CNA Questions ACHOA Spending

Questions from the Concerned Neighbors of ArrowCreek (CNA);
1.) Why is the ACHOA Spending our money on a property valuation study? Is it the intent of the ACHOA to ‘justify’ their decision to pursue a joint venture? What other explanation is there given the body of research already published/posted on ArrowCreed411.wordpress.com.
2.) Why is ACHOA spending our money on a ‘demographic economic’ study of our CIC? Peoples finances are not the business of the ACHOA. When people speak out and say they can’t ‘afford’ a $100 increase in dues you should take their word for it, not question the people who compose your constituency. Again is this a misguided attempt to ‘influence’ the outcome of the due diligence efforts, underway within the ACHOA committees?

Looking forward to your responses, either e-mail or posting to ArrowCreek411.wordpress.com.
Ron Duncan for CNA

********************

Dear Mr. Duncan,

Thank you for submitting your inquiry to the board. Below is their response to your questions. This correspondence will also be posted on the HOA website.

I wanted to give you an update on the HOA information to be posted on the website and emailed. Due to various reasons, getting information out was delayed. However, today, the board-approved FAQs and the Golf Acquisition Reserve Study were emailed to all the members on the email program. These documents were sent yesterday to be posted on the ACHOA website; I am hoping the documents will be posted within a day or so. This afternoon I am sending homeowner letters and responses, such as yours below, to be posted so that all the members can have access to various questions and responses. A link to the ArrowCreek411 website is also being requested today and the meeting Minutes will also be posted this week. Thank you for your patience.

Sincerely,

Jeanne Tarantino, PCAM, AMS, CMCA
Nevada Certified Supervising Community Manager
Sr. Vice President
Associa Sierra North
10509 Professional Circle #200, Reno, NV 89521
Office Phone: 775-626-7333

********************

Dear Mr. Duncan:

Thank you for your questions sent in your email dated January 10, 2014. The Board appreciates your time in formulating your questions and we will respond to each question asked.

1. The ACHOA Bylaws state that “All assessments shall be collected by the Association. Association funds shall be paid out or distributed as authorized or directed by the Board.” The NRS requires that all common expenses (operating budget), including the reserves, must be assessed. [NRS 116.3115] The ACHOA Board must adopt budgets for revenue and expenditures and reserves and collect assessments for common expenses. The ACHOA Board can make contract and incur liabilities on behalf of the ACHOA as outlined in NRS 116.3102. The 2014 Budget and 2015 Budget were approved by the ACHOA Board members and ratified by the ACHOA members. The ACHOA Budget allows the Board at their discretion to incur expenses or liabilities that fulfill their fiduciary responsibility to the ACHOA membership. AS such. All approved expenditures by the ACHOA Board are within the approved framework of the ACHOA 2015 Budget. Please review at the ACHOA website.

2. The Phase One Property Valuation study is the result of numerous ACHOA members voicing their concerns that the information provided in the August 24, 2014 ACCC presentation was inaccurate and incorrectly reflected the current literature concerning golf course communities. There are other ACHOA members who believe the information provided was accurate and disagreed with the contrarians. It was decided by the Board that an independent study for all ACHOA members to review should be provided. The Board felt that an independent study that collected all of the literature on the subject of golf course communities with a bibliography and summary opinions provided by an independent economist was in the best interest of the community. The studies intent is to provide to the community a transparent factual document that could be reviewed by the ACHOA members as they consider the issue that they may face concerning – “How does a golf community impact my property values.”

3. The demographic or census survey is a direct result of the Candidate Night meeting that you (Mr. Duncan) participated in concerning the ACHOA Board’s failure to understand the ACHOA community needs and wants. This demographic or census survey is designed to develop the common interests within the community, interests in specific amenities and programming, changes to communication systems, capture demographics on the community that have never been accomplished in the past, facility improvement plans, and other topics that the ACHOA members would like to share with the Communications Committee and the ACHOA Board of Directors. The survey is not designed to influence any ACHOA members. It is solely designed to collect information that will assist this and future Boards when asked to add specific amenities and programming within the current budget process. It will also assist in giving the ACHOA Board and ACCC during its due diligence evaluation of any social or recreational benefits form the proposed joint venture proposition.

4. The Communications Committee an Advisory Committee of the ACHOA Board has been tasked to provide accurate, factual and nonbiased communications both pro and con to the ACHOA members. Most of the recent information provided to the ACHOA web site and to ArrowCreeek411 by the committee has been an effort to respond to ACHOA member questions. Factual verifiable information for ACHOA members to refer to and evaluate is the only goal of the Communications Committee. There are no nefarious hidden agendas for the Communications Committee.

We look forward to receiving your future questions and we thank you for your concerns.

ACHOA Board of Directors.

