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.
The letter from our Attorney is posted under Documents.
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.
The Wall Township Noise Ordinance is posted under documents.
Joan M Bertolami, nee Turtur, 82 of Wall died Monday July 1, 2019.
Visiting will be on Friday July 5th, from 2-4 and 7-9 @ O’Brien Funeral Home, 2028 Highway 35 at New Bedford Road, Wall.
Funeral Mass will be Saturday, July 6th @ 9:30 AM at St. Mark’s Church, 215 Crescent Parkway, Sea Girt.
Check under Community for information on the work that has started and the Grant money approved from the State of NJ.
Tech Electric began work at the Clubhouse on Friday June 7th to get the lighting upgrade underway. Work included the installation of new fixates in front of the clubhouse and the flagpole island. Inside the clubhouse, new G-40 type lamps were installed in the fixtures over the billiard tables.
This work will be ongoing as materials arrive from the electrical supply house.
Your Board of Trustees filed with the State of NJ for a monetary grant to assist with this project. We have been notified that a grant of $4,632.00 has been approved for our community.
