The Commons at Wilmington Island Board Meeting




НазваThe Commons at Wilmington Island Board Meeting
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The Commons at Wilmington Island Board Meeting

October 21, 2008, 6:00 p.m.

Attendees:

  • Mike Garcia

  • Billy Lamas

  • Spencer Luke

  • Paula Brockman



Dues Increase

Due to new insurance regulations and a likely rise in the cost of our insurance premium, dues may have to be increased by $10.00 to $15.00 monthly.

Special assessment

Due to capital projects that need to be initiated or repaired, a special assessment is necessary. The boar proposed and approved a $200.00 special assessment to cover the following items.

  • New functioning camera for security and liability purposes at the front gate. – this includes a recording unit in clubhouse and cameras on each side of the gate - $3,375.00

  • Gate repair to restore functionality - $6,000.00

  • Replace and repair dryer vent covers and maintenance. Clogged and unmaintained dryer vents are a fire hazard. $8,064.00

Total of capital projects - $17,439.00

Units – 144 x $200.00 = $28,800 - $17,439.00 = $11,361.00

(The balance of $11,361.00 may go to replacement reserves)

Mike will mail a letter about the special assessment and it will be due 90 days from the date mailed (est. March 15, 2009)

Lottery

34 Applications have been received.

Paula will review current dues balances and only those with zero balances are eligible.

4 applications will be drawn at random by Commons residents. All subsequent applications drawn will be put on a waiting list in the order drawn.

Paula will mail a letter to each applicant stating the outcome of the lottery. The Board will draft a letter officially granting permanent, non-transferable, leasing rights to the owner and a copy will be kept on file for future reference.

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