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- Non-Profit Organization
Board Of Directors
Association Documents
Managing Agent
Annual Membership Meeting
Directors Meetings
- Committees
Association Dues
- Dues Breakdown
Collection Policy
Association Insurance
Common Areas
- Making Changes / Updates to my home
Selling Your Home
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NON-PROFIT CORPORATION
- Wedgewood Association is a non-profit corporation chartered by the State
of Minnesota to provide for the maintenance and preservation of common
elements and the review of all exterior home and yard improvements. Membership
in the Association is automatic with the purchase of a home in the Wedgewood
Heights, Wedgewood Park, Wedgewood Valley, Wedgewood
Shores, McHathe's Pond or Stonebrook neighborhoods.
The total number of Association member (homes) is 958.
BOARD OF DIRECTORS- The affairs of the Association are administered by an elected Board of
five Directors who have a fiduciary responsibility to take appropriate
action to uphold the common interests of the community. The Board of Directors
has hired a managing agent to run the day to day operations of the
Association.
ASSOCIATION DOCUMENTS- The Board of Directors is obligated to run the Association according
to its recorded legal documents: Articles of Incorporation, Declarations
of Covenants, Conditions and Restrictions, Declaration of Protective Covenants,
and By-Laws. Each homeowner should be familiar with the content of these
documents. If you have misplaced your documents please, contact our
management company for replacement copies.
MANAGING AGENT- Laukka Management, Inc. is the managing agent
selected by the Association's Board of Directors. All corporate records
are maintained by the managing agent and are available for homeowner inspection
on an appointment basis. Laukka Management's business address and
telephone is:
- Laukka Management
3300 Edinborough Way, #202
- Edina MN, 55435
ANNUAL MEMBERSHIP MEETING
- The annual meeting of Wedgewood Association is held in September. The
purpose of this meeting is for all Wedgewood Association homeowners to
review the Association's prior year activities, and budget and the coming
year recommendations. The elections of Directors occur at this meeting.
DIRECTORS MEETINGS- The Board of Directors meets
monthly on the second Thursday of the
month, usually at city hall. Call our management
company for the time and location or if
you would like an item added to the Board's meeting agenda.
- Homeowners are encouraged to attend the Board of Directors meetings.
A portion of each meeting is reserved for homeowner input. All corporate
records are maintained by the managing agent and are available for homeowner
inspection on an appointment basis.
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COMMITTEES
- Current standing
committees are the Architectural Review
Committee and landscape committee.
The Board appoints committee members. All
homeowners are encouraged to support the
Wedgewood community by their active
participation in committees.
ASSOCIATION DUES- All homeowners are
assessed equally in accordance with the
provisions of the Declaration of Covenants,
Conditions, and Restrictions. (See Article VII
of the Declaration of Covenants, Conditions and
Restrictions).
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- The managing agent
mails invoices for Association dues to each
homeowner prior to the beginning of each year.
The annual assessment should be made payable to
Wedgewood Association in care of Laukka
Management, Inc., and should
be mailed, together with the invoice, in the
return envelope provided. Payments are due on
the first day of January.
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DUES BREAKDOWN
- The
dues cover expenses associated with running and
maintaining the association.
<Click Here> for a chart
to show a breakdown of what the dues cover.
COLLECTION POLICY- Annual assessments are
due on the first day of January. If payment is
not received within ten days a late fee of 5%
will be assessed. If payment is not received
within thirty days the assessment will bear
interest at 12%. Unpaid assessments are
pursued for collection in accordance with the
Association policy.
ASSOCIATION
INSURANCE- The Association
provides insurance for its common areas and
improvements and its Board of Directors and
appointed committee members.
Premiums are included in the annual dues
assessments.
- A homeowner's personal
liability and personal property insurance are
the responsibility of each respective member.
COMMON AREAS- The Association is
responsible for the maintenance of its common
areas. These areas are located throughout the
community and include the signage, stone
monuments and pillars, fences, plantings and
roadway islands that beautify and enhance the
value of the homes within Wedgewood. The
Association also owns and maintains shrubs and
trees in several landscape easements in various
homeowner lots throughout Wedgewood.
- Any damage to the
common areas should be reported to the managing
agent immediately.
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MAKING CHANGES
/ UPDATES TO YOUR HOME
- The
Wedgewood Association
requires that before any major modifications are
made to the exterior of any residence or lot, an
approval by the Architectural Review Committee
(ARC) is required.
Any resident who wishes to make an exterior modification(s) to their residence or lot
(examples include but are not limited to:
exterior additions, repainting, playsets,
basketball hoops, swimming pools, fences, tree
plantings, mulch, flower beds, etc.), should
review the governing documents (Association
Guidelines)
and (ARC
Procedures) and then follow
these procedures:
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1-
Notify the managing agent of the proposed
modification (s), both in writing and by phone,
at least 30 days prior to the anticipated start
of the work.
2-
The managing agent will mail you a Request
for Approval of Post-Sale Modification as
well as any rules and regulations that may
apply to your request.
3- The applicant has two ways to submit a
"HOMEOWNER APPLICATION FOR HOME
IMPROVEMENTS"
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For simple
situations where no supporting
documentation is required, the applicant
can submit an
electronic version
of the request form.
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For situations
where maps, diagrams, etc. are required,
the applicant can print a
paper copy
of the request form, fill it in
completely, and return it along with
appropriate plans, photos, color chips,
etc. to:
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Wedgewood Association ARC
C/O Laukka Management Inc.
3300 Edinborough Way
Edina, MN 55435
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The ARC Committee meets twice a month during the
Spring, Summer and Fall construction seasons. On
receipt of a completed request, our management
company will place the request on the next
ARC agenda. ARC will have 30 days to review and
approve, approve with conditions or disapprove
the proposed modification. In situations where
additional information is requested from a
homeowner, the ARC will have 10 additional days
to review the changes, following the submission
of the additional information. The applicant
will be informed in writing of ARC's decision.
SELLING YOUR HOME- If you should decide
to sell your home, be sure to follow the
procedures below to ensure adequate Association
information has been provided to the buyer(s):
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1. Notify the managing
company,
Laukka Management of the
closing date and the name of the buyer(s).
- 2.
Have the closing
agent contact the managing company, for any
disclosure information they need.
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3. Be sure to give
the new owner(s) your complete set of the
Association Governing Documents.
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