Dear Members of the Association,

The Budget and Annual meeting of the members took place on December 15, 2019. We discussed two very important subjects:

  1. Budget 2020
  2. Waiving or not the statutory reserve as per Florida Statute, Section 718.112(2)(f)

I’m glad to inform the following results:
Regarding the first subject – Budget 2020 was approved with one correction: Add $50k to  the total yearly maintenance collected due to a new contract with the valet service provider. As far as waiving or not the statutory reserve, we received 133 “Yes” and 13 “No”. The reserve has been waived.

Gregori Arzoumanov

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