Action Plan/Facts/Hurdles

PINNACLE POOL EXPLORATION COMMITTEE

Mission: To explore the possibility of building an accessible neighborhood pool for The Pinnacle

Facts:

1.       POA board has historically been against a pool but has never seriously explored the idea.

2.       According to POA, an environmental study was done and a pool is not possible in the quarry area due to its proximity to the aquifer.

3.       Approximately 250 properties in The Pinnacle

4.       POA dues = $125 per year

5.       Currently approximately $60K in bank account

6.       In order for any changes to be made to dues, or anything to be built in the neighborhood, 2/3 of ALL PROPERTY OWNERS would have to vote FOR it.

7.       Currently ALL neighborhood amenities are only easily accessible by Quarry Point via Hoffman Ln.

Hurdles:

1.       Funding

2.       Support of property owners (2/3 vote)

3.       Location (environmental impact, accessibility)

4.       Liability

Action Plans:

1.       Canvassing – contact each property owner to determine interest/support level

a.       Develop short questionnaire (also collect contact info – could be used for directory?)

b.      Recruit committee members/helpers

2.       Research –

a.       Come up with wish list – (best case and lowest-budget scenarios)

b.      Contact pool companies/contractors, etc…to get bids and determine approximate costs to build

                                                               i.      Utilize property owners’ expertise/knowledge/experience

c.       Contact other POAs to ask what their building/maintenance costs are

d.      Determine liability issues and how to overcome them (attorney? Insurance company?)

e.      Comparable neighborhoods, properties sold, price per square foot. Do neighborhood amenities have an impact?

f.        Contact other neighborhoods to ask how they funded amenities. Memberships? Stocks?

3.        Explore Funding Options –

a.       Raising dues

b.      Assessments

c.       Cost threshold for property owners

d.      Sell memberships – invite other neighborhoods, make it public

                                                               i.      Rolling Oaks, Country Hills, etc…

e.       POA transfer fees – one of the only neighborhoods that does not charge this (typically $100-$200)

4.       Location –

a.       Does an environmental study exist? Ask to see it.

b.      Make quarry more easily accessible to the neighborhood.

                                                               i.      Easements? Bike paths?

c.       Lots currently for sale.

d.      Empty lots – contact owners.