HERITAGE HUNT CONDOMINIUM I

Board of Director Meeting
November 9, 2006

1. Call to Order

Bill Massarella called the meeting to order at 2:15 p.m. In attendance were Warren Miller, Stephen Harrison, George Field, Frank Hoss and a number of individual owners.

 

2. Establishment of a Quorum -- a quorum was present.

 

3. Acceptance of Minutes

A motion was made, seconded and carried to accept the minutes of the meeting of September 27, 2006.

 

4. Committee Reports

Building and Grounds -- George Field presented a detailed report of current items noted for attention. (See attached report) Real estate lock boxes remain on the doors of two units on the market. He reported that progress is being made in getting completion of obligations by Lennar. In addition, outside water lines and sprinklers will shortly be winterized and water shutoff outside.

 

George received a round of applause and the thanks of all for the time, effort, and expertise he brings to our condo community.

 

Legal and Covenants -- Frank Hoss inquired as to the status of two pending applications. Warren reported that they would be approved by the board today.

 

Finance -- Warren reported the Board had received the proposed budget for 2007 from SCS. He reported that insurance, legal fees, consulting fees, required new license and permit fees and increased utilities have all contributed to the shortfall experienced this year. He presented the Board's revised budget of $336,000 to Stephen. Warren announced that proposed condo fees as of January 1, 2007 would be $350.00. Even with this increase it is likely a special assessment would be necessary early next year to cover the deficit of 2005 year and the anticipated deficit of 2006 year.

 

Management -- Stephen received the Building and Grounds report including items to be covered with housekeeping. George noted that each owner is technically responsible for his or her own garage space and the upkeep of it.

 

Stephen received the Board's proposed 2007 budget. He noted that SCS had recommended full funding of the reserves rather than the partial funding adopted by the Board.

 

Stepehen will be sending out a mailing regarding the budget, condo fees and a form for completion of the emergency contact list. The mailing will also contain information compiled by Ed Plummer with preventive maintenance tips on utilities and appliances and explanation of a few of the quirks of our condos.

 

5. There being no further business the meeting was adjourned. The next meeting will be on Tuesday, January 9 at 2 p.m.

 

 

Respectively submitted by Barbara Dunn

 

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