2022 Revitalization Project
The ballots have been counted. The association received 106 ballots out of a possible 166. The results were 48 Yes votes and 58 No votes. The No votes have the majority, the project as proposed will not move forward.
The Board would like to thank the members for participating in the vote. This feedback is important to the community. The Board will be meeting again at the regular General Session scheduled for December 15th, 2022 to discuss next steps.
Click here to view the recording of the meeting and ballot counting on Youtube
Click here to download the election report
Please join us at the Villeurbanne Club House to count the ballots for this project November 30th, 2022 at 6:00 PM.
You may also submit your ballot by mail.
You can also join us via Zoom online conference: https://powerstonepm.zoom.us/j/84243140910
Meeting ID: 842 4314 0910
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Meeting ID: 842 4314 0910
Find your local number: https://powerstonepm.zoom.us/u/keD6fMbkk9
The Stream House Board of Directors is proposing a revitalization project for our community. The project includes:
- Re-roofing all 166 units, 52 buildings
- Repairing failing balconies
- Replacing asphalt in parking areas
- Replacing concrete walkways
- Stream cleaning and maintenance
- Financial deficit recovery
The estimated budget for this project is $3,341,461.28, which exceeds the Association’s current reserves. To move forward, this project requires community approval at an estimated cost of $20,129.28 per unit. The HOA has pre-approval for a 15 year loan that would be repaid at an estimated $178/mo per unit. Owners will have the option to pay all at once or on a monthly basis if the vote passes.
The Board believes we must act now to prevent further damage to the community, costly repairs, and permanent increases to the regular monthly assessments.
Please see the materials below for more information.
- 1st Town Hall meeting video recording
- 1st Town Hall slideshow presentation
- 2nd Town Hall meeting video recording
- 2nd Town Hall slideshow presentation
- Bank Loan Comparison
See follow up 2023 Revitalization Project