Expenses

We have had a few requests to post the expenses of the HOA. This information will be available at the annual meeting, but in the meantime, here is some info for you review.

Froerer Management - $445 per month, plus $1 per letter sent
For more info on the services they provide, check their website at www.froerer.com.
We contacted:
FCS Community Management $534 per month, plus service fees for letters
Wasatch Property Management didn't think we were big enough
E Property Management Group never returned calls
Alliance Property Management $1335 per month
Real Property Management $3560 per month

The Green Feet Co - $65 per week ($260 per month) for mowing, weeding, trimming and to apply fertilizer, cost of fertilizer additional
We contacted:
LMS (Ivory's landscaper) chose not to bid due to the small size
Gratiest Lawncare $105 per week, $75 for fertilizer, additional fees for trimming or weeding
Rodriguez Lawncare $75 per week, $55 for fertilizer, won't trim, will weed for additional fees
Luis Gonzales $100 per week, won't trim or weed
(Froerer will provide snow removal for $40 per hour)

American Family Insurance - $765 per year
Breakdown is:
$1,000,000 coverage liability for the common area $440.00
$10,000 coverage for fence $100.00
$4,000,000 coverage for D&O policy $125
$5,000 fidelity bond $100
We contacted John Henry Smith Insurance and their quote was $1141 per year.
We contacted Sentry West Insurance and their quote was $2828 per year.
We contacted State Farm and Heiners but never received calls back.

Water Bill for 4 lines $1171.17 per year

PO Box $48 per year

Additional expenses can be items like extra letters, accountant to prepare taxes, deductibles if insurance is needed, etc.

So if you break that down into monthly amounts:
Management $2.50
Lawn care $1.46
Insurance $.36
Water $.55
PO Box $.02
Total $4.89 per house per month

Feel free to email us if you have questions.