Monaco Estates

MONACO ESTATES HOMEOWNERS’ ASSOCIATION
BUDGET-BOARD MEETING MINUTES
SATURDAY, NOVEMBER 04, 2017

CALL TO ORDER: The meeting was called to order by Rob Ellison at 3:15 pm.

VERIFY QUORUM: Rob Ellison-President and William Morrison-Vice President were in attendance. Eugene Ruberte-Treasurer attended via speaker phone. Kathy Watts represented Dragon Property Management.

APPROVAL OF MINUTES:
Bill Morrison made a motion to accept the minutes from the March 18, 2017 Organizational Board Meeting as presented. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ Eugene Ruberte seconded the motion and it passed by unanimous voice vote.

FINANCIALS:
The Board felt it was in the association’s best interest to instruct the attorney to push the bank foreclosure on a specific past due owner instead of paying for the association to foreclose and take the chance of receiving title to the property then renting it. Kathy will contact the attorney and give the instructions.

UNFINISHED BUSINESS:

NEW BUSINESS:
2018 Budget: Bob Ellison made a motion to approve the 2018 Proposed Budget mailed out to homeowners last month. Eugene Ruberte seconded the motion and it passed by unanimous voice vote. The approved budget will be mailed with the invoices which will be mailed mid-December. First Notice of the Annual Meeting will be mailed in January once a date for the Annual Meeting is scheduled.
Garage Sale: The community garage sale is scheduled for some time in the Spring. Eugene will put the information on Craig’s List and put up the signs.
Roofing: Some owners have requested approval for metal roofs. Eugene suggested they be allowed but that the association only have 3 or 4 approved colors so the metal roof will blend in with the existing roofing colors.
Entrance: Kathy requested the landscaper be allowed to plant poinsettias at the entrance for the holidays. The request was approved with a limit of $200. It will also be requested that the landscaper provide an estimate on replacing damaged plants in the entrance.

NEXT MEETING: The next Board Meeting will be the Annual Meeting in March 2018.

ADJOURNMENT: With no further business to discuss, Rob Ellison made a motion to adjourn the meeting at 3:50pm. Eugene Ruberte seconded the motion and it passed by unanimous voice vote.

Respectfully submitted, Kathy Watts Kathy Watts, CMCA, LCAM Dragon Property Management