Monaco Estates

MONACO ESTATES HOMEOWNERS’ ASSOCIATION
BUDGET-BOARD MEETING MINUTES
MONDAY, OCTOBER 29, 2018

CALL TO ORDER: The meeting was called to order by Rob Ellison at 6:00 pm.

VERIFY QUORUM: Rob Ellison-President, William Morrison-Vice President and Eugene Ruberte-Treasurer were in attendance. Kathy Watts represented Dragon Property Management.

APPROVAL OF MINUTES:
Bill Morrison made a motion to accept the minutes from the March 24, 2018 Organizational Board Meeting as presented. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ Eugene Ruberte seconded the motion and it passed by unanimous voice vote.

FINANCIALS:
A few owners have not paid their 2018 annual fees and have been charged late fees and financials charges. Liens may also be placed on these properties.

UNFINISHED BUSINESS:

NEW BUSINESS:
2019 Budget: Eugene Ruberte made a motion to approve the 2019 Proposed Budget mailed out to homeowners last month. Bill Morrison seconded the motion and it passed by unanimous voice vote. The approved budget will be mailed with the invoices which will be mailed mid-December. First Notice of the Annual Meeting will be mailed in January once a date for the Annual Meeting is scheduled.

Garage Sale: The community garage sale is scheduled for March 16, 2019.

NEXT MEETING:
The next Board Meeting will be the Annual Meeting in March 2019.

ADJOURNMENT:
With no further business to discuss, Rob Ellison made a motion to adjourn the meeting at 6:30pm. Eugene Ruberte seconded the motion and it passed by unanimous voice vote.

Respectfully submitted,

Kathy Watts
Kathy Watts, CMCA, LCAM
Dragon Property Management