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Monday, April 2, 2012
News from your followed places in Houston
Tuesday, March 27, 2012
Greetings everyone!
I need your help. Since many homeowner requested news about happenings on our block, I have connected our blog to everywherehouston.com. The result is a weekly listing of lots of happenings, from restaurant reviews to security incidents. I am mostly interested in your perception of the content of the posts and how you think the posts relate to OUR community.
Please note: I cannot do anything about the color of the font of the posts, as I do not regulate that.
Thanks for visiting the blog!
~ Omah
BOD Assistant Secretary
I need your help. Since many homeowner requested news about happenings on our block, I have connected our blog to everywherehouston.com. The result is a weekly listing of lots of happenings, from restaurant reviews to security incidents. I am mostly interested in your perception of the content of the posts and how you think the posts relate to OUR community.
Please note: I cannot do anything about the color of the font of the posts, as I do not regulate that.
Thanks for visiting the blog!
~ Omah
BOD Assistant Secretary
Monday, March 26, 2012
News from your followed places in Houston
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Wednesday, March 21, 2012
Important Notice to Owners
RE: Insurance renewal
Dear Owners at 2001 Bering Drive
A one time additional monthly fee of $185.00 per household will be due by April 15th so that the association can pay for the renewal down payment on the insurance. The total for the renewal of all policies will be based on an estimated renewal fee of $20,720. This represents an earned premium of 35% of the policy, as was discussed at the annual meeting; the previous insurance would have had to pay an escalated 85% earned premium plus a 30% increase in the policy fee. Our insurance advisors were able to get better coverage at less the rate for 2011 and will do the best possible for 2012.
In 2011 it was necessary for the association to spend much more than was originally budgeted
on foundation work throughout the property, due to the drought; this has strained our
resources since we are also paying off the construction loans for the renovation. 2012 has
already started out with enough rain to cure the drought issues with the ground for this year so
it should not present an issue next year.
The Board did not want to ask for an increase in the monthly fees but they are forced to ask for
this one time additional fee from each owner to secure insurance for this year. We are still
shopping the insurance for the best possible coverage but it could be slightly higher since there
were hurricanes after we got the insurance last year. In any case it is not expected it exceed
$20,720.00 anything less will go into the reserves.
2001 Bering is looking good, the loans are being paid down and once they are paid off we will
be able to build our reserves up quickly. Once we have replenished our reserves, we will look at
the possibility of actually lowering the maintenance fees.
Please send a check made payable to 2001 Bering Drive Homeowners Association, Inc. to:
Prestige Property Management L.L.C.
1219 Durham Drive
Houston, TX 77007
THIS PAYMENT IS DUE: APRIL 15TH.
Your cooperation is greatly appreciated in this matter.
2001 Bering Board of Directors
RE: Insurance renewal
Dear Owners at 2001 Bering Drive
A one time additional monthly fee of $185.00 per household will be due by April 15th so that the association can pay for the renewal down payment on the insurance. The total for the renewal of all policies will be based on an estimated renewal fee of $20,720. This represents an earned premium of 35% of the policy, as was discussed at the annual meeting; the previous insurance would have had to pay an escalated 85% earned premium plus a 30% increase in the policy fee. Our insurance advisors were able to get better coverage at less the rate for 2011 and will do the best possible for 2012.
In 2011 it was necessary for the association to spend much more than was originally budgeted
on foundation work throughout the property, due to the drought; this has strained our
resources since we are also paying off the construction loans for the renovation. 2012 has
already started out with enough rain to cure the drought issues with the ground for this year so
it should not present an issue next year.
The Board did not want to ask for an increase in the monthly fees but they are forced to ask for
this one time additional fee from each owner to secure insurance for this year. We are still
shopping the insurance for the best possible coverage but it could be slightly higher since there
were hurricanes after we got the insurance last year. In any case it is not expected it exceed
$20,720.00 anything less will go into the reserves.
2001 Bering is looking good, the loans are being paid down and once they are paid off we will
be able to build our reserves up quickly. Once we have replenished our reserves, we will look at
the possibility of actually lowering the maintenance fees.
Please send a check made payable to 2001 Bering Drive Homeowners Association, Inc. to:
Prestige Property Management L.L.C.
1219 Durham Drive
Houston, TX 77007
THIS PAYMENT IS DUE: APRIL 15TH.
Your cooperation is greatly appreciated in this matter.
2001 Bering Board of Directors
News from your followed places in Houston
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