2016 Annual Report for Las Colinas Association

2016

LAS COLINAS ASSOCIATION ANNUAL REPORT The unique master-planned development where life and business thrive

CHAIRMAN’S & PRESIDENT’S REPORT

Las Colinas is experiencing growth that has not been seen in some time; possibly not since the 80’s. Visible signs of this growth were evident throughout the community during 2016. Your Board and Executive Management Team eagerly embraced the opportunities that this growth presented.

The Las Colinas Brand is as important today as it has ever been in the past. Mustangs have long been associated with Las Colinas. They officially found their place in the logo and brand for Las Colinas in 1997. The Mustang is symbolic of the strength, resolve and power that has been associated with this development since its inception in 1973. The original mustang logo served Las Colinas well, but the Board felt it was time to modernize with something more relevant to the present and future of this dynamic development while retaining the past from whence we came “El Ranchito de las Colinas” or the Little Ranch in the Hills. The logo is displayed throughout our annual report, on all corporate documents and will soon be on all Las Colinas flags.

The Community of Las Colinas grew in acres again during 2016, and also in open space available to our members and the public. Villas at Las Colinas, a 55-lot single-family residential project, and Villas at Mustang Park, a 77-lot single-family residential project, were added to properties covered by the Master Declaration. Lindamood Park, a joint venture with the City of Irving, opened during the year with amenities for children and adults alike. “New Beginnings,” a beautiful sculpture piece created by Dale Lamphere and donated by the Las Colinas Parks Foundation, found a permanent home in the recently dedicated Flagpole Hill Park Sculpture Garden.

Irving Music Factory and Water Street both made tremendous strides towards completion, adding entertainment, restaurants and other retail that will help identify Las Colinas as more than a name but rather a destination Place. Both projects are slated to open during 2017. But these projects are not alone. Nine other projects totaling 197,438 square feet were also approved during the year.

Las Colinas is Home to approximately 49,723 residents, both single-family and multi-family. New homes totaling 204, were approved during 2016, making Las Colinas an even more attractive place in which to live.

The Weaver and Tidwell accounting firm conducted an audit of the Las Colinas Association financials for the 2016 fiscal year.

The firm’s audited financials can be found in this annual report. The financial position of the Las Colinas Association remains strong. Reserves are in place to insure long-term stability.

Our members and community partners continue to use the community space located in our corporate headquarters. We invite you to come by and see our facility if you have not already done so.

Security Services rolled out a wireless, radio based alarm monitoring system as an additional benefit to our members. This could eventually replace landline systems.

It has been a pleasure to manage and guide Las Colinas in 2016. Your seven-member Board of Directors and two ex officio Board members, including the Las Colinas Association President, take their individual and collective responsibilities very seriously. Strategic planning continues to be the foundation for our decision making. We seek your thoughts and input as to how Las Colinas can showcase its diverse residential population and its vast commercial presence. 2016 was another great year for the Association and the Las Colinas community, and we expect the same in 2017.

Albert C. Zapanta Ethan R. (Rick) Bidne Chairman, Board of Directors President

1 2016 ANNUAL REPORT

LAS COLINAS ASSOCIATION DIRECTORS Albert C. Zapanta

David A. Cole

Charles A. Boyce

Commercial Representative Chairman

Commercial Representative Vice Chairman

Residential Representative

R. (Ben) Brewer

Barton Hankins

Rachel S. Kramer

Dr. Steve Nguyen

At-Large Position

Residential Representative

Commercial Representative

Residential Representative

EX OFFICIO BOARD MEMBERS Ethan R. (Rick) Bidne

Carl McKee

President

Architectural Control Committee Chairman

2

LAS COLINAS ASSOCIATION STAFF

Executive Office

Ethan R. (Rick) Bidne, President Jennifer Austin, Managing Staff Director Carl McKee, ACC Chair Jan Paradis

John Kauzlarich Patrick Neligh James Kolm, Jr. Jimmy Dammer Kara Sloan

Lynn Strickland, Director Velma Martindale Megan Armstrong Rebecca Neely Zulema Alvarez

Community Relations

Common Property

Security Services

Scott Wilson, Director Darla McDaniel, Manager Phil Risenhoover Marcus Soto Ochoa Martin Lopez Jose Pena

Penny Hayter, Director Earl Edwards, Manager Jan McKenzie Chris Laudrille Stephen Craig Jimmy Hardwick Eric Hawkins Jerry Hunt Charles Cheverette

