- Annual meeting coming up on 10/26 ay 10:00 AM at the Bridge View Grill Function Room. Election of two Trustee positions to take place. Candidates’ night at 6:00 PM on Tuesday, 10/16.
- The 2024 budget included an 11% increase in operational expenditures and COA fees, due to a 34% increase in the insurance premium, a situation experienced by all condo associations.
- A new reserve study was presented in December of 2023, which noted that only 12% of fully funded reserve is actually funded. A plan has been implemented to strengthen the reserve fund to an appropriate level.
- Laurel Hill roofing was completed in June.
- A supplemental operations assessment averaging $2000 per unit was levied, to pay current operating obligations.
- A new control panel was installed in the Wastewater Treatment Facility, and the ad hoc WWTF committee is overseeing the relicensing process.
- The pool received a new heater, the showers received a new hot water heater, and a dehumidifier was installed.
- Painting continued on schedule, with 31 units completed.
- Funding of the long-term capital plan was the subject of thorough analysis, discussion, and consideration of options for payment. It was decided to increase the 2025 monthly COA reserve contribution from unit owners to an average of $551/mth, starting January 1, 2025. Although this may negatively impact some sales, it should ensure greater stability for the community, and alleviate the need for additional special assessments.
- The Board recognizes and sincerely thanks the hard work of all the committees that make Brookside such a beautiful community!
- Rob Weber is the new on-site assistant maintenance person.
- The Board has adopted new policies for electric vehicle charging and exterior vents for kitchen range hoods.
