Community interaction

Hi Resident,

Great idea's however my main concern is getting the siding done and to maintain a fiscal budget.  I am more than willing to volunteer my time for yard duties etc.  We can not and should not be spending money on other projects until the siding is moving forward.  I would be more than happy to do yard work there and help in anyway I can to prevent spending. 

Watersedge has to get the siding done.  What many owners concern was how?  We were misrepresented from the start.  Enough said there because I could write an interesting essay.

Here is what is needed at Watersedge to help the community:

1. Cost of construction report detailed with expenses of labor, materials, and General Contractor John Gilmore fee.  This should be at the clubhouse so owners can see not just at RPM.
2. Delinquency numbers current.  Before we went to $350.00 a month the percent was about 25%. 
   
3. Foreclosure issue.  The property values have dropped not just because of Clark County's real estate market.  There absolutely needs attention here so we can get the values back to at least the year of 2002.  This starts by preventing foreclosures because the properties are liquidated.  There may be one next door or close to you because I saw a BPO being done on Saturday someone took a picture in the grass area of the C building. Foreclosures are a major problem and the values are not down just because of the siding.
4. Communication is also one of the biggest problems at Watersedge so people just let there place go instead of being informed.
5. There needs to be leadership there.

Also the way construction was moved into place so to speak most likely did not meet the overall community with what people who live there can afford.  Many other condominiums did things like this differently to prevent foreclosures.  As people can not afford their HOA payments they also stop paying the mortgage which creates a negative impact on the reserve account and it could even impact the operating budget at Watersedge. I have watched people live here for 3 years and not make a HOA payment or their mortgage payment..... it has to stop!  When they stop paying it impacts Watersedge real bad.  The foreclosure issue, the construction issue, the communication issue needs to be addressed.  The foreclosure issue impacted America and now the real estate market is improving, the market has corrected and Watersedge needs some leadership skills so this can be addressed because if not their will be more and more.  I did my own research on the county website and looked at all owners their and there will be some more coming and I bet there is one next door to you and I.
Thanks for reading.  If you foresee any types of ways of creating volunteer work let me know.  We could have a garage sale and generate money to buy bark dust and get people like me shoveling it.  We could do lots of things to get things done.  And we do not necessarily need to be spending money from the reserve account.

Best regards,


Bret Bucher

"Friends of Waters Edge"

We the "friends of Watersedge" were able to defeat the third party people who asked the owners to foreclose and move on.  Well I am back and I am asking our citizens to get involvled due to another issue that is going to unboil.  This is a very serious issues and we The Friends Of Watersedge are going to step up to the issue and explain it before it gets unexplained with the secrecy club.  So help me take our property rights back.  Their are 3 ways of doing this.  This is a solution.  This takes a community to rebuild a commuity and I need your help.  Thank you very much for reading.

Three steps to rebuild a community is:
1.  Communication with the board of directors.  We as owners have zero communication from my neighbors unit that was broken into by a robber to construction that halted 9 months ago.
2.  We can have the financial records reviewed by a Certified Public Accountant the speaclizes in fraud and fraud investigations.
3. Rebuild the board and bring back our community.

Checks and Balances for improvement in a community.

Checks and balances

We the community of Watersedge are entitled as owners to see any type of financial records pertaining to construction budgets, any type of financial record by Washington State Law. You are an owner and you own Watersedge. Not a property management company and not an attorney firm.

The community absolutely is moving forward but is $350.00 a month creating more problems as each month progresses? June 2011 started building M. What was WEHOA reserves prior where are we today with construction expenses? Late July finished N building. The association made significant progress and re-birthed a community showing real positive growth.

We as owners need to see a budget that simply shows a cost break down for building M and N. As an example the budget will show all expenditures of labor, construction material, and General Contractor fee per building.

Troubleshooting problems is how we create a better community at Watersedge. We as a community need to troubleshoot the foreclosure problem here and also figure out the best scenario for replacing the siding and making the HOA monthly bill work out in a favorable fashion that meets the needs as a community like I have tried to help everyone out going back over 4 years. The Real Estate Market is improving and we need to improve our asset.

Is Watersedge under construction or facing the usual secrecy club?

We are seeing the bright yellow siding but many home owners are wondering the cost of construction? We were told $136,000 each on the M and N building. The owners are curious how the construction breaks down since there is no paper work provided. I guess you need a membership.

RCW 64.34.372 Association records — Funds

Click on the image to zoom in. We are entitled to see records in accordance to the WA State Condo act. http://apps.leg.wa.gov/rcw/default.aspx?cite=64.34

RCW 64.34.372 http://apps.leg.wa.gov/rcw/default.aspx?cite=64.34.372

An actual Document from WEHOA 2010 annual meeting explained by the Attorney.

You are always entitled to see the records or financial information concerning your condominium in WA State

RCW 64.34.372
Association records — Funds.

(1) The association shall keep financial records sufficiently detailed to enable the association to comply with RCW 64.34.425. All financial and other records of the association, including but not limited to checks, bank records, and invoices, are the property of the association, but shall be made reasonably available for examination and copying by the manager of the association, any unit owner, or the owner's authorized agents. At least annually, the association shall prepare, or cause to be prepared, a financial statement of the association in accordance with generally accepted accounting principles. The financial statements of condominiums consisting of fifty or more units shall be audited at least annually by a certified public accountant. In the case of a condominium consisting of fewer than fifty units, an annual audit is also required but may be waived annually by unit owners other than the declarant of units to which sixty percent of the votes are allocated, excluding the votes allocated to units owned by the declarant.

(2) The funds of an association shall be kept in accounts in the name of the association and shall not be commingled with the funds of any other association, nor with the funds of any manager of the association or any other person responsible for the custody of such funds. Any reserve funds of an association shall be kept in a segregated account and any transaction affecting such funds, including the issuance of checks, shall require the signature of at least two persons who are officers or directors of the association.


[1992 c 220 § 19; 1990 c 166 § 7; 1989 c 43 § 3-119.]


Notes:
Effective date -- 1990 c 166: See note following RCW 64.34.020.

Current Real Estate sales over the last 6 months. 13216 NE Salmon Creek Ave Vancouver Wa 98686.

Condo 1 bed 1 bath 670 sq. ft. Sold $29,500

Condo 1 bed 1 bath 670 sq. ft. Sold $37,500

Condo 2 bed 2 bath 960 sq. ft. Sold $56,031

Condo 2 bed 2.1 bath 1166 sq.ft Sold $65,000

The average list price $49,900, and the average sold $47,008