Cardinal Cove HOA

Cardinal Cove HOA

What does the Homeowners Association do for me?

Several homeowner have asked the question, “What does the Homeowners Association do for me and my home?”
Your homeowners association manages the common areas, including mowing and mulching, care for the entrance signs, insuring insurance coverage is provided on the common areas, oversees homeowner compliance with the covenants and restrictions, manages the annual budget, and manages care to the pond.
Some of the annual fees pay for these expenses and some are placed in a Reserve Savings Account for future major improvements.

The board members are all volunteer and work to serve the common good of the community. Board meetings are held quarterly, with an annual meeting held in January of each year.

If you would like to serve on the board in this volunteer capacity and become part of your community, please contact Nancy VanHooser at 317.558.5338.

Annual Meeting Recap

The Annual Meeting of the Cardinal Cove Homeowner’s Association was held January 23, 2008 at Lawrence North High School. Unfortunately, due to low attendance, a forum was not met, so a formal meeting did not occur.
In lieu of a formal meeting, the 2007 projects were reviewed with attendees, including new landscaping and irrigation systems that were installed.
Mike Davidson from Reserve Specialists, Inc. presented the multi-year reserve study for Cardinal Cove. This study outlines the time periods in which improvements will have to be made to the common areas of the community, and forecasts the related expenses. The annual dues for 2008 were increased to help meet the needs to fund our reserve to meet these forecasts. Specifically, two costly projects over the next few years will be dredging of the pond and the placement of rip-rap rock around the bank to prevent future erosion.
A copy of the reserve study is available to all residents. If you’d like a copy, please contact  Kirkpatrick Management—the number is 317.558.5338.