Webmaster Note: This was one of the ACHOA responses included in the January 24, 2015 ACHOA Associa website posting.

This entry was posted in CNAC, Communication, Demographics, HOA, Homeowner Questions, Land Value Study, Property Value and tagged , , , , , , , , , , . Bookmark the permalink.

4 Responses to CNA Questions ACHOA Spending

  1. Marla Gartrell says:

    This comment is not a view/opinion on the subject of the HOA acquiring the Golf Club at ArrowCreek. Rather, there is an opportunity to become known as one of the Best Private Communities in northern Nevada, Nevada and the US. Example, Montreaux is nearby with property values higher then comparable home located in Arrowceek. We think it is the Best…My husband and I love Arrowcreek, living here for 18 years, mostly because of the total package and proximity to Lake Tahoe and the Truckee Meadows. The benefits why we moved here is it’s a safe (gated) community, the miles of walking paths, 36 hole golf course with dining and Club house, the residence center with pools, fitness center, dog park, playgrounds, and the magnificent city views, open space. Yet, AC home price per square foot is not equal to Montreux.
    We are excited the FOA and Arnold Palmer Golf have decided to become a private golf club because everyone living In ArrowCreek will benefit seeing an increase in property values. I urge everyone who lives here to think of your investment (your Home) and its a win win to support the club in some way. Consider attending community dining specials like Saturday residence dinner, becoming a social member, consider taking a lesson and see why so many love the game of golf, golfers join the club, volunteer or consider a full or part-time job at the Club but don’t ignore it’s value to our community.
    Behind the gates sits a magnificent Jewel to behold and support. Together, the ArrowCreek neighbors focus to make our community a desirable place to live, raise children, or the place to live after retirement and the place to make new friends. If we embrace the mindset that uniting together to ensure that te Club af ArrowCreek is successful, it is an opportunity for home appreciation increasing ultimately the price per square foot especially because it has a successful Club. Ultimately, AC will have a reputation that it is the Best Private Community to live in the USA.

    See below info listed at http://www.privatecommunities.com (compare the best private communities) ArrowCreek is not listed.

    Parc Foret at Montreux
    Reno, Nevada
    Photos Video

    18th green of the Jack Nicklaus Signature course.

    Test your skills on one of the Golden Bear’s most challenging courses.

    Members enjoy full-sized swimming pool, tennis courts, and a 5,000 sqft. fitness center.

    Miles of walking paths and nature trails are just outside your door.

    Hit the social scene at annual Club events like the “Concert on the Green”.

    The Ciel: 3,297 – 3,962 SF – 3-5 Bedrooms – 3.5-4.5 Bathrooms

    The Chamonix: 2,873 – 3,114 SF – 3 Bedrooms – 3.5 Bathrooms

    Open great room design is the heart of each home.

    The Élève: 4,045 – 4,445 SF – 4-6 Bedrooms – 4.5-5.5 Bathrooms

    Each view lot is sculpted to take advantage of the alpine landscape and sunshine.
    Previous
    Next

    Previous
    Next
    Parc Forêt is within the sprawling private community of Montrêux, nestled in the Sierra Nevada Mountains, featuring stunning landscapes, inspiring architecture, and world-class golf.

    The property is wrapped around a distinguished Jack Nicklaus Signature golf course, named by the designer himself as one of his top five courses. Since 1999, the PGA tour has held its annual Reno-Tahoe Open here. The community has been recognized by Golf Week magazine as one of the top 100 golf communities in the country, as well as by author Guy Torrey naming it the #1 course in Nevada.

    Located between Reno and Lake Tahoe, the community is well situated for hiking, fishing, biking, river rafting, rock climbing, and horseback riding adventures. Warmer months in Lake Tahoe offer beach time, sailing, and water sports. Send me information now!
    Acreage
    726 acres (290 hectares)
    Gatehouse
    24-hour, manned gatehouse
    Club Structure
    All clubhouse amenities are available through the purchase of a membership. Equity golf memberships, sport and clubhouse memberships available.
    Golf
    The area’s only Jack Nicklaus Signature Golf Course winds through 7,472 yards of the community. The championship 18-hole course designed by Jack Nicklaus, considered one of his top five course designs. Full service pro shop, extensive practice facilities including 4 practice holes; Annual Reno-Tahoe open is held here- an official PGA Tour event. National recognition in top golf magazines such as Golf Week.
    Clubhouse
    Old-world style, 34,000 square foot clubhouse with 3 dining rooms, wine cellar, meeting room, Olympic size pool, pro shop and locker rooms with comfortable lounges.
    Fitness
    A 5,000 square foot fitness facility onsite offering complete cardio and weight equipment. Aerobics, Pilates, yoga, spin, TRX and other fitness classes are available. Plus, a kid’s pool, daycare, and three tennis courts.
    Concierge
    Services for homeowners
    Recreation
    A true outdoorsman’s paradise with miles of trails for walking, jogging and biking. Fishing on the community’s ponds, as well as many interactive social and community events through the clubhouse.
    Location
    Just 15 minutes from downtown Reno and the Reno/Tahoe International Airport and less than 25 minutes from Lake Tahoe. This area offers snow skiing and snow boarding, plus plenty of hiking, fishing, biking, climbing, sailing and water sports.
    Area Attractions
    Reno has a lot to offer in terms of nightlife and entertainment including cultural art centers, gourmet dining, and shopping. Lake Tahoe is known for its striking beauty and year-round mountain sports.
    Excellent Nevada tax benefits
    No personal income, corporate income, franchise income, estate or gift tax.
    Lots For Sale
    Priced from about $450,000 to $650,000.
    Homes For Sale
    Priced from about $1 million to $1.7 million.

