Turf Renovation Program begins

As the Sunday robo call announced, the turn renovation program began on Monday August 26th, and will take up to 12 days to complete.

the process is as follows:

Mowing crew will undertake regular mow; Flagging crew will follow to flag irrigation heads and valve boxes ( flags of different colors will be used and have no particular significance).

Core aeration follows, and that is when the cylindrical plugs of soil are pulled.  They are good for the lawn even though they look messy.  Residents should leave them.  The plugs will break down relatively quickly.

Seeding of the entire community will follow the core aeration process.   Starter fertilizer will be applied to all turf areas after the seeding is completed.

Turf will not be mowed for two weeks following the above process.

Thank you for your cooperation and understanding.

“Osprey Cove” – New home community @ Back Gate area.

If you have entered Four Seasons via the back gate you may have seen the signage advertising Osprey Cove.   Six homes are to be built on the back property adjacent to Four Seasons and The Learning Center.  The posted starting price for the homes is $899,900.

Your Board of Trustees has reached out to the builder to set a meeting where we can go over the plans and work to assure the least disruption as possible to our community.

Lawn Work change of date – will start on Friday 8/9/2019.

LMS has rescheduled TruGreen for the following applications to take place on Friday August 9, 2019.

TruGreen will apply community wide a fungicide (brand name Eagle), liquid fertilizer, nutsedge control (brand name Dismiss) and the will spot treat crabgrass that has broken through the barrier applied in the spring and other broadleaf weeds.  

There will be mowing Tuesday through Thursday.  In order that they can do so with the optimal results LMS will not mow Friday August 9, 2019 so there is as much plant surface available as possible to absorb the application elements.  Normal mowing schedule will resume on Monday August 12, 2019. 

The irrigation will not be run on Friday, August 9, 2019 to give the application elements a better chance of adhering to the plants, notwithstanding that they apply them with a sticking agent.

Thank you for your understanding and cooperation.

June 30, 2019 – Quarterly Investment Summary

At the General Meeting on July 18, 2019, our Treasurer, Ray Kaden, provided information on how our community has benefited significantly and has also been well protected by our Investment Committee of Bob Bennett, Dennis Leonard, and Pat Moore through the guidance of our investment manager, Bob Gerling of UBS.    Their diligence and expertise have saved each homeowner of $150 per year in maintenance fees for the past 10 years.

Replacement Reserve –  The balance in the RRF at 6/30/2019 is $3,463,645, which includes $187,999 for the Landscape Reserve and $85,000 for the Snow Reserve   Without those sub funds we have $3,190,646 available for capital assets.

The RRF grew by $291,538 from June 30, 2018.  This growth is a combination of monthly contributions to the RRF, as included in the Operating Budget, plus interest and dividends earned and appreciation of our investments, minus capital expenditures made over the last year.  As of 6/30/2019 in the RRF, we held 16/5% Cash; 63.8% in Fixed Income; and 19.7% in Equities.

We still have some budgeted capital expenditures to be made in 2019, including the balance due on the Clubhouse Roof, as well as the solar panels cost.

Working Capital – This fund is down to $89,052 from a 2018 level of $145,848.  This decline is due primarily to using $40,000 of this fund to mitigate some of the Quarterly Maintenance Fee increase in the 2018 Operating budget.  We will transfer $17,557, the amount of the 2018 net operating surplus attested to by our auditors, later this month.  This will bring the balance in the Working Capital Fund up to $106,609.

Operating Fund & House & Recreation Fund – The Operating Account had $229,192 in it at 6/30/2019; and the H&R Fund had $29,709 in it at the same date.