COUNTRY VILLAGE HOMEOWNERS ASSOCIATION
Minutes – September 12, 2016
Attendees: Sharon
Eichmann, Max Roe, Betty Shaw, Jane Stevenson
Absent: John Hedge
PSG: Larry Edwards,
Susan Keene
Homeowners
Present: Veronica Coleman, Steve Linson,
and Kathy Messer
The meeting was called to order at
6:45 pm at the Harrison by Board President, Max Roe.
Jane Stevenson read the minutes
from the August Meeting. Sharon Eichmann
motioned to accept as read and Betty Shaw 2nd the motion.
Susan Keene reviewed the financials.
Jane Stevenson motioned to accept
financial information as presented and was seconded by Betty Shaw. Susan Keene apologized that the financials
are not current on the web site and will get them brought current this
week. She also reported there have been
some inquiry asking what percentage of the HOA fee is designated to the reserve
account. FHA requires 10%. Country Village is not FHA approved. The board has discussed this and there is too
much cost associated to being FHA approved and the process and cost is
annual. The percentage of the HOA fee
applied to the reserve is 7%.
Susan also presented a recommended
budget for 2017. After a review, it was
decided that legal fees be reduced back to our usual $3,000.00 from a proposed
budget of $9,000.00 and place the $6,000.00 where needed. Several other line items had been increased
such as tree work, seeding, concrete, vegetation and decking. The budget will be reviewed at the annual
meeting. Homeowners should plan for an
increase of the HOA fee for 2017 to $160.00.
A Newsletter from the board will be
going out to address new Indiana Code governing elections and proxy
voting. Additionally, information will
be included detailing information for trash collection. Please note this is an authorized newsletter
from your board of directors.
During the executive session, the
board voted to not conduct a meeting in October as the Budget work has been
completed.
Mark your calendar for November 14th,
2016 for the Annual Meeting. Location to
be determined.
This concluded the general meeting
at 8:00, Max thanked those homeowners present for their interest and
attendance.
No further business, Max Roe called
for a motion to adjourn. Jane Motioned
and Betty 2nd the motion
Respectfully,
Jane Stevenson, Recording Secretary
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