    Send Me Information

    Real Estate Listings
    at Parc Foret at Montreux
    Showing 1 to 6 of 8 Listings | Show All

    20665 Parc Foret Drive
    Reno, NV
    $1,330,000
    4,382 Sq Ft
    3 Bedrooms
    3 Full Baths
    1 Half Bath

    20588 Chanson Way
    Reno, NV
    $1,420,000
    4,239 Sq Ft
    4 Bedrooms
    4 Full Baths
    1 Half Bath

    20640 Parc Foret Drive
    Reno, NV
    $1,375,000
    4,239 Sq Ft
    4 Bedrooms
    4 Full Baths
    1 Half Bath

    20611 Chanson Way
    Reno, NV
    $1,425,000
    3,962 Sq Ft
    3 Bedrooms
    3 Full Baths
    1 Half Bath

    20612 Chanson Way
    Reno, NV
    $1,700,000
    4,889 Sq Ft
    4 Bedrooms
    5 Full Baths

    20700 Parc Foret Drive
    Reno, NV
    $1,400,000
    4,407 Sq Ft
    4 Bedrooms
    5 Full Baths
    1 2
    Next >
    Show All 8 Listings
    Prices subject to change. Void where prohibited.

    Like

    • Shawn,T. says:

      Hello,
      The comparison with the Montreux community is poorly chosen comparing apples and oranges.

      At Montreux for a monthly HOA fee of about $ 200 you get well maintained paths to walk on through well maintained landscape: here for about the same money we get crumbling side walks, and we look at rocks, dirt, weeds, and irrigation hoses.

      The Montreux golf club members recently chose to purchase their Golf Club. In the past as well as now, in order to partake in the amenities, the non golfers can choose to become a member by buying a membership. A social membership is $ 3500 membership fee and $ 100 per month. If you choose to become a sports member you have to pay $338 a month and $16500 membership fee. The key difference is: everyone – golfers and non golfers – have the option to choose. If the ACHOA buys our golf course from the FOA some of us would be deprived of our freedom of choice and would have to become mandatory/involuntary members.

      Also, let us not forget that our current HOA fee is already higher by about $ 100, since the HOA has broken its promise to reduce it back to the baseline fee once our Reserve funds are funded.

      So, as far as I am concerned: I am already paying $ 100 a month to walk on our paths, go to the gym or swim in the pool. Any gym membership would be cheaper and I would like to also be able to choose where I want to go for dinner.

      Like

  2. George Nastor says:

    Property values? My only concern is selling my home here in AC. According to Zillow my house has depreciated over $400K. A Realtor tried to impress me, by email, that my house was worth an extra $15K above Zilllow as a starting point in negotiation. When are we going to let only millionaires in?

    Like

  3. Ron Duncan says:

    ACHOA Board,

    The response to question #1 is already understood and is also covered by NRS82.

    As for your response to question #2, your actions are certainly not justified based upon the approved and posted minutes for the August 14 Board meeting. In fact, repeat fact, there is absolutely no mention of any controversy regarding the ACCC presentation. It is true that during the December presentations by the Concerned Neighbors of ArrowCreek questions of the value added by a golf course in a community were indeed raised. However, referencing conversations that are undocumented, leads one to question the integrity of the elected officials. By-the-way, if a study is done, I would hope it compares prices for Saddle Horn and St. James properties to those of ArrowCreek. That would definitely be a meaningful comparison.

    Question #3 was indeed raised by myself during the most recent campaign for the Board of Directors. It was done so to let the community know how out-of-touch the ACHOA Board had become with the residents and investors. I’m pleased to see the Board recognizes that and is attempting to do something about the disconnect. However, a less expensive way would be for The Board to be composed of ALL neighborhoods or to hold meetings in those neighborhoods at times more appropriate to working families.
    Thank you for your responses, let the dialogue continue!
    Ron Duncan

    Like

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