Windswept HOA Financials
Attached are the financials for Windswept Homeowner’s Association from 2022 through May 2025, including a proforma projection for the rest of 2025 and 2026. Here’s the narrative for the proforma estimates for June 2025 through December 2026.
- 2025 expenses from January through May are actuals.
- 2025 expenses from June through December are based on the actuals through May being annualized (multiplied by 12/5), except for:
- Gate House: Gate Entrance expenses usually happen in the spring, so annualizing the expense based on those months could be an overestimate. The months of June through December 2025 will be estimated as $0.
- Landscaping/Mowing: expense is based on the average of the 2023 and 2024 expense. This is viewed as the best estimate since these expenses are much less in the spring months, so annualizing the 2025 expense thus far wouldn’t be accurate. The expense significantly increased in 2024, but the HOA had less land to maintain prior to 2024 and the contractor’s rate increased, so it’s unknown if 2024 was an outlier or the new normal. This is why an average of 2023-2024 was used.
- Manor House Building Repairs: The large January 2025 bill likely isn't reflective of a new cost level, so the expense will be 50% of the annualized total, which is in line with the 2024 expense.
- The 2025-2026 expenses could potentially be much larger if the HVAC and roof are repaired or replaced, which seems likely. The roof replacement has been estimated as $35/sq. ft., which would be $420,000 ($35 * 12,000 sq. ft. = $420,000).
- Pool: expense is based on the average of the 2023 and 2024 expense. This is viewed as best estimate since the pool expenses typically don't start until June annually.
- Stormwater Tax: expense is currently $892.50 per month, but has an annual increase in July. The 2024 increase was 40%, so this was assumed for 2025 and 2026 since the expense started in September 2023.
- 2026 income is assumed to be the same as 2025 income.
- 2026 expenses are based on the monthly average of 2024 and 2025 expenses, except for the Stormwater Tax mentioned above.
There are a few other items to note below:
- WHOA isn’t covering fees for property management, accounting, administrative tasks, and/or other necessary daily/weekly tasks that are performed by employees of Potter companies. The costs for such services would be $45,000 at the bare minimum for higher an employee to cover these expenses or outsourcing to external firms.
- WHOA isn’t covering the legal fees, which has been estimated as $5,000 annually.
- WHOA isn’t covering the general liability insurance for the marina, about $8,000 annually.
- WHOA isn’t covering the general liability insurance for the HOA grounds or the Manor House.
Download Financials
Here
June 30, 2025 Re: Discussion of CCR Amendment to Replace Manor with Access to New Pool House and Pool, and Windswept Property Owner Discount Rate to Restaurant Review of Present Language in Current CCR Review of Present Rights of Owners in All Phases Review of Potential Manor Renovation and Development Options Discuss Options for New Pool House and Pool Discuss Options for Revising CCR to Allow for Windswept Use of New Amenities Discuss Cost and Expense Items Relative to HOA and The Manor House Discuss Potential Language of Amendment for July 14th Meeting Conclude I plan to lead the meeting, and we will keep discussion points limited to the above issues. Along the way, there will be some questions. I would like to field them toward the end when all potential development information has been conveyed. My goal is to keep the meeting between 60 and 90 minutes to encourage maximum involvement by as many property owners as possible so that people know the lengths of meetings will not be excessive. Thank you, and I look forward to the meeting. Best Regards, Matt Sexton
For those of you that are not in Phases 4.2, 5, 6, 7. You will need to order a mailbox once your building is completed. Go To: https://imperialmailboxsystems.com/ Select the 311 Model of mailbox systems(Black Color, Knob, Direct Burial, no newspaper holder and add to cart) Click continue Shopping, scroll down to brass numbers and click on it. 2" Size numbers. This is about $650
Here are some mowers who have been working in the neighborhood:
The Architectural Review Committee (ARC) is comprised of members from the developer, a member who is a Windswept property owner and an outside architect. Your home plan must be designed by an architect, engineer or other Tennessee licensed professional. If you haven’t hired a builder, you aren’t ready to submit home plans for review. Below you will find the Residential Architectural Review Form. That will give you and your builder a good idea of what needs to be included with your submittal. Besides detailed house plans, you will need to submit a survey & site/grading plan, as well as a materials list with samples. The Community Design Guidelines and the Covenants & Restrictions contain building and site regulations you will need to follow. They can be found here on the portal for your particular Windswept development phase. Incomplete submittals may require an additional fee for multiple reviews. You may submit plans in pdf or CAD form to: David Rosser Rosser Design Studio 1212 Sarasota Drive Jefferson City, TN 37760 David@rosserdesignstudio.com Also please cc: c.raines.7023@gmail.com and mrmattsextonjd@gmail.com At the time of submittal, a check for $750 must be made payable and mailed to Rosser Design Studio at the above address.
This page holds all the information for Covenants, Restrictions, By-Laws, and Plats for Windswept on Cherokee Lake.
Windswept is growing!! Communication with the Developer has increased, and timely responses sometimes are an unavoidable obstacle. To help with communication, an Advisory Committee of property owners has been created with the goal to enhance the relationship and communication channels between owners and developer/HOA. The Advisory Committee has identified the top concerns of the owners and is working with the Developer to keep everyone informed of the progress toward each one. If you have a need or concern, you are welcome to contact any of the Advisory Committee members who may be able to assist you with an answer. Will Eskew, (423) 736-8404, william.eskew@kochfoods.com Tami Turner, (719) 645-9995, turnerfam2357@gmail.com Raney Tschida, (406) 370-2597, rtc2597@gmail.com
We have compiled a list of rules to help reservations and Manor House usage go smoothly. The Manor House is a unique and amazing asset for Windswept. From its start as 1800s log homes 500’ below us on the river as working farms to being moved to the top of the peninsula by mules upon the making of Cherokee Lake and its transformation into the awe inspiring it has become, you have something to be proud of and show off. We hope that everyone will treat it as such and treat it and fellow property owners with the utmost respect whenever using your hidden treasure. Each property owner in Phase I-IV receives 5 room-nights per lot per calendar year. That is, 1 room for 5 nights or it could be used as 5 rooms for 1 night; any combination of rooms per night that equals 5 total nights. The intended purpose of the free nights is to allow property owners the chance to “test-drive” the community and area and meet their future neighbors. Nights do not carry over to subsequent years. Reservations may only be made through the property owner portal. Any property owner who does not follow the rules is subject to suspension of privileges. If property owners remove items from the Manor House, break items due to negligence or destructive behavior, overstay their dates or arrive a day early, have more guests than requested, use more rooms than requested, have pets/animals present (other than certified animals), or cause any damage to the premises are subject to suspension of privileges, loss of nights, eviction from the premises and/or the cost of any repairs or replacements resulting from their or their guest’s actions. Please remember when using the bedrooms at the Manor House that the common areas are still open for use by other property owners and their guests, even if you are using all the bedrooms. The Manor House is not like renting a cabin in the Smokies, it is more like staying at a B&B, or like borrowing a friend’s house. We ask that you and your guests remember to lock your bedrooms and keep personal items in your rooms when you aren’t at the Manor House.