Gary F will submit the minutes from our annual HOA meeting last night. Until these are posted, a few comments:
- Out of 100 homes, we had representation of 14 homes (10 required for a quorum.
- There were no new nominations from anyone to serve one year terms on the Board. Per our bylaws, a motion was presented to extend the number of consecutive years a board member can serve from 3 to 5 years, thus allowing the current board to serve the upcoming year.
- With a lack of community participation, we will soon (within a year) be in a position to solicit proposals from HOA management companies to take over day to day functions such as accounting, ARB reviews, working with closing attorneys when homes are sold, pool management, etc. This will undoubtedly lead to significant increases in HOA dues in the next couple of years.
- The current board will meet within the next week to establish our budget for 2020. We will stay with only one invoice and payment of dues as we will be without a treasurer early next year. It is easier and cheaper (postage) to put out one invoice and when the dues were reduced from $640 back to $500 annually, we thought this was more manageable amount for most.