December 21, 2012

To: All Village At Apache Wells Homeowners
Subject : Communication from your Board of Directors

Your elected Homeowners Association Board of Directors has voted to increase the monthly payment for the Association dues on each of the 170 units by the amount of $14.00 per month. This increase is effective January 1, 2013 and should be included with your January 1, 2013 payment.

The Board’s action in raising monthly dues is to increase our reserves. As our buildings age, cost for repairs and maintenance have increased and if deferred will become a major problem.

This is only the eleventh dues increase in (16) sixteen years and is comparable to or less than similar Associations. This increase is within the guidelines established by the Association’s CC & Rs.

All Association fees are due the first of each month. There is still a late charge of $15.00 for payments received after the 15th of the month. This will automatically be charged to your account each month until payment is received.

The Annual Meeting is scheduled for Tuesday, February 19, 2013 at 7:00 p.m. Please mark your calendars NOW and plan to attend. There are two Board positions available. If you are interested, please send your resume to the office before January 14th. Your cooperation and support of the Board’s action is appreciated.

THERE WILL BE AN INFORMATION MEETING JAN. 29th, 2013 @ 9:00 AM. OWNERS AND RENTERS ARE INVITED TO ATTEND. 
Sincerely,
Marian Grider, President
Homeowners’ Association Board of Directors
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HOA Board Positions will be available for election in Feb.
Dick Akers heads the nominating committee. Can you serve ?
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RAEJEAN'S  INSURANCE ADVICE to consider
Per the Association’s By-Laws:

Each unit owner should purchase an insurance policy to provide coverage for the following:

1. Building Property: This is for coverage of additions, alterations and betterments to your condo unit that have been made over the years. It includes carpeting, floor coverings, draperies, all coverings, fixtures, appliances, and cabinets etc. that have been replaced over the years. Be sure to include the installation costs in the total amount needed.

2. Personal Property: This coverage protects the personal property in your unit like your clothes, furniture, bedding, kitchen utensils, etc.

Be sure that you have a Contents Replacement Cost Endorsement on your policy so that in the event of a loss you are able to purchase new items and depreciation will not be taken.

3. Loss of use: Should a fire or other covered loss damage your unit so that it cannot be occupied, this protection will provide coverage so that you will be able to rent a place to stay while your condo is being repaired or rebuilt.

4. Loss Assessment: This valuable coverage is uniquely designed for owners in condominiums/associations. It recognizes the potential for owners to be assessed for certain kinds of loss. Here are examples of circumstances that might require the association to assess all unit owners:

a. Someone is seriously injured on common property (perhaps at a swimming pool) and the courts award a judgment that is higher than the amount of liability coverage provided by the association’s policy.

b. Major damage occurs to commonly owned buildings and it is not fully covered by insurance.

All unit owners would probably be assessed to cover the uninsured part of the claim.

In either case, loss assessment coverage would pay your share (up to the stated amount shown on your policy). However, the standard loss assessment coverage under a unit owner’s policy is usually $1,000. Higher limits are available—usually up to $50,000. The cost to raise this coverage from $1,000 to $10,000 is probably $10 a year.

5. Personal liability: This coverage protects you if others make a claim or

Bring suit against you for bodily injury or property damage for which you or a member of your family is responsible. In addition this coverage may pay defense and court costs.



**It is essential that you select liability limits high enough to protect your assets. For example, if you have assets of a million dollars, you should increase your liability limits to at least a million dollars. This can be done by starting an Umbrella Liability Policy.



6. Medical Payments to Others. This coverage pays medical expenses up to the limits in the policy for persons who are on your premises and are accidentally injured.

Insurance is meant to cover claims that are sudden and accidental and that you cannot afford to pay. ______________________________________________________________________________________