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Proxy Vote

posted Jan 25, 2020, 4:43 AM by Micheline LeBlanc   [ updated Jan 25, 2020, 4:43 AM ]

This is an explanation of question #2 on the proxy recently mailed to you.

 

An example of a “non-scheduled purpose” could be if a hurricane damaged the clubhouse and the cost is greater than what is budgeted for such an event, then the board is authorized to use reserve funds for the repair and, under the law, these funds must be reimbursed within the fiscal year.  This is a Florida Statute and all associations adhere to it.

No reserves will ever be used for other purposes ,  which  includes the newly purchased land.