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:
- Budget 2020
- 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.