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.
In 2014, construction began on the renovation of the pool area clubhouse and cabana. Homeowners now enjoy a fully appointed clubhouse with a well equipped kitchen, cozy outdoor seating areas with a fireplace, and plenty of room for events. The Board of Directors continue to look for ways to improve the recreation area facilities.
In 2012 renovation of the backgate area was completed. This included pilasters, a center street island and new landscaping.
2017 saw the completions of putting green and bocce ball court in one of the Association’s many Miniparks. Homeowners can now practice their putting stroke, bring the family together for a friendly bocce competition, or simply sit and enjoy the show under the shade of the pergola.
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. Since that time, over 1,000 trees and plants have been installed on the slope above Camino de los Mares.
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.