November 2008 Danawoods Mintues
December 6, 2008
Here are some excerpts from the November meeting of the Danawoods HOA Board of Directors:
Landscape Contract: The Board reviewed the new contract submitted from O’Connell Landscape for the upcoming year 2009. A motion was made, seconded, and unanimously carried to approve the contract submitted from O’Connell Landscape with no increase for the year 2009. The monthly contract price will remain at $7,891.36.
Reserve Study: The Board reviewed the revised reserve study submitted by Foresight Financial Services. A motion was made, seconded, and unanimously carried to approve the study with the Association showing a level of funding at 79%.
Budget 2009: The Board reviewed two (2) different options for the upcoming 2009 budget. A motion was made, seconded, and carried to approve the version of the budget showing no increase in the monthly assessment and an increase in the management company’s contract of 3%.
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