| Sunday, January 28, 2007 Annual Meeting of the Skyline Ridge Property Owners' Association |
Skyline Ridge Property Owner's Association
Annual meeting January 2008
Minutes
The annual meeting of the Skyline Ridge Property Owner's Association was held in the Becket Town hall on January 26, 2008 from 1:00 PM to 3:00 PM.
Present (according to the sign in sheet):
Sal and Tonya Barbaro
Sean McGlone
Stanley Borko
Bean and Henry Rowland
Barbara and Martin Winters
Frank and Marge Rizza
Jack Dos Santos.
The following was the agenda presented to the members:
Review of Association Finances
Discussion of road related issues
Announcement about new Webmaster/mistress requirements
Election of Officers
Collection of sign-in sheets
The meeting proceeded as follows:
Although there was extensive discussion on most of these issues, with some very good suggestions these minutes do not try to capture all of the discussion, just the salient points of the discussion.
Association Finances
Total Dues collected for 2007: $15,325.00, includes all late fees collected out of $15,675 budgeted
Dues and/or late fees not paid:
Total 2007 dues/late fees still due: $3,100.
Total Expenses for 2007:
Note: Due to surplus, there will be no dues increase in 2008.
Total collected to date for 2008: $14,125, including late fees, out of $15,675 budgeted.
Dues and/or late fees not paid, as of 2/23/08:
NOTE: Liens have been placed on Lot 1, 4, 21 and 25 due to late or non-existant or partial payments only.
Expenses projected for 2008:
Discussion of road related issues
Web needs
Skyline Ridge Property Owner's Association is in dire need of a web master/mistress. The responsibilities include updating and keeping current the web site of www. Skylineridgebecket.org. If no owner steps forward, our costs for our website will remain and may in fact grow. If anyone has the talent to maintain a website, please let one of the directors know.
Election of officers
Frank T. Rizza was the only director standing for election and he was nominated and elected for a three year term by a unanimous vote of those present and of those who sent in proxy ballots. Frank will continue as the Association Treasurer.
Other business discussed
$50 for the first month or part of a month that a payment is late
$50 for the second month
$50 for the third month
$100 for the fourth month
After the start of the fourth month, 12% interest will be charged to all fees due, including late fees
$200 for the fifth month
$300 for the sixth month
$400 for the seventh month
$500 for the eight month
$600 for the ninth month
$700 for the tenth month
$800 for the eleventh month
$900 for the twelfth month. All late fees accrue on the first of the month.
It has been requested and noted that dues that are payable immediately after the holiday season may be a hardship for some owners. In addition, the dues payable date of December 31st often means that the bulk of the dues arrive after the fairly large expense of our insurance comes due in November. Therefore, the board has decided that dues will eventually be due on June 30th. To make this transaction as smooth as possible, the due date for dues will be moved up one month per year until the dues date of June 30th is accomplished. Therefore dues for the next six years will be due as follows:
It was also noted that the Association does send out dues notices, but it is the owner's responsibility to pay the dues on time, regardless of when/if they receive an invoice. Any late payments, regardless of claims regarding receipt of invoices will be assessed late fees, and it is the owner's responsibility to notify the association of any changes in address and notify any person to whom a property is sold that they are responsible for notifying Skyline Ridge Property Owner's Association of the new owner's name, address and other contact information.
Sign in sheets were collected.
A motion was made to adjourn the meeting it was seconded, voted upon and the meeting was adjourned.
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