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Your Management Team:
Ted Parenti, Manager, email@example.com
ABOUT HOLSTON MEADOWS
Within the city and county of Durham, Holston Meadows subdivision is a 54-unit townhome community along Horton Road, just east of Guess Road and west of N. Duke Street. With street addresses of Holston Drive, Red Ash Circle and Marne Avenue, the community association was incorporated in 2001, and the homes were built in the early to mid-2000's. 27 duplexes compose the 54 homes in Holston Meadows, and the zip code is 27704.
Quarterly board meetings are held by the community’s three-person board of directors. The last Annual Members Meeting took place on Thursday, November 15th, 2017 at Durham Public Schools Staff Development Center, 2107 Hillandale Road, Durham. At each annual meeting, one board-members’ 3-year term expires and elections are held. The new board of directors then determines who will fill the positions of President, VP, Secretary and Treasurer. Meetings are open to all members who wish to attend, however, advance notice of at least 24 hours is required to ensure sufficient meeting space. 2018 meetings will be scheduled soon.
2018 dues are $90 per month and there is a working capital fee of $270
(3 months of dues) charged to the buyer upon the purchase of each home.
Late fees of $20 are charged on accounts that have not been paid by the end of the month.
As a reminder, the association is NOT responsible for exterior repairs or maintenance to the townhomes. While a 2015 inspection indicated the community’s roofs to be in good condition, owners should remember to save for such future expenses, like a roof replacement, which would cost approximately $4,500 to $6,000 (per individual townhome) in today’s dollars. While the roof may not need to be fully replaced until it is 25+ years old, keep in mind that your roof should be inspected by a professional roofer every couple of years to prevent leaks. Some of the most common problems with asphalt shingle roofs are nail pops, wind or hail damage, cracked vent boots, cracked shingles, etc. Due to year-round sunshine, the south-facing sides of a roof will age faster than the north-facing sides, and particular attention should be paid to those areas.
While gutter-cleaning and power-washing is each owner’s responsibility, the board of directors does try to have these services performed on an annual basis at the association’s expenses...as long as funds are available to do so. If your home requires more frequent gutter cleaning or your siding becomes visibly moldy or dirty, owners should perform that maintenance at their own discretion or hire a qualified vendor.
According to the bylaws, the corporation (HOA) was organized for the following purposes:
For Certificates of Insurance or other insurance-related information, email Meredith Tysor, mtysor@CraftInsurance.com, with Craft Insurance, or call her at 336-217-9259.
NOTICE OF RIGHT TO VOLUNTARY MEDIATION
Pursuant to Section 7A-38.3F of the North Carolina General Statutes, all members are hereby informed that you have a right to initiate mediation pursuant to the terms of the statute to try to resolve a dispute with the Association. Both the homeowner and the Association must agree to mediate the dispute, and each side is responsible for splitting the cost of the mediation, including payment of a professional mediator. The mediation process is an opportunity to reach an agreement to resolve a dispute – neither side gives up their right to go to court to have a judge resolve the dispute if the parties are not able to reach an agreement through mediation. The specific process to initiate voluntary mediation is outlined in Section 7A-38.3F of the North Carolina General Statutes.