Amanda Star Cline, Director Diane Sainton

Architectural Control Phil Ochsner, Director Kelly Willis Cindy Kramer Raquel Burns Shaila Quoreshi

Finance & Administration

Property Compliance

SECURITY SERVICES

Average Response Time (seconds)

74,914

2015

49,621

5

2011

5 6 se c 5

se c 4

se c 3

se c 2

se c

00 ,0 80

00 ,0 70

60 ,00 0

,0

00

2010

50

,0 40

30 ,00 0

00 ,0 20

10 ,00 0

3 2016 ANNUAL REPORT

00

40,280

2010

2012

1

2011

5.66

2013

51,251

2012

4.13

2014

66,015

2013

5.7

2015

58,900

2014

5

2016

se c

79,619

2016

6

Alarms Processed

6

7

8

11

9

20 16

20 15

5

12

20 14

3

20 16

20 15

2

5

12

20 14

9

12 11

10

15

12

20 16

20 15

20 14

20 13

20 12

0

1588

1353

1209

1236

1151

1423

1394

1658

1566

1374

1399

1129

0

20 11

500

20 13

0

20 10

500

15

20 16

20 15

20 14

20 13

1330

1000

20 12

Single-Family Units 2000

20 11

204

193

270

261

276

20 12

1250

Submissions Received

20 10

20 16

20 15

20 14

20 13

215

150

20 12

250

20 13

6

7

200

20 11

20 10

1500

20 12

300

20 11

50

97

2000

20 11

20 10

100

4

1000

20 10

ARCHITECTURAL CONTROL COMMITTEE Approvals by Project Type Submissions Approved

1500

Multi-Family and Townhome

6

3

0

Commercial Projects

0

4

PROPERTY COMPLIANCE Property Maintenance Monitored During Construction 700

1084

886

668

987

220 40 19

28

25

30

36

35

35

32

40

15 10 5

5 2016 ANNUAL REPORT

20 16

20 15

20 14

20 13

20 12

20 11

20 10

0

20 16

20 15

20 14

20 13

20 12

20 11

20 10

20 16

20 15

20 14

20 13

20 12

20 11

Property Maintenance Handled by Legal Counsel

20

500 0

20 10

0

25

1176

1000

339 224

100

257

300

1756

625 446

400

1500

360

500

1935

2000

600

200

Property Maintenance Cases Resolved

COMMON AREAS

PROPERTY OWNERSHIP

BEAUTIFICATION RELATED COSTS

TOTAL ACREAGES/MILES (APPROXIMATE) 127 acres

City of Irving

Medians, Parks and Open Spaces

$1,482,600

(Includes approximately 86 miles of medians)

Dallas County Utility Reclamation District (DCURD)

Shoreline Property

$486,000

97 acres

Texas Department of Transportation

114 Maintenance

$148,000

190 acres

Las Colinas Association

Parks and Open Spaces

$310,500

48 Acres

Litter Control

All areas

$130,000

* by Las Colinas Association

Total

$2,557,100

462 Acres

6

THE VILLAGES OF LAS COLINAS Residential # OF SINGLE-FAMILY HOMES IN LAS COLINAS

6,793

# OF RESIDENTIAL VILLAGES

40

# OF HOMES WHEN FULLY DEVELOPED

7,356

Multi-Family WATER STREET

JEFFERSON RIVERSIDE

371

341 TO DATE, TOTAL COMPLETED UNITS IN LAS COLINAS

JEFFERSON ON LAKE CAROLYN

422

TOTAL APPROVED IN 2016

TOTAL UNITS UNDER CONSTRUCTION IN LAS COLINAS

17,298 1,134 7 2016 ANNUAL REPORT

0

2016 WAS A GREAT YEAR FOR THE LAS COLINAS ASSOCIATION

Elm Fork Room

Oxbow Room

Board Room

Carpenter Hall

LCA Building Use Activity MEETINGS

2015

2016

Homeowner’s Association

44

71

Civic Group

7

17

City of Irving

16

14

Business Groups

7

7

TOTAL

74

109

8

9 2016 ANNUAL REPORT

10

Las Colinas Association 3838 Teleport Blvd.

Irving, TX 75039 Phone: 972.541.2345 Fax: 972.650.0029 www.lascolinas.org

For general questions, please email us at lca@lascolinas.org