Call to Order: The meeting was called to order by President Jordan Zueger at 6:00p.m.

Establishment of Quorum:
Board members present were: Jordan Zueger-President, Jason Andersen-Vice Pres, Don Drake-Secretary, and Director Marlene Blankenship. Kim Lucks-Treasurer was not able to attend. Kathy Watts represented Dragon Property Management.

Approval of Minutes from September 12, 2022 Board Meeting:
Jordan Zueger made a motion to approve the September 12, 2022 Board Meeting minutes. Don Drake seconded the motion and the motion passed by unanimous voice vote.

Treasurers Report: Manager Kathy Watts reported that all bills are paid and the Reserves are being funded on time. Owners that are past due have received statements and 45 Day Demand notices then will be sent to the attorney for collection.

Old Business:

New Business:
Board approval of 2023 Budget:
Kathy stated that Florida Statute requires the Board to prepare a budget that includes 100% funding of reserves.

Approve 2023 Budget: Jordan Zueger motioned to approve the 2023 Proposed Budget with 100% reserve funding and a monthly assessment of $265 per unit per month. Don Drake seconded the motion and it passed by unanimous voice vote.

Monthly assessments will be increased to $265.00 per month for the Association fee. Those that use BillPay are requested to update their auto pay for January 1, 2023. New coupon booklets should be out sometime in December. ALL checks must be made payable to Camelot Residences for Association Fees and Camelot Land Lease for Land Lease fees. DO NOT make them payable to Dragon Property nor combine Association fees and Land Lease fees on one check.

Current Projects:
Roof: After 4-1/2 years, we have accepted a settlement for the roofs in the amount of $250,000. Even though it’s a large number, it is not enough to replace all the buildings. The Board, along with the roofer, will decide which roofs are in dire need of replacement. The others will be repaired until more funds are available.

Announcements:

Next Board Meeting:
-The next meeting is scheduled for Monday, December 5, 2022 at 6:00pm in the on-site office to discuss a possible Special Assessment. -The annual meeting is scheduled for Monday, February 13, 2023 at 6:00pm at the Titusville, Library. First notices will be mailed by December 13, 2022.

Adjournment:
With no further business to discuss, Jordan Zueger made a motion to adjourn the meeting at 6:50p.m. Don Drake seconded the motion and it passed by unanimous voice vote.

Respectfully submitted,

Kathy Watts
Kathy Watts, CMCA, LCAM
Dragon Property Management
Board of Directors, Camelot Residences Association, Inc.