Timber Ridge Condominium
About Timber Ridge Condominium
Timber Ridge Condominium, a 49 unit townhouse development, is located on the east side of Route 117 and Route 128 in Mount Kisco, New York. Situated on a gently sloping hill within the Village/Town of Mount Kisco, two and three bedroom units with full basements graciously abut a nature preserve, and distant vista of hills.
Just forty-five minutes from New York City via the Metro-North train line, Timber Ridge offers a country lifestyle with easy access to the city. Mature plantings, specimen trees and seasonal flowers provide natural beauty and privacy. This is a Westchester County community that appeals equally to both families, singles and senior citizens.
Recreational opportunities are available for everyone. Facilities include a newly renovated pool with supervised swimming. There is a newly renovated tennis court which was resurfaced less than three (3) years ago with the same surface as the professional courts at one of the premier local tennis clubs.
These highly desirable townhouses offer a comfortable, convenient lifestyle, an excellent public school system and reliable local services.
Financial Overview
The operating expenses of the property need to be adequately covered by the income of the Condominium. In addition to large items, such as insurance, landscaping and snow removal, expenses include all monies spent for the goods and services required to run and maintain the Condominium on a daily basis. Many of these costs are not static and are subject to fluctuations. Income currently consists of the monthly common charges imposed on all Unit Owners and interest earned on Reserve Funds. The monthly charges are normally fixed from one year to the next. As the operating expenses increase, it is mandatory that income be compensatingly increased. The Board of Managers has the authority to levy assessments, if needed.
Monthly common charges and special assesssments, if any, are billed to Unit Owners by the Managing Agent at the first of each month. Remittance is expected within ten (10) days.
There is a $25 late charge imposed on any outstanding common charges or assessments owed by the Unit Owner. This charge is levied on unpaid balances as of the 10th day of each month.
A copy of the Annual Financial Statement is avilable each year to all Unit Owners. The Statement is prepared by an independent public accounting firm and covers the fiscal year January 1 through December 31st. The budget covers the same time frame, and is compared to actual expenses periodically during the year by the Board of Managers to assure that expenses projected are reasonable.
The Conominium maintains a Reserve Fund to provide for possible emergency requirements and to establish a "reserve" for future repairs and replacements.
Maintenance Policy
The Condominium is responsible only for those conditions involving the common elements of Timber Ridge. These common elements include the physical property, such as roads, walkways, lawns, pool and tennis court; and the exterior of all units such as roofs, outside walls, walks, driveways and structural elements, excluding windows, screens, doors, storm doors, garage doors, and air conditioners. Additional information may be found in the Declaration of Condominium and By-Laws.
Interior problems, such as malfunctions of appliances, plumbing, windows, doors, HVAC ducts, air conditioning, fireplace and heat flues, thermostats, oil burners, dryers venting, etc., are responsibility of the individual Unit Owner.
The Board of Managers
The affairs and business of Timber Ridge Condominium are conducted in accordance with the Declaration of Condominium and By-Laws and managed by the Board of Managers. Board membership consists of five (5) Unit Owners who are elected by the Unit Owners at the Annual Meeting for two (2) year terms. The Annual Meeting is usually held in January. Vacancies created by resignations are filled by vote of the remaining Board Members.
In addition to conducting the Annual Meeting, the Board of Managers convenes regularly throughout the year to manage the business of the Condominium. The Board's primary responsibility to manage the affairs of the Condominium as an entity, but it serves also to consider the concerns and requests of the individual Unit Owners and residents. Those who seek such assistance are invited to submit their requests in writing for the Board's consideration. The dates and times of upcoming meetings can be determined by calling the Managing Agent or a member of the Board.
The meetings are generally held at least once per month. During the year, there may be additional Unit Owner meetings if there is an item of concern that the Board of Managers feels should be brought to the attention of the Unit Owners.
Managing Agent
Heritage Management Services was appointed Managing Agent for the property in January 2011. The agent assigned to handle operating affairs is Kevin Cullen.
To contact the Managing Agent or The Board of Managers, click here: Contact
* Portions of the above were taken verbatim from the Timber Ridge Condominium Information Guide/Rules and Regulations distributed to all Unit Owners on October 2009.