2025 Shadow Run Annual HOA Meeting Notice Thursday, January 9, 2025, at 3 PM Bray Ed. Center (BEC) 640 Belford Ave. Grand Junction, CO Also Available Online at https://zoom.us/ Meeting Code: 862 2482 0977 Passcode: 954737 Notice Dear Shadow Run Association Owner/s: Notice: The Shadow Run Owners Association has scheduled their Annual Meeting for January 9, 2025, at 3 PM.
The meeting will be held at the Bray Ed. Center at 640 Belford Ave.
Election: The Association needs to elect three to five Members to the Board of Directors for staggered year terms. If you are interested in volunteering for the Board, please notify HOAServices prior to the meeting at [email protected]. You may also volunteer or be nominated at the meeting.
Online Access: The meeting will also be available online at Zoom.us. To join the meeting, type "zoom.us” into your URL and then click on “Join a Meeting” in the upper, right-hand corner of the web page. You will be prompted to then enter the Meeting ID #, followed by the Meeting Passcode.
The Meeting ID # is 862 2482 0977 and the Passcode is 954737.
Proxy: If you are unable to attend the annual meeting, please return your completed proxy (enclosed) to HOAServices at 607 S. 7th St. Grand Junction, CO 81501 or by email at [email protected]. If you plan to mail the proxy, we must receive it at least 24 hours prior to the scheduled meeting.
Returning your proxy will help the Association achieve quorum and conduct scheduled business. Thank you in advance for returning your proxy if you are unable to attend the meeting.
Budget: There is no proposed dues increase. Review the budget and if you have any questions or concerns, they can be sent to [email protected] or discussed at the annual meeting.
The Board of Directors
here is no proposed dues increase. Review the budget and if you have any questions or concerns, they can be sent to [email protected] or discussed at the annual meeting.
The Board of Directors & Your HOA Mgmt. Partners HOAServices 607 S. 7th St. Grand Junction, CO 81501 [email protected] 2025 Shadow Run Annual HOA Meeting Thursday, January 9, 2025, at 3 PM Bray Ed. Center (BEC) 640 Belford Ave. Grand Junction, CO Also Available Online at https://zoom.us/ Meeting Code: 862 2482 0977 Passcode: 954737 AGENDA 1. Introductions 2. Call to Order 3. Announcement of Proxies Needed for Quorum for Annual Meetings is set at 20% (5 Units/Proxies/Members) 4. Approval of last year's Annual Meeting Minutes: Minutes are posted to the Association webpage at www.hoaservicesco.com - Shadow Run – Meetings – Minutes for your review.
Please review these minutes beforehand if you wish to discuss any matters pertaining to this meeting.
5. New Business/Old Business • Discussion of upcoming maintenance projects 6. Budget: ● The budget proposed by the Board does not require approval from the Members and it will be deemed approved by the Members in the absence of a veto at the noticed meeting by a majority of all Members. Declaration of CC&Rs, Art. IV. Section 4.5 & Bylaws, Art. VII. Section 4. (e).
7. Annual Election: Three - Five Members are Needed to Serve for staggered 1-3 year terms.
Proxy or Nominations from the Floor A.
B.
Voting C.
D.
Announcement of the New Board of Directors Close of Election 8. Adjournment HOAServices 607 S. 7th St. Grand Junction, CO 81501 [email protected] Shadow Run Townhomes Homeowners Association 2025 ANNUAL BUDGET Cash Balances (YTD ¹) 2025 Proposed CASH & INCOME Operating Cash $ 8,344.00 Reserve Savings Total Cash Balances (YTD)
[email protected] Shadow Run Townhomes Homeowners Association 2025 ANNUAL BUDGET Cash Balances (YTD ¹) 2025 Proposed CASH & INCOME Operating Cash $ 8,344.00 Reserve Savings Total Cash Balances (YTD) Recurring Income Annual HOA Dues Dues per Month: Interest (estimated) Total Recurring Income Miscellaneous Income Reimbursed Expenses Violations/Fees/Fines/Assessments/Misc.
