December 2008

Drummer Farms Gazette

Bimonthly Vol. III No. 6 December 2008

Happy Holidays

Alpine’s office will be closed in observance of the upcoming holidays:

Thanksgiving Nov. 27th & 28th
Christmas Dec. 25th & 26th
New Year Jan. 1st & 2nd

Our 24-hour answering service will dispatch our on-call staff for all emergency calls.

All of us here at Alpine wish you and your family a very happy holiday season!

Annual Meeting

The Annual Meeting of Drummer Farms was held on Thursday, November 6, 2008 at the Junior High School. 65.5% of the unit owners were represented by either proxy or in person. Thanks to all who attended.

Andrew Funk reviewed the 2008 accomplishments, which included the completion of the Verizon FIOS infrastructure, the painting of building B, and the replacement of several sets of entry steps while achieving the Board’s goal of staying within the budget. Jeff Bonvallat provided an update on the 2009 budget.

An election was held for the three open seats on the Board and David Garrod, Mary Ann Kundy and Lorraine Williams were elected. We would like to thank Jeff Bonvallat, Andrew Funk and Darra Sweetster for their services to the community.

Residents’ Corner

Welcome the following new owners to the Drummer Farms community:
Xiaobin Wu & Fangwen Chen #38-D
Matthew & Krista Mostoller 1-MH
Gary Shafner 7-MH

Next Trustee Meeting
Tuesday, December 23, 2008
6:00 PM
At Alpine's Office

Damonmill Sq.
Concord, MA 01742
Phone: (978) 371-9090 Fax: (978) 369-1951

Financial Summary
The following is a financial summary from April 1 through the end of October:

Profit / Loss Statement
Revenue $ 220,552
Expense 177,201
Plus YTD Transfers:
Working Capital 11,000
Contingency 4,900
Res. for Replacement 36,667
Profit (Loss) $ (9,216)

Balance Sheet
Checking $ 17,426
Working Capital 7,123
Contingency Account 13
Reserve 55,038
Total $ 79,601

Non-Operating Expenses
Capital Improvements $ 22,650
Working Capital Exp. 10,467
Snow Plowing

The Board awarded the snow plowing contract to Property Management Plus for the 2008/2009 season. Your cooperation is needed to make sure the snow removal process is effective.

A pathway will be made through the private roadways and the parking spaces and walkways will be maintained throughout the duration of the storm.

Residents should move their cars to the newly plowed area so the contractor can continue plowing your parking spaces. The contractor will also place sand barrels on the premises for residents' use.

If you have any questions or concerns regarding the snow removal, please call Alpine.

Preparing for Winter

Winterize your outside spigots to avoid burst pipes next spring. For units with outside faucets, first turn the shutoff valve in your basement to the “off” position. Then open up the outside spigot to drain out any water.

If you plan to be away for any period of time, be sure to keep your temperature setting at 55 degrees or higher in order to avoid any pipe freeze ups.

Sales Activity
Below is our current owner occupancy since last publishing:

Investor owned units 7
Owner occupied units 73
% of owner occupancy 91%

Two units have been sold since our last publishing:

Date Sale Price
9/30 J-03 $239,000
10/21 I-04 $233,000
11/07 I-02 $232,000

Happy Holidays! From the Board of Trustees and everyone at Alpine!

That's the news from Drummer Farms.