Developer POS Services

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