Thursday, November 21, 2013

Success! We have a board.

We made the quorum for our annual meeting. By two people. Thank you if you showed up in person, or if you took the time to return a proxy form to reach quorum. Or did both. It makes a difference. I will lobby that next year we make it clear right on the proxy form that you can scan and email them back to make it more convenient.

But we made it.

All five board members ran for re-election and no one else decided to run so the board does not change, except that John McQuiston (alias your humble blog author) will become the HOA Secretary and Lauren Brusa becomes the at-large member. This means that I must take the minutes at the meetings instead of Lauren, and that I might have to pay closer attention!

(Kidding!)

Members of the HOA also voted unanimously to approve a change in how we save money in our reserves, going from what's called the component method to something known as the pooled method. It's also called the cash-flow method. It will give the HOA more flexibility in spending money from the reserves on things we need to repair.

For instance, we've re-painted some of the buildings after repairing cracks in them. We spent money from the general fund for that. It means we can reduce - some - how much we contribute to our painting reserves, and also means that if, say, our roads wear out faster than we expected, we can move money from the painting reserve to fix the roads.

I think I got all that correct.

I know this is true: our next HOA meeting is December 17.  I hope to see you there.

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