \795 \835 1875 1915 1955 1995 2035 2155 2200 23705 14_00% PRINTING OTHER 135 135 135 \35 135 135 135 135 -- 135 135 135 135 1620 LOO% POST AGE OTHER 116 25 25 124 25 25 132 25 25 140 25 25 712 LOO% ---- AMINISTRATIVE OTHER 25 25 __25_ __ 25 25 25 25 25 25 25 25 25 300 0_00% LEGAUPROFESSIONAL -- 20 20 21 21 21 21 21 21 21 - 21 21 2\ 250 0.00% -- TOTAL ADMINISTRATIVE 205\ 2000 2041 2180 2121 2161 2308 2241 2281 2436 2361 2406 26587 INSURANCE 0 0 0 0 0 0 0 5500 0 0 0 0 5500 PROPERTY TAX 0 0 0 2234 -- 2234 . -~ 0 0 0 0 0 0 4468 -- TOTALINSURANCEnAX 0 0 0 0 2234 0 0 5500 -- 0 2234 0 9968 0 ELECTRIC 400 400 400 400 400 400 400 400 400 400 400 400 4800 3.00% WATER/SEWER 322 322 322 322 322 322 322 322 322 322 322 322 3864 .. -- - TOTAL UTILITIES ----- --722 722 1--- 722 722 -- -~ ----nz- 722 722 722 722 722 722 722 8664 SNOW REMOV AL 3550 3550 1 3550 0 0 0 0 0 0 __ 0 0 3550 14200 8.00% MOWING 0 0 I 0 4038 4039 4039 4039 4039 4039~ 4039 4039 0 32311 19.00% SHRUB & TREE MAINTENANCE 0 "~ 1569 1570 1570 1570 1570 1570 1570 1570 0 12559 7_00"10 1l.!RFPROGRAM o 0 1258 1258 1258 -- ~- 1258 6.00% -- 0 1258 1258 1258 1258 0 10064 LANDSCAPING OTHER - .- .. 3427 0 o 0 3427 3427 3428 3428 3428 3428 3428 0 27421 16.00% POND MAINTENANCE - 1733 0 -------- 0 o 0 0 0 1733 0 0 0 0 3466 2.00% OTHER GROUD MAINTENANCE 773 773 ~ 773 773 773 773 773 773 774 --774 774 774 9280 5.00% IRRIGATION - 0 0 300 30 30 30 30 30 30 300 0 0 780 ---- 1.00% -----. TOTAL GROUNDS MAINTENANCE --4323 4323 4623 12828 11097 11097 11098 12831 \1099 11369 11069 4324 110081 PLUMBING 0 0 0 0 200 0 0 0 0 200 0 0 400 LOO"I. BUILDING MAINTENANCE 130 130 131 13\ 131 131 131 13\ 131 131 13\ 131 1570 1.00% POOL PHONE ---- 55 -- 55 55 55 55 55 55 55 55 55 55 --~ 660 1.00% POOL 0 0 -- 0 _-.SJ__ 2400 2400 2400 2400 2400 0 0 \2000 7.00% 0 ---- TOTAL BUILDING MAINTENANCE 185 185 \86 186 2786 2586 2586 2586 2586 386 -- 186 186 14630 I TOTAL EXPENSES 7281 7230 7572 15916 18960 I 16566 I 16714 1 23880 16688 14913 I 16572 7638 16 NET INCOME (LOSS) I 25889 I -6650 -7292 I 40332 -18380 -16286 49365 -23300 -16488 33548 I -15992 I -7323 CURRENT YEAR RESERVE FUND I 8293 I 140 70 I 8860 140 70 9427 140 70 9994 140 I 79 37 NET CASH FLOW I 17596 I -6510 -7362 31472 -18520 -16356 39938 -23440 -16418 23554 -16132 I -7402 I 0 MONTHLY EXPENSE % I 4.00"10 4.00"10 5.00% 9.00% 1 LOO"I. 1 0.00"1. 10.00"1. 14.00"10 10_00"/. 9.00"10 10.00"10 4.00% 1 00.00"10 (EXAMPLE ONLY) D o o o I D" U o o D o D Dc o U o o o U D SAMPLE MAINTENANCE PLAN AND BUDGET D o u o o o o u o D U D o o o o o o o HOMEOWNERS ASSOCIATION 2001 BUDGET NOTES INCOME: 4001 Association Fees: Association fees of$150.00 quarterly, 553 total lots. Budgeted income based on sales projections as follow (currently 343 lots sold): Total Lots Sold First Quarter 367 24 Second Quarter 391 24 Third Quarter 414 24 Fourth Quarter 440 25 4002 Developer Contribution: Developer funding of association shortfall. The first month of each quarter is based on 90% of the homeowners paying their dues. Pro-rated dues, which are in the second and third months of each quarter, are based on 100% of the homeowner's payment because they are paid out of closing. ADMINISTRATIVE EXPENSES: 6001 Mana~ement Fee: A monthly fee paid to the management company for their services. Fee is $5.00 per month per lot. Minimum of $500.00 per month. 6016 Printin~: Newsletters, budget packets, invoice payment copies and other correspondence mailings/copies (Annual estimate - $1,620). 6022 Posta~e: Postage for invoices, newsletters, violation letters and other correspondence (Annual estimate - $721). 6044 Administrative Other: Stationary, envelopes, checks, accounting supplies, long distance calls and faxes (Annual estimate - $300). 6602 Le~al/Professional: Filing of Federal/State tax returns and legal representation (Annual estimate - $250). D o D o o u o u o u o o o o o o o o o HOMEWOENERS ASSOCIA nON 2001 BUDGET NOTES INSURANCE/T AXES: 6100 Insurance: Liability and property insurance for common areas within the association, including pool, pool house, playground, tennis and basketball court (Annual premium $5,500). 