FROM THE PRESIDENT ….

I could use a bigger house. I’m older. I have more children. With interest rates where they are and my business doing well I can afford a larger place. But whenever Darsey and I talk about moving to a larger house we both agree, we just don’t want to move. Our problem is this; at night we pass friendly neighbors on the street and we pet their dogs and greet their kids. When we grill on the deck a neighbor always drops in for a bite or a beer. When our children play in the yard on the weekends or at night other children join them for fun, safe play. We live in a very nice neighborhood. It’s Greystone.

When Judd Ammons first broke ground on the Greystone communities he had a vision of nice neighborhoods for a broad range people. Newlyweds, full families, empty nesters, retirees and elders all have a safe comfortable place to live in nice neighborhoods. It’s Greystone.

As the new president of Greystone Association I want to open by thanking each of you for your contribution to the nice neighborhoods we all live in. You take care of your families and your property. You look out for your neighbors and you offer a helping hand. Good neighborhoods are where good neighbors live and our neighborhoods are full of good neighbors. Darsey and I are very happy where we live. I suppose we will just have to finish the attic and expand the deck. We live in Greystone.

GREYSTONE SWIM & RACQUET CLUB

The Greystone Swim and Racquet Club is for sale. The current owner would prefer to sell the Club to an organization or corporation that will maintain it as a community asset for the Greystone neighborhoods. The Club sits on 9 wooded acres consisting of an Olympic-size swimming pool, covered clubhouse, four tennis courts, and basketball and volleyball courts.

When the Greystone Association Board of Directors was approached in January about purchasing the Swim Club, a task force was formed to investigate and report on the matter. The task force reported: 1) the swim club was a valuable asset to the Greystone community; 2) the Club increased property values; 3) sale of the Club to a commercial interest would likely result in high-density development which would decrease property values and diminish the community’s quality of life.

The task force recommended that the Association pursue purchase of the Swim Club.  The Board agreed. However, In accordance with the bylaws of the Association, the Board needs a 2/3’s majority vote of the membership to purchase property. Therefore, before acting further, the Board decided to disseminate a non-binding survey to establish whether 2/3rds of the membership agreed with the Board’s position. The surveys we’re sent and tabulated and a general meeting was held to discuss the results. At the well-attended meeting, most homeowner’s strongly expressed that the pool should be purchased for the community. However, many were against an increase in fees and some expressed concerns about the Association being able to manage a swim club. The Board reported the final survey results were short of the 2/3rds majority needed to take further action toward the purchase of the Greystone Swim and Racquet Club. This decision in no way diminishes the Board’s unanimous agreement that the Club is a valuable asset to the community and will support, however possible, private interests to buy the Club and continue its operation. Board member Ellen Kinsinger, acting on her own as a concerned citizen, is a point of contact for Greystone members interested in keeping the Greystone Swim and Racquet Club as a community asset.

John "Chip" Williams, President

MAINTENANCE COMMITTEE REPORT 

DON’T FEED THE GEESE!!!!

The overpopulation of geese continues to plague homeowners. Many communities are facing the same problem and no sure solution has been found. However, the NC Wildlife Federation suggests NOT FEEDING THE GEESE, low, 6" string fences and a commercial goose repellent. Several Winchester homeowners have tried the string fences and repellent and have reported some success. However, people are still feeding the geese!

TREASURER’S REPORT

Calendar year 1999 operating expenses are projected to end about $5000 under budget. The surplus will be transferred to reserves. Reserve fund expenditures are projected to run about $12,600 under the $20,000 budget. Reserve fund projects not completed in 1999 will be moved to 2000. The reserve fund is projected to be about $63,900.

The 2000 budget (see page 4) includes $36,000 reserve fund expenditures for lakes maintenance projects. The budget is based on a dues increase to $103.00 to help rebuild the reserve fund. If you have any questions about the budget please present them at the General Meeting in February.

The Board reviewed the reserve fund requirements and identified $270,000 of reserve fund items. As noted in the Audit Report, estimated reserve fund costs had not been revised since 1992. We depleted our reserve funds more than $50,000 in 1998, primarily for lakes maintenance projects. We will continue to incur major expenses to maintain the lakes in future years. We also spent over $40,000 to repair hurricane damages. The 1992 reserve fund study did not adequately account for the lakes maintenance costs and did not include funds for a catastrophe.

Paul Woolverton, Treasurer

BLUFFSIDE BLOCK PARTY

Neighbors on Bluffside Court, the Wedges, gathered for a potluck July 18th at Greystone Lake. Marianne Burt and Teresa Yauch organized the block party. Erich and Karen Brewer provided a tent and picnic table for the event as well as fresh vegetables direct from their garden.

Besides the Burt, Yauch and Brewer families, party goers included Don and Margie Penven, Michael Rodden, David Netterheim, Dave & Carol Reise, Debbie Hogge, Shawn Fenimore, Ginny Meyer, Jay Johnson, Ellen Kinsinger and other families, friends and neighbors. Organize your own block party and take the opportunity to meet your neighbors!

GREYSTONE ASSOCIATION 2000 BUDGET

YARD WASTE
 
Please do not deposit yard waste in the common areas. Yard waste in the common areas promotes kudzu growth and costs the Association for cleanup. Instead yard waste should be placed at the curb for collection on Wednesdays, taken to the City's Yard Waste Center for recycling (900 New Hope Road, Mon-Sat, 7 a.m. to 3:45 p.m.), or better yet, RECYCLED AT HOME!
Grass recycling is one of the easiest ways to improve the appearance of your yard and save money. Just leave your grass clippings on your lawn after mowing, and they will decompose naturally, releasing valuable nutrients (nitrogen, phosphorus and potassium) into the soil saving hundreds on commercial fertilizer. Also, A layer of grass clippings keeps the soil cool, reducing water evaporation (and lawn watering) and keeping your lawn healthy and weed-free. By not raking and bagging, imagine the savings in time, energy and money. Leaving grass clippings on the lawn won’t contribute to thatch build-up. Grass clippings are composed mostly of water and beneficial nutrients. Thatch is comes primarily from roots and stems.
Recycled leaves and pine straw also make good mulch for flower beds, gardens, trees and shrubbery. Leaf and pine straw mulch act as natural fertilizer, reduce water evaporation, help control weeds, and prevent soil erosion. Reusing materials normally thrown away also saves money on commercial mulch products. Tree limbs and shrubbery trimmings make excellent may be used to border paths, planting beds or around trees and shrubbery.

Composting kitchen scraps, leaves and grass clippings creates a soil enhancer called humus, which helps produce healthier plants. Making compost is as easy. For more information on composting and yard waste recycling, call the City of Raleigh Solid Waste Services at 831-6890 to request a "how to" brochure or visit their website at http://www.raleigh-nc.org/sws/compost.htm.