MVF October Board Meeting recap

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by Mike Conroy

At the October 25 Montgomery Village Foundation (MVF) Board of Directors meeting, updates to park and facility use policies were made, expanding the offerings for residents.

Stemming from findings from the Recreation Strategic Plan, the Procedures for Private Use of Facilities was updated to include the availability of Whetstone Community Center as a rental facility during the months of the year that the Whetstone Pool is not in use. Fees and cancellation procedures were also updated with this policy change. All changes to this policy, including the ability to rent Whetstone Community Center, will take effect beginning Tuesday, Jan. 1, 2019.

The Board also approved changes to the MVF Park Use Policy Rules and Regulations. General changes to this policy included updating the offerings at current MVF parks and other housekeeping language. Additional changes were approved extending the timeframe that residents and non-residents can rent picnic pavilions at Apple Ridge Recreation Area and Hurley Park; the pavilions are now eligible for rent from April 1 to October 31each year. Finally, as part of the Park Use Policy, the hourly field rates were updated to reflect the changes recently finished at South Valley Park. The increased fees will help offset the higher maintenance costs for the new fields, and are in line with other area recreation fees for similar facilities.

Other Agenda Items
The Board adopted the 2019 Budget, set the 2019 MVF and Designated User (DU) assessment rates and authorized the Executive Vice President (EVP) to purchase assessment coupons. Due to cost savings in 2018, the MVF fee will not increase for 2019; the DU fee will increase $2.05/month as expected in the draft budget. The full adopted budget can be found online at www.montgomeryvillage.com.

President’s Remarks
Board President Glenn Gargan thanked Vice President Pete Webb for representing the Board at the Great Pumpkin Race, noting he was unable to attend, but was assured he missed a fantastic event. Gargan also reminded residents that Tuesday, Nov. 6 was Election Day, and encouraged all to exercise their right to vote.
 

EVP Report
Executive Vice President Dave Humpton relayed information from the community meeting that Monument Realty held earlier in the month regarding the development of the former golf course property. Humpton said Monument is partnering with a conservation group to improve the stream valley park, and groundbreaking is still expected in mid- to late-2019, with homes likely coming in 2020.

The EVP also noted that he attended a recent meeting with a tenants’ group from Cider Mill Apartments, hosted by County Councilmember Craig Rice. At the meeting, residents discussed concerns about how to improve services at the complex. Humpton reported the resident sentiment was positive, but they wanted to be active in making changes.

Finally, Humpton said that the RFP for the North Creek Pool renovation would go out in November, with the hope of presenting plans to the Board in April or May 2019.

Treasurer’s Report
MVF Treasurer Bob Carey gave the financial report for both year-to-date (YTD) and the month of September, noting MVF continues to maintain a solid financial position. Carey said that $8.1 million of its $18.2 million total assets are in cash and investments.

He reported that overall YTD, MVF remains favorable to the budget, mainly due revenues from the Capital Contribution Fee and camps and classes. Invest income and Village News advertising revenue remain unfavorable to the budget. However, personnel and operating costs were reported as lower than budget, helping keep the budget balanced.

Carey also noted that the current delinquency rate is at 6.7%, marking seven consecutive quarters below the 8% mark.

Next Meeting
The next MVF Board of Directors meeting is scheduled for 7:30 p.m. on Thursday, Dec. 6 in the North Creek Board Room, 20125 Arrowhead Road. The meeting begins promptly at 7:30 p.m. with Residents Time. Residents are invited and encouraged to attend. The meeting agenda and information packet will be available online at www.montgomeryvillage.com the week of the meeting.