6501 Property Tax: Property taxes on common area land, including pool, pool house, playground, tennis and basketball court. Payment in May and November (Estimated at $2,234 a half). 6510 Taxes: Corporate Federal and State taxes (Estimated at $50). UTILITIES: 6200 Electric: Electricity usage for entryways, pool house and streetlights. Based on 2000 usage (Annual estimate - $4,300). 6209 Water/Sewer: Water and sewer service for irrigation, pool and pool house. Based on 2000 usage (Annual estimate - $3,864). GROUNDS EXPENSES: 6301 Snow Removal Contracted: Snow removal for all streets. Snow removal on one 2 inch to 3.9 inch pull is $1,700 per pull, one 4 inch to 5.9 inch pull is $1,850. Estimated snow removal cost for the 2001 budget 0 $14,200 ($3,550 a month - JanlFebnvrar~ec). 6410 Mowin~: 26 mows to common area grounds at $1,151.22 per mow. Two edgings at $1,190 each. Estimated" mowing/edging cost for the 2001 budget - $32,311.72 ($4,039 per month - April through November). 6416 Turf Prowam: Four turf fertilizations at $2,203.00 per application and $1,252.00 for grub control. Estimated turf program cost for the 2001 budget - $10,064.00 (Roughly $1,258 per month - April through November). o D D o o o D D o U D o o o u o o o o HOMEOWNERS ASSOCIATION 2001 BUDGET NOTES 6423 Shrub/Tree Maintenance: Includes shrub trimming at $1,939, tree pruning at $1,348.67, tree/shrub fertilizer at $4,737.50 and tree/shrub dormant oil at $1,511.55 and two tree/shrub insect control at $1,511.55 each. Estimated shrub/tree maintenance cost for the 2001 budget. $12,559.82 (Roughly $1,570 per month- April through November). 6442 Landscape Other: Mulch installation at $6,800, bed edging at $1,996.22, tree ring edging at $1,599.24, mulch herbicide at $1,331, mulch handweed will be done 30 times at $159 per service - $4,770, yard clean-up at $667, annual summer flower installation at $1,235, spring pansies installation at $1,710, fall mum installation at $2,023, overall flow maintenance for the season at $270.00 and additional $5,000 for re-mulch/misc. Estimated landscape other cost for the 2001 budget - $27,421.46 (Roughly $3,428 per month - April through November). 6450 Pond Maintenance: Monitoring of the lakes from April through October. Estimated pond maintenance cost for the 2001 budget - $3,465.00 (Billed $1,733 in April and August). 6490 Ground Maintenance: Litter clean-up in common area and all other miscellaneous jobs not having specific line item. Ground maintenance approximately 4 hours a week at $25.00 an hour, $40 a month for landscape lighting repair and $4,000 miscellaneous expense. Estimated ground maintenance cost for the 2001 budget - $9,280 (Roughly $773 a month - Jan. through Dec.). 6551 Irri~ation: Includes spring start-up, maintenance and winterization. Estimated irrigation cost for the 2001 budget - $780. BUILDING MAINTENANCE: 6203 Plumbin~: Any necessary plumbing work to the pool house. Winterization of the pool house at $200.00 and spring start-up at $200. Estimated plumbing cost for the 2001 budget - $400 (Cost to occur between April and October). D D U o D D D U o U D o D o U o D D D HOMEOWNERS ASSOCIATION 2001 BUDGET NOTES 6206 Buildin~ Maintenance: Maintenance to pool house. Approximately $55.00 for general maintenance and $5.00 a month for building light maintenance. $800 miscellaneous. Estimated building maintenance cost for the 2001 budget - $1,570 (Roughly $131.00 a month). 6500 Pool Phone: $55.00 per month service charge. Estimated pool phones - $660.00 ($55.00 a month). 7000 Pool Maintenance: POOL OPENS MEMORIAL DAY WEEKEND! Includes opening and closing of~e pool, daily visits to chemically treating the pool, pool deck and restrooms. Chemicals and supplies on a will call basis. Estimated pool maintenance cost for the 2001 budget - $12,000 - Price does not include lifeguard or monitors. RESERVE: Reserve Fundin~: Deposit of 25% of regular assessment to the Reserve. Please note that this budget is an estimate based on the information provided. FI AIFormsIHomeAssocBudget