Meeting Minutes from May 2005 meeting
Overseas Village Homeowners Association, Inc.
Regular Meeting,
MINUTES
President Derrick Johnson called the meeting
to order at
Members present were:
Melissa Blanco (#1)
Jennifer
Mixon-Eick (#4a)
Gina Hipson (#5a)
Jennifer Mazzeo
(#6)
Derrick
Johnson (#7)
John
Crawford (#9)
Jeanine
Bowyer (#11)
Rick
Casey (MKCLT)
New member Jennifer Mixon-Eick (#4a) was
introduced and welcomed.
Issues
Discussed/Outcomes:
Issues
Pending with Singh Co.
Financial
Rick Casey (MKCLT) provided members with
income/expense report and deposit/check record. A
summary report is provided:
Income
Loan from MKCLT
$1,000.00
Financial
Monthly Assessments $1,300.50
Summary
Deposits (New Owners)
$ 548.80
TOTAL INCOME
$2,849.00
Expenses
FKAA Deposit (1 of 2)
$830.00
FKEC Deposit (1 of 2)
$
20.00
FKEC Deposit (2 f 2)
$520.00
TOTAL EXPENSES
$1,376.00
BANK BALANCE
$1,473.30
Owe $1,100 on property insurance and $2,450
to FKAA for additional deposit and do not have sufficient funds to cover.
Plan is to purchase the insurance coverage before
One resident owes the April assessment
($139.50) and one resident owes the HOA assessment ($94.50).
May assessments now due. First
Board voted to adopt a policy for late
payments of assessments. Payments
not received in the month which they are due will be assessed a $25.00 late fee.
Action (legal) to collect past due
assessments will begin when a member is 90 days past due.
First action at 90 days is to send a demand letter and provide 10 days to
pay.
Announcements:
Copyright © 2005-2007, 2008 Overseas Village LLC. All rights
reserved.
Revised: December 27, 2007