Feb 2, 2109 Annual Owners Meeting Slide Presentation

Roll Call
Approval of minutes – anticipate discussion of timing of the minutes – this is how it has always been done, no directive in the bylaws, management agreement, or rental agreement – happy to change the mechanism
Election of – Lynn Phillips for member of the board and Secretary; Election of Chris Markham for member of the board

Currently one agreement Condominium Management - Focused on management of a HOA
No umbrella rental agreement - everything set forth as individual owner - There is no option to modify any rental agreement
Individual agreements are with the Manager running the front desk- no group decision making
No designation of the Manager beyond the front desk which could allow for other management services to utilize facilities
The goals of this process include:
be more up to date than the 70’s,
be transparent so we can clearly understand and control what we’re paying for and why
align SB & Owners interests in the way where costs and revenue are shared

Current Activity Includes:
Cleaning up the cost splits between SB & Owners to
Have found a number of things that made no sense to either Snowbird or the HOA – bringing it up to date from the 70’s,
Working on effective wording to enhance transparency so we can clearly understand and control what we’re paying for and why
align SB & Owners interests in the way costs and revenue are shared

We will be asking all participants in the rental pool to sign the new agreement in May of 2019
If a rental pool participant chooses not to sign the new agreement they continue to participate in the rental pool until their current agreement expires (which for everyone is over the course of the next year)
If you are not signing the new agreement you will not be able to participate in the financing of the new bathrooms since we would have no legal oversight of your units

Fireplace replacements 2019 - Likely move out to 2021
Carpeting
Window treatments - Ongoing
Refinishing the woodwork throughout - 2mil savings, saving a better product - Done
Fund as much of the bathroom redo as possible with Furniture Reserve - reduce the amount of any additional assessment
Technology upgrades - Internet; appliances; TV's
Bathroom assessments to build for anticipated construction October 2019-2020 - goal of off setting bathroom assessment

For Viewing in PowerPoint format click the link below.