Sea Pointe Estates owners already enjoy four community parks and abundant grassy areas for families. Furthermore the board is investigating the addition of a fifth view park located on the highest view elevation in Sea Pointe.
During 2011 the front gate renovation project was completed below budget and within the scheduled time frame. In addition we finished replacing 47% of our street overlay, which began in 2006. This means that we have only maintenance reserve costs (slurring and asphalt repairs) facing the community for the next 25 years.
During 2011 the board authorized an additional budget item for landscape improvements. In 2011 alone each major street was embellished with new street trees and updated irrigation for each major street. In addition 200-300 shrubs were planted under the older eucalyptus trees as they begin to block view corridors.
In 2012 renovation of the backgate area was completed. This included pilasters, a center street island and new landscaping.
In addition excess funds from the reserves are being considered for a renovation of the exteriors of the clubhouse and pool buildings. If approved by the community, construction on this project will begin in the fall of 2013 and be completed in the summer of 2014.
We are financially strong with reserves that are over 100% funded. We have one of the lowest homeowner dues among 24-hour gated luxury communities in Orange County at $365 per month.
Of course, the money in the homeowners association's coffers belongs to those who own units in the community, and how that money is managed should be just as important to a buyer as the asking price.