Developer POS Services
Developer POS Services
- Preparing the operating budget
- Procuring replacement reserve schedule from a Professional Engineer
- Procuring the budget letter of adequacy from a Certified Public Accountant
- Securing the insurance letter of adequacy from a qualified and experienced Broker
- Preparing the management agreement
- Preparing the maintenance chart of responsibilities
- Reviewing the governing documents
- Participating in development team meetings
- Create a custom strategic plan for opening new buildings and communities, well in advance of the actual start up.
Start Up Through Transition Management Administrative
- Organizing Meetings of the Association
- Establishing Organizational Resolutions
- Conducting Presentations and Attending Association Meetings
- Attending and Participating in Management/Developer Meetings
- Service as a Developer Representative to the Board of Trustees
- Coordinating the Annual Meeting Presentations and Agenda
- Running the Transition Election Process
- Leading the Association/Developer Transition Process
- Advising the Developer Beyond the Unit Owner Control Threshold
- Assuring Compliance with Open Meeting Requirements
- Developing Owner Handbook
- Defining and Establishing Committees
Financial
- Establishing a Collection Fee Policy
- Establishing and Segregating Various Funds-Operating, Reserves, Deferred Maintenance, Working Capital
- Advising on Fund Accounting Method Investing of Association Funds
- Guiding the Financial Report Presentation
- Identifying and Calculating any Developer Financial Obligations to Association
- Clarifying and Expanding upon P.O.S. Budget Expectations
Maintenance
- Identifying Unit Owners vs. Association Maintenance Obligations
- Distinguishing Maintenance Responsibilities between the Master Association and any Member Associations
- Obtaining Municipal Services or Reimbursement
Insurance
- Purchasing of Property, Liability, Fidelity, Broiler and Machinery, Flood, Workers Compensations, Directors and Officers
- Distinguishing between Owner and Association Insurance Responsibility
- Distinguishing Insurance Responsibilities between Master and Member Associations