About the Reserve Account

A portion of the homeowner dues paid to the Piney Creek Maintenance and Recreational Associations is set aside each month in a reserve account for each association. These accounts are separate from the operating accounts that pay for the day-to-day operations of the associations such as management fees, legal expenses, utilities, landscape maintenance, and lifeguards for the pool. The reserve accounts fund the replacement, refurbishment, or renovation of assets such as the perimeter fencing and signage, major irrigation system components, landscape beds, swimming pool equipment, tennis courts, playground, and numerous other assets. These assets have a limited life expectancy and require large but infrequent expenses for replacement.

In 2009 the reserve accounts were used to fund numerous projects to replace fencing, renovate landscape beds, replace trees and perennials, and refurbish signage.

2009 Maintenance Association Projects

Fence Replacement

During the winter and spring 5247 lineal feet of fence along Joplin Way and Memphis Way were replaced and stained. In the late summer an additional 1506 lineal feet were replaced along Crestline.    — MORE —

Projects for 2009 included the renovation of several shrub beds at entrance monuments and one entrance island. Dead or missing shrubs and perennials were replaced over the entire property.    — MORE —

Renovated shrubs beds at Crestline and Buckley.

Renovated shrub beds at Mobile and Orchard.

Renovated entrance island at Crestline and Lewiston.

Added perennials to numerous center islands and beds.

• Memphis and Powers - renovated one wing wall area along Powers
• Crestline and Norfolk - renovated area along sidewalk on Norfolk
• Added lilacs (10) and ninebark (10) to large cobble area on Joplin
• Replaced dead trees in the Village filing 2 (South of Orchard)
• Warranty replacement of dead trees and shrubs

2009 Recreational Association Projects

Shrub beds at the flagpole island in the East park and adjacent to the clubhouse were renovated. Other areas throughout the Recreational Association property received a total of 97 new shrubs and 10 new trees.

Renovated clubhouse beds and flagpole area

Renovated island in the East park

Shrubs and trees replaced in various locations<