Day: November 7, 2019

Minutes of Board Meeting on Budget

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Click here to review the minutes of the 25 October 19 meeting on next year’s budget.

10.25.19 Board Budget Meeting Minutes

Discussion and Vote on Approval of 2020 Budget and Reserve Plan – Art Ober
reviewed and discussed the 2020 proposed budget and reserve plan. The increase in
the Association assessment is due to the large change in the projected reserve cost to
replace the roofs on the sixteen (16) Association buildings. The Board then answered
any and all questions the owners had regarding the 2020 proposed budget. Steven
Sheinfeld made a motion to approve the 2020 proposed budget and reserve plan as
presented, seconded by Aldo Reti. With all in favor, the motion passed unanimously.
The monthly assessment for 2020 will be $480.00.