October 2008

Drummer Farms Gazette

Bimonthly Vol. III No. 5 October 2008

Pool Closing
The pool closed on Monday, September 29th. We hope that you enjoyed the use of the pool over the summer.
Annual Meeting

The Drummer Farms Condominium Annual Meeting is scheduled for Thursday, November 6, 2008 at the Raymond Gray Jr. High School in Acton. Keep your eyes open for the information package, which will be mailed to all unit owners a few weeks before the meeting.

The package will include the proxy statement, absentee ballot and a nomination form. If you will be unable to attend the meeting, PLEASE make sure to return your proxy, as we need to establish a quorum.

If you or someone you know is interested in becoming a trustee, please call Alpine for more information.

The annual meeting is a great opportunity to meet your neighbors, Trustees and representatives from Alpine. Many items of interest will be discussed at this meeting.

Recycling/Dumpster Service

Allied Waste Services is scheduled to empty the recycling bins each Friday. The dumpsters are emptied on Tuesdays, unless there's a Monday holiday. Please call Alpine if you notice that they have missed a pickup.

You can also help prevent overflowing of the dumpsters by breaking up large boxes before discarding them.

Next Trustee Meeting
Thursday, October 23, 2008
6:00 PM
At Alpine’s Office

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

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

Profit / Loss Statement
Revenue $ 164,559
Expense 125,996
Plus YTD Transfers:
Working Capital 11,000
Contingency 4,900
Res. for Replacement 16,666
Profit (Loss) $ 5,996

Balance Sheet
Checking $ 13,897
Working Capital 13,102
Contingency Account 18,722
Reserve 47,674
Total $ 93,395

Non-Operating Expenses
Capital Improvements $ 9,875
Working Capital Exp. 4,467

Hot Water Heaters

When a water heater bursts, it will discharge water until the supply is stopped. Therefore, the water valve must be turned off immediately to minimize the extent of the damage. Make sure you are familiar with the emergency instructions for your water heater and know the location of your water shutoff valve. Additionally, you should check the expiration date of your warranty and may want to consider replacing the water heater if the warranty period is almost up or if you notice rust in the water.

Also, you can purchase a water leak detector alarm from your local hardware store or Home Depot for about $15.00 to $20.00. The alarm will alert you at the first sign of leakage and may help to minimize damages. Remember – water heaters do not usually last long after their warranty period! Replacing an old water heater now can save you the cost and headache of repairing major damages from a burst tank later!

Water Spigots

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. Any broken spigots that were not properly winterized will be the unit owner’s responsibility to repair in the spring.

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

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

That's the news from Drummer Farms.