THE RED PILL

 

A Project of Free Speech

Join the Hidden Valley Lake Free Speech Group on Facebook

Stay Informed

 

 

HARTMANN COMPLEX

&

COMMUNITY CENTER

 

SPACE

 

CONCEPTUAL DESIGN JULY 13, 2013

HARTMANN FACILITY

AIRIAL VIEW 7-23-13-450.jpg

 

CONCEPTUAL DESIGN AUGUST 16, 2014

HARTMANN EVENT CENTER

 

AIRIAL 8-14-450.png

 

FLOOR PLAN 7-13-450.jpg

 

FLOR PLAN 8-14-450.png

 

July 26, 2013 ·  MEETING

 

As Chapman’s first slide, “Money” brought the 130+ members back to the seriousness of the evening. He carefully went through the three methods of funding the project: Cash, Special Assessments and Loans, dispelling rumors with statutes that assessments levied could total anything more than $120 annually without a member quorum of at least 50% and a positive vote for something higher.

 

Addressing the rumors that banks would require members’ property as collateral, or buildings or other common areas as collateral, Chapman assured members that the only collateral required was Association assessments. “The Association has borrowed money previously for special projects,” he said, “$2 million in 1998 to repair roads, $800K to rebuild portions of the golf irrigation, and $175K to buy solar bees for the lake.” He added that all these loans were repaid in 8, 6, and 3 years, respectively. However, the issue of “what can we afford?” hung in the air until his slides showed the limits and the word ‘diet’ came later from both the architects and him.

 

Within our existing budgets—from current assessments—the limit is $6-$8 million. Chapman broke it down: $3 million sitting in current cash plus a loan of $3-$5 million loan. “The debt service will be $370K-$600K per year, or 4.5% to 7.5% of our current budget,” showing how it would be paid from the annual $600K Capital Improvement Fund (CPI). Subtracting the debt service from the CPI leaves a balance for other projects depending on the size of the loan. A $5 million loan uses all of it. In all scenarios, Chapman said, a project of $6-$8 million would not raise assessments from the current level.

 

The main issue for the board, said the GM, is whether they want to do the project now and how much to borrow. With a stable operating fund, assessment collections trending up and bad debt allowance trending down, the fund has contributed over $1 million to the Reserves and the Capital Improvement Funds. With interest on a $3 million loan ($70K/yr. = $700K/10 yrs.), construction costs (averaging 2.4%/yr.) a $6 million project would cost $6.9 million in 6-7 years, the amount of time it would take to save $3 million just to pay for it in cash. That means it would cost $200K more to save and build later than to borrow and build now.

 

Williams+Paddon architects then presented slimmed-down versions of the project’s two facilities. The August 17 Community Forum designs will reflect the members’ input from this meeting.

 

 

Inge Rankin

November 14, 2014

HVL Forum Group

 

“The update on the proposed Hartmann Complex at last evenings Board meeting left me speechless. Our 8,000 square foot restaurant/golf complex has now grown to a 12,100 square foot “Event Center” Our dues are not intended to be venture capital for public business ventures.”


“The construction of a 12,100 square foot event center, with specific design features to include a public wedding venue cannot, even under very broad interpretation be viewed as a replacement for the existing Hidden Valley Lake Restaurant and pro shop. This is a capital project that should be approved by the membership if it is to go forward.”


“To date the Board has not presented a financing plan for this construction to the membership. Our capital Fund is projected by the Finance Committee to have a balance of a little over one million dollars at the end of 2014. Our Reserve Fund has some deferred maintenance for the Hidden Valley Lake Restaurant that could be applied to this project. The sum of available monies from these two funds is not likely to exceed 2 million dollars unless some very creative accounting takes place. Earlier this year the architect quoted a $5 million dollar price tag for a 10,700 square foot building, not including permits, furnishing and much of the landscape work.”


“The balance needs to come from somewhere. The two options I am aware of, are special assessments and/or loans. This is where our By-laws would kick in, the infamous 11.05 which states:”

“The association shall not incur debts in excess of five percent (5%) of the amount of the total regular assessments per year for the purchase of real or personal property, the issuance of bonds or debentures, or the mortgage of any of its property without the prior vote or written consent of two-thirds (2/3) of its members entitled to vote”.

 

 

SPACE

 

CONCEPTUAL DESIGN JULY 13, 2013

HARTMANN FACILITY

 

 

AIRIAL 7-13.jpg

FLOOR PLAN 7-13.jpg

 

 

CONCEPTUAL DESIGN AUGUST 16, 2014

HARTMANN EVENT CENTER

 

 

EVENT CENTER BY POND 8-14.png

FLOR PLAN 8-14.png

 

CONCEPTUAL DESIGN JUNE 19, 2013

COMMUNITY CENTER

SPACE

COMMUNITY CENTER.jpg

 

SCHEME 1A TEEN CENTER

 

COM CEN FLR.jpg

 

SCHEME 1B FOOD & BEVERAGE

 

COM CEN FLR 2.jpg

 

HOME

 

 

http://ctr.andale.com/cgi-bin/honesty-counter.cgi?df=gen.7628948.00004
Free counters provided by Andale