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Hidden Hammocks Estates Homeowners
Association BOARD OF DIRECTORS MEETING Benchmark Property Management Co. Present: Tom Base – President Tom
Toth – Secretary Melissa
L. Henann – Benchmark Property Mgmt.
At The minutes of the
December 11th BoD meeting
were reviewed and approved 2/2 Hazel Shockley was nominated
to the BoD and approved 2/2 Tom Base gave his President's
report The
HOA Declaration is the guiding document for the BoD
- #1 Health and safety; #2 Common good and well being of property The
need to repair the front entry area was shown in photographs Home
values could be improved to that of comparable neighborhoods and
homes through repair, rules, and regulations The
homeowner's return-on-investment leverage is tremendous. If the
$30/mo added assessment increased home values just 1%, then the
return would be 1000%. Tom
B detailed the 2004 budget: Improved Security to Fortress is #1
at $59/mo; Grounds maintenance is $9/mo; Landscape replacement
is $9/mo; Front entrance repair $8/mo; Management fees $8/mo;
Insurance $4/mo; Tree trimming $3/mo; Lake maintenance $3/mo,....;
Awarding
of contracts is by specification and sealed bids More than 20 homeowners
were present for the Good and Welfare discussions: Increasing
the BoD to five members Neighbor
volunteer specialists to help by bringing expertise to improve
project specs and quotes Turning
left onto Wiles road HOA
assessment fees, and the input process Unleashed
dogs Committees
were suggested for landscaping, lake,... Adding
the HOA Declaration to the website More
frequent activities in the neighborhood The Treasure's report
was reviewed: Cash
on hand operating $50,147 Reserves
at Amtrust Bank $22,812 Homeowners
paying increased assessment 93% Homeowners
past due assessments 12 (7%) Past
due assessments $5518 Homeowners
past due with late fees & fines 17 Fines
& late fees owed $1,765 The
BoD is waiting for year end audited
financial statements for 2003 Finance projects included The
sprinkler water conservation payback is two years with the addition
of the iron removal system Transponders
in use are 400 The Legal report
showed One
foreclosure in February 3/3
approved issuing a violation for a non-compliance A
foreclosure was paid in full and the file closed Property management
report discussions included Detailed
violation status was given. For issued violations, all either
complied or requested an extension so none have gone to the Grievance
committee Old Business New
post orders for commercial entry after Training
for the front gate system will be conducted The
video recording system should have three bids by next meeting The
mailbox specification will be mailed to all homeowners The
revised Rules and Regulations adding speed limit, fines for major
violations, homeowner liability were approved 3/3 Banning
overnight parking from The
new speed bumps need adjustment Replacing
the landscaping at the front entrance and along the FPL were discussed Tree
trimming was approved Repair
of the Guardhouse is in progress A
shorter website address for HHE was requested The
next newsletter will be discussed by the BoD New Business A
handbook of articles, amendments, resolutions will be compiled
for the BoD Review
of the bylaws was tabled to next month The Grievance committee
reported a fine for speeding The meeting was adjourned.
The next BoD meeting will be February
24th |
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