Terrestria Homeowner's Association - 2 Fox Meadow Drive, Sicklerville, NJ  08081
Spring Residents Meeting (Budget): 
Wed June 7th, 
7:00 PM
  
 
Reserve Study Meeting: 
Coming in Spring 2012
See Below Article For Info
 
 
 
  
 
 
 
 
 
 
EMAIL US YOUR QUESTIONS
Have questions? Please submit your questions and our office staff will get back to you within 24 hours.
 
 
 
 
TERRESTRIA HOA BUDGET:  2012 - 2013
 
 
             Capital Reserve Budget
   
 
This year, the Board has separated our Operating Expenses & Capital Reserve Projects into two budgets, Operating & Reserve.  This is the recommended method of accounting for these two types of expenses.  Typically Operating Expenses are those expenses (repairs, maintenance, tree trimming, pool operations, landscaping, etc) that have a useful life of less than 1 year.  Capital Projects that are part of the Reserve Budget and have a useful life of greater than 1 year (roofs, retaining walls, concrete replacement, pool resurfacing, etc).  
 
 
 
 
 
Online Repair Request Ordering
Please submit your contact information as well as a detailed description of your problem to our office staff.  Please allow adequate time for these requests to be reviewed and assigned to the proper contractors.  Repairs are handled in order
                 of urgency. Thank you in advance for your cooperation.
 
 
 
 
 
 
RESERVE STUDY &  SPECIAL ASSESSMENT:
 
As many of you are already aware, the Association has hired FWH(engineering firm used for the Byron Court Wall) to conduct a Reserve Study for Terrestria Homeowners Association. 
 
A Reserve Study is a budget planning tool which identifies the current status of our Reserve fund and a stable and equitable Funding Plan to offset the anticipated future major common area expenditures. The Reserve Study consists of two parts: the Physical Analysis and the Financial Analysis. This document is often prepared by an outside independent consultant for the benefit of the Board of Directors / Management of a Homeowners Associations (HOA), containing an assessment of the state of the commonly owned property components as determined by the particular association's  bylaws. Reserve Studies are planning tools designed to help the Board anticipate, and prepare for, the property's major repair and replacement projects.
 
The purpose of the Reserve Study is to give those overseeing the maintenance of the property a better idea of what major expenses to expect and an educated estimate of when these expenses will occur. With this knowledge the Homeowner's Association or property manager can create amore effective budget which also helps them to determine an appropriate amount of dues to charge each homeowner monthly to put towards reserves savings, and make accurate disclosures about the status of the Reserve Fund to homeowners.
 
An initial draft of the Reserve Study has been received and the Board will be meeting with FWH to review their findings.  Once any corrections or changes are made, we will present the Reserve Study to the residents.  Our goal is to have a special residents meeting in April 2012 where FWH can present the study and review their recommendations with those present. 
 
The Board of Directors is doing everything possible to work within our normal budget and 5% increases.  Our goal is to meet our capital improvements based on their suggested future replacement schedules.  
 
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Terrestria Board of Directors Election Nov 2011
On Tuesday Nov 15th 2011, Anthony Merendino (Treasurer) & Peggy Ludwigsen (Secretary) were elected to a 2 year term.  Richard Sheretta (Vice President) was elected to a one year term.  Jason Cocco (President) & Leland Rockstraw (Board Member) were both elected to a 2 year
                    term in 2010.  See About Us for more about us. 
 
 
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FORMS, NEWLETTERS, & MORE:  My Community
See My Community for Residnet Meeing Dates, Current Issues, ARB Property Modification Requests, Resident Profile Forms, Work Orders, & Clubhouse Rental Agreements
 
 
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NeeTKnoWhaColoTUse? 
Follow Link to Paint Center in My Community...Please Submit a ARB Modification Request Before Doing any Work to your Property.
 
 
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Camden & Gloucester County Jaycees: 
 
 
The Camden & Gloucester County Jaycees Meet Every 4th Thursday of the Month at the Terrestria Clubhouse at 6pm.  Come see what the Jr. Chamber of Commerce is all about. Its an excellent opportunity to meet and network with young professionals in South Jersey.  Contact Dana today!
 
