Harbor Owners’ Association, Inc.
Minutes of the Budget Meeting
held on October 24, 2013 at 6:00 P.M.
in the onsite Clubhouse
1. Call to Order &
Establishment of Quorum:
The meeting was called to
order by President Richard Kleinhans at 6:00 pm. Vice President Bill
Allen, Directors Mary Dillon, Frank Carotenuto and Butch VanGraafeiland
were also in attendance. Sec/Treasurer Sam Bovalino and Ken Lewis attended
via the conference phone. Richard Marquis and Bob Philbrook were
not able to attend. Three (3) unit owners attended along with
Kathy Watts from Dragon Property. With a quorum of Board members
established, the meeting continued.
2 Proof of meeting
Kathy stated that the meeting notice was mailed to all owners and properly
3. Approval of Minutes
from the April 25, 2013 Board Meeting:
Bill Allen made a motion
to approve the minutes of April 25, 2013 as written. Butch VanGraafeiland
seconded the motion and it passed by unanimous voice vote.
Report – Sam Bovalino:
Kathy reported for Sam that
as of September 30, 2013 the Association has $23,006.31 in the Operating
account and $270,623.66 in Reserves. The Association is in good shape
and all bills are paid.
from audience regarding the 2014 Budget:
Questions from the owners
were answered and the Association acquired an updated appraisal in 2013.
Approval of the 2014 Budget:
Frank Carotenuto made a
motion to approve the 2014 Budget as presented. The fees will be
$381 for a 2 bedroom and $430 for a 3 bedroom. Bill Allen seconded
the motion and it passed by unanimous voice vote.
The parking lot was
resealed and the association may consider purchasing plastic car stops
instead of the concrete next time.
8. New Business:
date for next meeting:
The next meeting of the
Association will be November 21, 2013 at 6:00pm and the Annual Meeting
is scheduled for Wednesday, January 22, 2014 at 6:00pm.
With no further business
to discuss, Bill Allen made a motion to adjourn the meeting at 6:25 p.m.
Mary Dillon seconded the motion and it passed by unanimous voice vote.
Community Association Manager
Dragon Property Management