Bussiness Portfolio

Sr. No.	Section Title	Page No.
1	Introduction – Why Does Developer Turnover Cause So Much Angst?	4
2	Who is the Developer?	5
3	What is Turnover?	7
4	What if We Don't Want Turnover Yet?	9
5	Planning for Turnover – When will it Happen?	9
6	Creating the Turnover Committee	11
7	Property Management Involvement in Turnover	13
8	PRE-TURNOVER—Turnover Planning and Committee Considerations	15
9	Understanding the Association's Responsibilities (Declaration of Association)	15
10	Association Responsibilities – Community Infrastructure (HORIZONTAL DEVELOPMENT)	19
11	Berms, Swales, Culverts, and Canals	20
12	Lake Systems	20
13	Lake and Drainage System Structures	21
14	Lake Banks and Maintenance Easements	21
15	Littoral and Aquatic Plantings	22
16	Home & Building Drainage Elevations	22
17	Lake Fountains and Aerators	23
18	Water Features	24
19	Roadways & Parking Lots	25
20	Stormwater Systems, Catch Basins, and Outfalls	26
21	Sidewalks, Cart Paths, Bike Paths	26
22	Trail Systems, Boardwalks, Foot Bridges	27
23	Lift Stations	27
24	Fire Hydrant Systems	28
25	Streetlights	28
26	Landscape and Accent Lighting	29
27	Irrigation Systems, Timers/Clocks, and Pump Stations	29
28	Surface Water Recharge Wells	31
29	Potable Water & Gas Lines	31
30	Mailbox Clusters	31
31	Association Responsibilities – Common Area Assets (VERTICAL DEVELOPMENT)	32
32	Clubhouses & Other Structures	32
33	Food & Beverage Operations	33
34	Fitness Equipment & Facility	34
35	Pools & Spas	34
36	Pool Pumps & Equipment (the Pool Pit)	36
37	Decking & Pavers	37
38	Sports Courts & Structures	37
39	Docks & Launches	38
40	Entry Systems & Mechanicals	38
41	Entry Monuments, Gatehouses, & Structures	39
42	Walls & Fencing	40
43	Condominium Association Responsibilities – High-Rise & Mid-Rise Buildings	40
44	Developer Owned Community Assets	41
45	Community Development Plans & Documents	42
46	Deeds & Title Transfers – Homeowners Associations	44
47	Deeds & Title Transfers – Condominium Associations	45
48	Association Contracts	47
49	Association Insurance	50
50	Association Banking	54
51	Association Preserves & Conservation Areas	55
52	Document Amendments	58
53	Committee Needs	60
54	Community Rules, Regulations & Guidelines	61
55	Landscaping & Irrigation	63
56	The Turnover Punch List	66
57	Requests for Board Action Prior to Turnover	68
58	Financial Independence	70
59	Why a "Buildout Budget?"	70
60	What is Deficit Funding?	72
61	Developer Guarantees (Condominiums)	74
62	Capital Contributions	75
63	Reserve Funding – Homeowners Associations	76
64	Reserve Funding – Condominium Associations	77
65	Reserves – General Notes (HOA & Condo)	78
66	Reserve Funding Methodologies	79
67	Budgeting for Turnover	80
68	POST-TURNOVER – Resident Board Considerations & Responsibilities	81
69	The Turnover Meeting	81
70	Turnover Document Requirements	83
71	The New Board – Immediate Considerations	84
72	Mindset – Pre-Turnover versus Post-Turnover	88
73	Developer Permit Obligations Post-Turnover	88
74	The Turnover Audit	90
75	Due To/From Calculation	91
76	Statutory Engineers Inspection Report (Condominium)	92
77	Board Considerations Post-Turnover	93
78	Auditing the Turnover Audit	96
79	Engineering Inspections & Defect Reports	97
80	Construction Defects	98
81	Settlement	99
82	APPENDIX	102
83	Sample Governance Committee Charter	102
84	Sample Landscape Committee Charter	103
85	Sample Finance Committee Charter	104
86	Sample Resolution for Creation of Various Committees	106
87	Sample Resolution – Eligibility & Suspension Policy	107
88	Sample Protocol – Violations & Fining	108
89	Infrastructure Considerations Checklist	110
90	Association Asset Considerations Checklist	113
91	Turnover Committee Diligence Checklist	116
92	Post-Turnover Board Business Checklist	119
93	Sample High-Rise Equipment & Systems Checklist	120
94	Homeowners Association Document Turnover Requirements	121
95	Condo Association Document Turnover Requirements	122
96	Sample Turnover Document "Receipt"	124
97	Sample Cash Flow Projection Worksheet	126

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