Resident Manager's Report
April 2007
Sandy has arranged to have a crew of volunteers to assist the residents of Mapleton Park with yard clean-up on May 21, 06. We have talked to the residents on our list and have encouraged them to take part in this project.
Julie N. and Julie M. canvassed the park attempting to get signatures on the remaining leases. We had some success, but many residents were not at home.
The outside lights were out in the south east part of the park. We had a hard time, finding the offending spot. But with the help of the electrician, Enzo was able to dig up one small area and fix the problem. Also, the light a #176 had to be dug up and repaired.
We repaired the hole in the street at Mapleton entrance with blacktop. We have an area on the Roads in the north side of the park with numerous cracks and crevices. These areas probably need to be filled with tar to prevent further damage.
Enzo and Julie met with Xcel Energy regarding an area light near 35B.He estimated the cost would be approximately $2800 to install post and connect with electricity. Also there is not a suitable place to put this post within the boundaries of Mapleton Park. Enzo suggested running a line from the unused meter and installing individual lights or a single post to light up area.
The resident that requested a permit for a shed has decided she now wants a deck. We have the Home Improvement request for this deck.
We had two noise complaints from one unit. Sandy has sent them a letter regarding this issue.
The resident with requests for many extensions, for his expired license, now has a current permit. One vehicle has been ticketed for no license and resident has agreed to take care of the problem. If not it will be towed.
Two sewer cleanouts have been completed this month.
An additional vehicle was ticketed today for expired license and two flat tires. He has asked for two weeks to get his car licensed.
We have obtained two bids from plumbing companies to install a faucet in lot south of#l to allow us to water the two south lots.
Financial Report:
April 24, 2006
RE: Mapleton Mobile Home Park, March 2006 Financial Report
Financial Outline
Scheduled Rental: $ 45,034.00 Net Operating Income: $ 6,338.12
Total Income: $43,448.62 Total Operating Expense: $ 37,110.50
Net Income; $ 6,338.12
Total Liabilities and Capital $171,164.33 Total Lots 135
Summary of Operations
Enclosed is the March 2006 financial statement. Scheduled Rental Income was $45,211.00. The amount collected this month was $45,034.00. Actual Collection loss was ($1070.98). Total Operating Income for the month of March was $43,448.62, which was $2627.38 less than budgeted due to vacancy loss, late fees and net prepaids. The March operating expenses were $37,110.50, which was $7,153.50 more than budgeted due to taxes, snow removal, sewer and trash service. and the land trust fee.
The Net Operating Income for March was $6,338.12. Cash on hand was $143,999.71. Security Deposit reserve is $27,164.62 As of March 31, 2006 there were 17 residents with past due amounts. The total amount owed on these accounts is $29,818.58. Of these accounts 7 have balances of $1000.00 or more that are 90 days past due. Total due over 90 days is $18,014.37. This balance includes three residents whose rent structure is in dispute.
At this time, there are 5 vacant lots, one administrative unit and one unit occupied by the resident manager. All of these units are included in Total Lots of 135.