ROIA

The River Oaks Improvement Association, or ROIA, is the homeowners association of River Oaks. Its primary function is to maintain the Common Areas in the subdivision. These consist of approximately four acres of open grassy areas that double as storm water detention areas for heavy rain run-offs.

ROIA Annual Assessment

$180 for Fiscal Year 2017/18, payable in quarterly installments of $45 each, due on March 1, June 1, September 1, and December 1. Send payments to: River Oaks Improvement Association, P.O. Box 144, Warrenville, IL 60555.

Board of Directors Meetings:

The Board of Directors meets every other month. The time and location of the meetings are posted on the News page of this website. Homeowners are welcome to attend any of these meetings.

Annual Meetings:

Each year the Annual Meeting of the ROIA homeowners association is held at the beginning of March. At this meeting, directors are elected for two-year terms. All homeowners are encouraged to attend this meeting. Voting is open to all homeowners who are current with their dues.

Minutes of ROIA Board Meeting
January 11, 2018
(Provisional, awaiting Board approval)

 

Board Members Present:  Susan Price, Rick Deist, Jim Berg, Linda Saxton, Becky Christiansen
Absent:  Sandi Gorski, Erik Poulsen

Susan called the meeting to order at 7:10 PM

Secretary’s Report:   Minutes of the previous Board meeting were approved.

Treasurer’s Report: As of 1/11/2018 the total assets $20,834.11. One lot still owes for Q4 of the previous fiscal year. One lot owes for Q1, four lots for Q2, nine lots for Q3, and 14 lots for Q4 of this fiscal year. An initial letter regarding these late fees for those homeowners behind two quarters is sent, followed by a certified letter if no payment is made. If a homeowner has/had a hardship, then late fees can be waved once the balance of assessments have been paid. The annual compilation has been received from the accountant, whose firm’s name has changed since last year’s compilation. The Treasurer’s Report was approved.

Landscaping:  There is one more year left in the current landscaping contract, so landscaping and grounds keeping costs should be unchanged this year. This is the third year of three-year contract.

Old Business:

Gate Discussion – The contractor contacted for an exact estimate on installing a security gate across the southern entrance sidewalk will not be available until after a spring thaw.

New Business:

Annual Meeting – The Annual Meeting of River Oaks homeowners is scheduled for Tuesday, February 20 at 7 PM. Linda is investigating a public location here in Warrenville where the meeting can be held, including the library, the park district, and city hall. Becky will check with several homeowners who have been suggested to fill the vacancy on the Board.

The proposed budget for the next fiscal year 20118/19 was discussed. The annual assessment will remain unchanged from the previous year at $180 per household per year, $45 per quarter. The difference between the expenses and the assessment income will come from the cash reserves. These are the same numbers as used last year, with one addition. There is now a $4,000-line item in the budget for the proposed security gate.  The budget will be voted on at the Annual Meeting.

Income

 

 

Assessments

11,520.00

Total Income

11,520.00

 

 

Expense

 

 

Annual Meeting

60.00

 

Electric

288.00

 

Entertainment

250.00

 

Insurance

600.00

 

Landscaping and Groundskeeping

9,440.00

 

Newsletter & Website

90.00

 

Office Supplies

20.00

 

Postage and Delivery

 

 

PO Box

46.00

 

Postage

51.00

 

Professional Fees

 

 

Annual Compilation

250.00

 

Property Maintenance

 

 

Drainage Remediation

5,000.00

 

Common Area Upkeep

1,270.00

 

 

Security Gate

4,000.00

 

Total Property Maintenance

10,270.00

 

State Corporate Fees

10.00

Total Expense

21,375.00

 

 

Net Income ***

-9,855.00

 

 

 

*** Deficit to come from cash reserves

 

Meeting adjourned at 8:12 p.m.

Respectfully submitted
Becky Christiansen, Secretary

By-Laws

Declarations

Minutes, Newsletters, Homeowners Directory and other ROIA documents are available HERE for registered homeowners only.
Board Of Directors:
  directors@riveroakshome.org
     
Director
  Susan Price
president@riveroakshome.org
   
Director
  Erik Poulsen
vp@riveroakshomes.org
   
Co-Treasurer
  Rick Deist
treasurer@riveroakshome.org
   
Co-Treasurer
  James Berg
treasurer@riveroakshome.org
   
Director
  Linda Saxton
entertainment@riveroakshome.org
   
Director
  Sandi Gorski
entertainment@riveroakshome.org
   
Director
  Becky Christiansen
secretary@riveroakshome.org
   
Additional Contacts:
   
     
ROIA Mailing Address:
  River Oaks Improvement Association
PO Box 144
Warrenville, IL 60555
   
ROIA Registered Agent:
  Marilyn Hayes
2s465 River Oaks Drive
Warrenville, Il 60555
   
Web Site:
  Becky Christiansen
webmaster@riveroakshome.org