Lake Village Townhomes
Board of Directors
- President: John Warnick
- Treasurer: Jared McGavin
- Secretary: Annie MacDonald
The purpose of a Reserve Study is to provide an educated estimate of the necessary reserve balance and allocation. The detailed scheduled will serve as an advanced warning that major projects will need to be addressed in the future and provide funding for those projects.
- Lake Village Townhomes Financials - June 2020
- Lake Village Townhomes Financials - May 2020
- Lake Village Townhomes Financials - April 2020
- Lake Village Townhomes Financials - March 2020
- Lake Village Townhomes Financials - February 2020
- Lake Village Townhomes Financials - January 2020
- Lake Village Townhomes Financials - December 2019
- Lake Village Townhomes Financials - November 2019
- Lake Village Townhomes Financials - October 2019
- Lake Village Townhomes Financials - September 2019
- Lake Village Townhomes Financials - August 2019
- Lake Village Townhomes Financials - July 2019
- Lake Village Townhomes Financials - June 2019
- Lake Village Townhomes Financials - May 2019
- Lake Village Townhomes Financials - April 2019
- Lake Village Townhomes Financials - March 2019
- Lake Village Townhomes Financials - February 2019
- Lake Village Townhomes Financials - January 2019
Maintenance and Landscape Information
Management and Maintenance of Townhomes
Note: The following information pertains to neighborhood associations that are managed by CCMC which manages most associations within the community. Not all neighborhood associations within Daybreak are managed by CCMC, check with your specific neighborhood association for details on their management and maintenance practices.
Many of the condominiums and townhomes in Daybreak feature additional benefits that may include exterior building and landscape maintenance that is managed by an HOA neighborhood association also referred to as a sub-association. All homes in Daybreak are part of the master homeowners association whose function is to manage and maintain all of the common areas for the broader community such as parks, pools, and community centers. They also enforce the community covenants as laid out in the governing documents. The sub-associations or neighborhood associations oversee maintenance for smaller groups of townhomes or condominiums, usually a few hundred, in a specific area of the community.
There is a robust inspection process in place designed to provide high-quality housing for all residents who are members of a neighborhood association.
During the Building Process
Each home is inspected by the city building department at several key stages in the construction process to verify that the home is built to the latest building code standards. Builders are required to remedy any inconsistencies discovered during these inspections prior to being issued a certificate of occupancy by the city.
On townhomes or condominiums that will be managed by the HOA, an additional layer of inspections are performed by a third party inspector on behalf of the HOA that includes photo documentation.
At the Completion of the Building
As previously stated, builders must correct any building code deficiencies that arise as part of the course of construction. Inspections will be performed by South Jordan City prior to receiving a certificate of occupancy.
After the certificate of occupancy has been obtained by the builder and the requirements of the Building and Landscape Transfer Agreement have been met, the neighborhood association will then schedule a 3rd party inspection, this inspection is similar to that of a home inspection of a property that is changing hands in a real estate transaction. Exterior elements that can include walls, windows, utility connections, and functionality are all thoroughly evaluated by the third party inspector with an eye toward quality construction. A report is generated from the inspection on each home, and the builders are asked to correct any remaining issues that come up as a result of these 3rd party inspections.
As part of the ongoing and preventative maintenance process, the association conducts regular inspections of the common areas and buildings and schedules maintenance and repair as needed.
Part of each homeowner's monthly assessments goes towards a reserve fund that is used for future long-term large-scale maintenance projects such as the painting of the exterior of the building, roof repairs and/or replacement, and other common exterior elements that are the responsibility of the neighborhood association to maintain.
Most home builders include at least a one-year home warranty that covers several interior and exterior elements of the home. If homeowners have a concern related to the construction of their home they should contact their neighborhood association management company regarding exterior items and their home builder if they have concerns about any of the interior elements of their home.
December 12, 2020
Register in advance for this webinar:
After registering, you will receive a confirmation email containing information about joining the webinar.
Lake Village Townhome Minutes - March 2019
The Annual Meeting is held at the end of a company's fiscal year, at a time and place designated in the bylaws. The Annual Meeting usually includes the following activities: Election of Directors whose terms are up for renewal, review of the corporation's annual report and discussion of new projects and activities.