                                 www.cgjaycees.com
 
 
 
 
 
 
 
Terrestria HOA Dues & Collection Information Center
 
NEW DUES INCREASE TO TAKE EFFECT APRIL 1, 2012:
 
Effective April 1st, 2012, Terrestria HOA monthly dues will be $124 (5% Increase) for the Townhomes and $26 for the Singles. Temporary coupons for April & May will be mailed out to all residents.  Residents can also expect to receive new coupon books in April 2012.   Thank you.
 
 
As many of you already know, we have retained Stark & Stark as our Collection Attorney.  They are taking every legal measure to collect on delinquent accounts including adverse credit reporting, judgements & liens, foreclosures, wage garnishment, asset seizure, rent receivers, etc.  We have already begun foreclosure proceedings on a number of homes and have executed wage garnishments, rent receivers & asset seizures on many others.  We WILL collect on these delinquent accounts. 
 
You can learn more about Stark & Stark online at: www.stark-stark.com
 
 
 
 
Terrestria Times Online
 
The most recent Terrestria Times monthly newsletters will be now be available online under the My Community  section. 
Resident's are encouraged to submit articles & digital pictures of Terrestria for use in future newsletters or on website.  
 
 
 
 
 
 
 
 
All repair requests must be submitted in Writing online or by using the Repair Request Form to the Terrestria Office. Telephone calls will NOT be accepted as a repair request. This is required to track all repairs requested and work orders assigned to contractors as well as to get specific needs in writing.
 
There are Repair Request forms located in the office as well in the box outside the office door. Please allow adequate time for these requests to be presented to the Board and assigned to the proper contractors. Repairs are handled in order of urgency. Thank you in advance for your cooperation.
 
 
 
Please submit your contact information as well as a description of your problem to our office staff.  
 
 
 
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Byron Court Retaining Wall Update
 
Contractor:  High Tech Landscaping 
Engineer:  FWH Engineers
Approx Cost of Project:  $65,000 
 
The Byron Retaining Wall Project has been completed.  
 
We appreciate your patience for this project.  If you have any further questions, please contact the office or attend one of the upcoming Resident Meetings.  Thank you.
 
-Jason Cocco, Board President, Terrestria HOA
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Terrestria Sewer System & MUA
 
Gloucester Township MUA Has Continued the Mapping  of Terrestria Sewer Lines
 
The Gloucester Townhip MUA has continued the mapping of the Terrestria Sewer Lines last Fall.  This process will identify the problems causing sewage backups throughout Terrestria.  Once identified, we will meet with the Townhip to address the repairs, and ultimately ownership of the system and responsibility for future maintenence.  During the mapping process, the MUA is "jetting the lines" which will clear debris to allow the mapping equiptment to travel the lines.  This will hopefully alieviate some of the problems.  It has been communicated to us that there are tree roots obstructing parts of the system.  We will keep you informed of any new developments. 
 
We would also like to thank the numerous residents who volunteered their time to help our community by attending the Township Council meetings.  We appreciate all your support.  This is an issue that affects all homes in Terrestria and it is important we all are involved in this issue. 
 
-Jason Cocco, President, Terrestria Board of Directors
 
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Board Passes Towing Resolution
 
The Terrestria Board of Directors Has Amended the Towing Resolution to allow for the Towing of Cars as part of our Collection Efforts. 
 
Homeowners who are 6 months delinquent in their dues will have ALL parking priveleges on Terrestria property revoked.  If you enter into a payment arrangement your parking will be provisionally reinstated as long as you adhere to the payment arrangement.   Those residents who are in payment arrangement will NOT be towed.
 
In January 2010 we hired Stark & Stark, one of the regions top collection attorney firms as part of our revamped collection process.  Stark and Stark brings to the table ample knowledge and expertise in Collections.  We have a team of attorneys and paralegals who are working diligently every day to collect on the vast sums of money owed to the Association. We are taking a hard line approach to these delinquencies, many of which have been delinquent for years. 
 
Our efforts begin with late notices, followed by liens and judgements.  If the homeowner still does not enter into a payment arrangement, the legal process continues and Stark and Stark will proceed with wage garnishments, bank account levies, asset seizures, and finally the foreclosure process. 
 
Terrestria Homeowners Association Board of Directors