An increase of 2.7% for all homeowners has been approved for 2018, well within common practice at condo associations.
Also, there will be a new trustee election to fill positions of three who have resigned.
Henry
Meet Henry, the brains and brawn behind the Handy Cranberry Trust for over 50 years – the true “unsung hero”.
Thanks Jose…
…for a dreary, wet summer send-off.
Training Ship Kennedy Sails to Houston
Our neighbor, Mass Maritime Academy in Buzzard Bay, sent its training ship “Kennedy” to Houston this week to house (600?) FEMA workers during the Hurricane Harvey cleanup. Great resource to share! I wonder if the next berth will be in FL…
Monthly Meeting – August 29, 2017
The meeting began with a financial report, noting that there is $1,900,000 in the reserves. Legal expenses were expected to be around $70,000, but so far are only $1,000. The forecast for the profit and loss statement is in progress. In addition, Mutual of Omaha (which holds the reserve fund), is looking at different certificates of deposit with higher interest rates for the money.
The Board has not yet voted on the 2018 budget, and is encouraging homeowner comment tonight. The new board will decide on the budget. Insurance is expected to go up. In addition to the usual operating expenses, the board is allocating funds for exterior lighting repairs; modifying the garage for attic storage; the painting contract; and increased landscape and trash expenses. In addition, snow removal will be going to a new contract.
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