Waterford Lakes Homeowners Association

Waterford Lakes HOA Minutes

Monday, February 29, 2016

February 2016 Board Minutes


Meeting was called to order at 6:30 pm and the Pledge of Allegiance was recited by all.
Board: Maggie Jones, Suzie Jamerson, Don Ulrey, Cathy Winterrowd and Mike Barr were present. PSG Management: Larry Edwards and Susan Keene were present.
Minutes from last meeting were approved.              
 Don Ulrey's treasurer's report:      1% of the budget
Jan. income:...$13,520.43                                   
Jan.  Expenses:...$2000.31
Jan.  Net income…$11,520.12                              
Jan.  Checking account balance:....$30,448.75
Jan.  Net Worth:...$142,042.23  (Roofing Reserve Fund)      
Jan.  Reserve Fund: .....$142,042.23
Architectural Report:  none
Social Committee Report: Suzie continues to visit residents with flowers and get well wishes. 
New Business/Old Business:    OLD:  The Board is now informing all residents that an HOA fee increase is inevitable and will occur this coming January 2017 resulting in a fee INCREASE of approximately $25.00 per month.  The HOA fee will then be $150.00 a month replacing the current fee of $125.00 per month.   All residents should prepare now for this increase to occur beginning January 1, 2017.    
NEW:   Small pond fountain across from the clubhouse is nonfunctioning and cannot be repaired. A motion was made and voted on to postpone replacement of this fountain.  (cost was approx. $3700).  A new phone listing is printed.   Please:  notify Suzie of any corrections.   Jean Phillips is requesting donations of candles in glass or tin for the homeless. These will provide light and warmth. Drop off any donations at her address of 229 Waterford Ct.   Caution if you are renting the clubhouse, PLEASE do not drag the wooden tables. Table legs are old and weak. Please lift tables when moving them.       
The Annual meeting will be held on April 21, 2017 at 6:30 p.m at the clubhouse.   We encourage all residents to attend and to vote.   We would also like to inform you that there will be a vacant spot on the board to elect a new member at this annual meeting.   If any resident is interested and would like to represent our community by becoming a board member, please contact Susan Keene at PSG to have your name placed on the ballot for election.    Election will be held in April.
Attention:       PLEASE: remember to pick up after your pets after they do their business, including common areas.
 Motion made to Adjourn. Next meeting, March 17th, 2016 @ 6:30pm
Minutes prepared by Suzie Jamerson HOA secretary.
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