Total Miscellaneous Income TOTAL CASH & INCOME $ 196,548.39 $ 204,892.39 $ 93,600.00 Units: 24 $325.00 $ 1,500.00 $ 95,100.00 $ $ $ $ 299,992.39 EXPENSES Recurring Expenses Landscape Maintenance Landscaping/Irrigation System Repairs Trees/Shrubs General Repairs & Maintenance Asphalt (crack filling) Snow Removal HOA Management $ 20,430.00 $ 3,800.00 $ 1,500.00 $ 5,000.00 $ 1,500.00 $ 1,000.00 $ 6,000.00 Insurance Policy $ 17,304.00 Common Electric $ 315.00 Office Expenses $ 500.00 Legal/Professional Services $ 5,000.00 Registration $ 53.00 Accounting/Tax Preparation $ 250.00 Meeting Expenses $ 150.00 Miscellaneous $ 2,000.00 Total Recurring Expenses $ 64,802.00 Miscellaneous Major Expenses Roof Replacement² $ 82,000.00 Deck Repair/Replacement² $ 40,000.00 Stucco Repair/Painting $ Concrete Repair $ Total Miscellaneous Major Expenses $ 122,000.00 TOTAL EXPENSES 186,802.00 YEAR-END RESERVES Net Income (estimated reserves contribution)³ $ 30,298.00 Reserve Savings 4 TOTAL YEAR-END RESERVES (estimated) $ 74,548.39 $ 104,846.39 1. YTD 11/14/2024 2. Roofs planned: 330-336, 347-349, 358-360 & Decks planned: TBD. Major expenses will be funded by the reserves account.
3. Net Income (estimated reserves contribution) = Total Recurring Income - Total Recurring Expenses 4. Reserve Savings = Reserve Savings (YTD) - Total Miscellaneous Major Expenses
he reserves account.
3. Net Income (estimated reserves contribution) = Total Recurring Income - Total Recurring Expenses 4. Reserve Savings = Reserve Savings (YTD) - Total Miscellaneous Major Expenses Note: 69% of the total Annual HOA Dues will be allocated to our Total Recurring Expenses. 31% remains as net income/estimated reserves contribution.
HOA SERVICES Shadow Run HOA Balance Sheet As of 12/5/2024, Cash Basis Prepared By: HOAServices, Inc.
607 South 7th Street Grand Junction, CO 81501 Assets Current Asset Shadow Run 13 Month CD Shadow Run 5 Month CD Shadow Run Operating Account Shadow Run Operating Account - Pending EFTS Shadow Run Reserve Account Total Current Asset Total Assets Liabilities Current Liability 2210 Prepayments Total Current Liability Total Liabilities Equity 3220 Opening Balance Equity 3800 Retained Earnings Net Income Total Equity Total Liabilities & Equity 50,000.00 50,000.00 11,262.37 326.00 97,128.42 $208,716.79 $208,716.79 325.00 $325.00 $325.00 231,098.44 0.00 (22,706.65) $208,391.79 $208,716.79 Generated 12/05/2024 11:22:34 Page 1 of 1 2025 Shadow Run Association Proxy PLEASE RETURN YOUR SIGNED PROXY TO ACHIEVE QUORUM!
Quorum: I (Print Full Name) my Proxy to be counted toward achieving quorum.
Dues Remain 325/month. Budget for 2025 Approve OR Reject APPROVE Election: I Nominate I Nominate The Association will be voting for three to five members to be elected to the Board of Directors. Use this Proxy to nominate and vote for the member of your choice.
The Vote shall be concluded at the Annual Meeting. All Owners Must have their Dues Paid in Full Prior to the Meeting to Serve on the Board.
to serve on the Board of Directors to serve on the Board of Directors I Nominate I Nominate I Nominate to serve on the Board of Directors
Dues Paid in Full Prior to the Meeting to Serve on the Board.
to serve on the Board of Directors to serve on the Board of Directors I Nominate I Nominate I Nominate to serve on the Board of Directors to serve on the Board of Directors to serve on the Board of Directors For the Proxy to be Valid, this Section Must be Completed Member Name: Dated: Member Address in the HOA: Member Signature: Cumulative Voting is not permitted.
How to Assign Your Proxy to Another Person or The Board to Represent You Do Not Fill Out if You Plan to Attend the Meeting in Person of Directors The undersigned member of Shadow Run Homeowners Association, a Colorado Owners Association, assigns either the Board Proxy (insert proxy's name):_ of Colorado to represent me, because I cannot attend as my or the Annual Meeting. This Proxy shall remain in effect until the meeting is concluded Fill in "The Board of Directors" if I am not able to attend the Annual Meeting and want the Board to direct my vote. I will complete and send in this written Proxy via mail or email to [email protected].
HOAServices 607 S. 7th St. Grand Junction, CO 81501 [email protected]