2nd Quarter Newsletter Edition-2019
Dear Ashley Marina HPR Member:
This newsletter has been posted online to myashleymarina.com.
Regime Fees for 2019: Your Board approved a 5% increase in our 2019 regime fees. Significant increases in expenses were budgeted for property & peril insurance and for installation of a new Wifi system.
Cash: As of 3/15/19 our total cash and cash equivalents are $1,482,422 of which $46,766 is Operating, and $1,435,656 is in Wells Fargo Money Markets. Reminder: $515k of reserves has been set aside for future dredging.
Accounts receivable of delinquent regime fees are:
$ 0.7K 0-30 day category
$ 0.6K 30-60 day category
$ 16K 60-90 day category
$ 24K greater than 90 days and in collection status (liens and Small Claims Court actions in process)
If you are one of the above individuals, you need to address your financial responsibilities immediately!
Jetdocks: The Board has approved installation of floating jetdocks. Anyone interested, please contact the Board for details. email@example.com
Dredging and update: We are exploring dredging type options to avoid further environmental and permitting costs. The government decided to require soil sampling with which comes with high costs. A more environmentally friendly clamshell process called an “environmental bucket” is being investigated to avoid these extra costs.
Dock Replacement: The Board has begun a study to determine the useful life of our current dock and it’s replacement cost. We expect to have this completed soon, and get this information out to all owners. Please be aware that we are not properly funded at this time.
Parking Lights: We are working to correct the lighting in the parking lot so it is adequately lit.
Ladders: Emergency ladders are on order and we hope to have them installed shortly. Please remember there is NO swimming around the marina. Theses ladders are for emergency purposes only.
Restroom: The Board is working with AMH regarding opening the 1st floor bathroom.
Rules & Regulations Reminders:
Enforcement of Marina Rule and Regulation # 4: VESSEL CONDITION: “All vessels must be maintained in working order and in good operational condition. Vessels shall be kept clean and slightly. The Association manager shall have the right to have any un-kept, unsightly vessels repaired and/or cleaned (including corrosion), at the slip owners expense.”
Standard Lease and our Rules and Regulations: All slip owners that rent/lease their slips are reminded that our standard lease requires a strict adherence to all our Rules and Regulations. Our marina staff works with all tenants to ensure their awareness and their compliance. However, once staff notifies the tenant and the tenant continues to non-comply with our Rules and Regulation, this then results in non-compliance fees to the slip owner, and can lead to the eviction of a tenant for continual non-compliance. Please ensure that before any tenant signs a lease, he has read and fully understands all our Rules and Regulations. Our standard lease and our Rules and Regulations are all posted on MyAshleyMarina.com.
Live aboard moratorium: Effective 1/1/16 a moratorium is placed on our live-aboard program and no NEW live-aboards will be allowed at the Harborage at Ashley Marina. A live-aboard is classified as: Any individual that occupies a vessel more than any 10 days during any 30 day period, and/or consistently habitats on a vessel for 3 or more calendar months. Personal circumstances may be allowed but only with marina staff approval, for example: boat owner vacationing on their vessel. The live-aboard moratorium does not apply to slip owner’s living aboard their personal vessels. Anyone in violation will be subject to a $275.00 monthly non-compliance fee to the slip owner, and revocation of any parking pass.
Any questions or issues can be directed to our marina staff at 843-722-1996, or Staff@AshleyMarina.com