A big thank
you to all the owners who heeded my persistent calls to return your proxies. A
large surge of proxy submissions in the last week – and especially the last few days – propelled owner participation
to a near-record high, allowing us to avoid a maintenance fee increase while improving board
accountability by downsizing the board of directors.
Of the more
than 450 owners who returned their proxies, over 95 percent voted to waive
reserves, while 60 percent voted to reduce the board's size from seven to five members. That means there
will be no increase in maintenance fees for the fourth year in a row, and
owners will elect two instead of four directors in the upcoming election, leaving the board with five members beginning in February.
Although Irma-related expenses meant we couldn't reduce maintenance fees again as we did the last three years in a row, owners who are still paying
their Hurricane Wilma special assessment can look forward to a big
break in 2018 because the special assessment ends in the summer, the last payment being
due in July.
Once again, thank you to the many owners who took part in this important election, regardless of how you voted. It is your continued participation that keeps International Village vibrant and strong.
John Labriola
International Village President
On behalf of International Village, I’d like to wish all unit owners a very merry and blessed Christmas. We have a lot to celebrate as we look back on 2017, including surviving Hurricane Irma, continued progress on our building renovations, and the fourth year in a row with no increase in maintenance fees.
A big thank
you to all the owners who heeded my persistent calls to return your proxies. A
large surge of proxy submissions in the last week – and especially the last few days – propelled owner participation
to a near-record high, allowing us to avoid a maintenance fee increase while improving board
accountability by downsizing the board of directors.
Thank you to all the International Village owners who turned in your proxies over the last week. We are now much closer to the number needed to avoid a maintenance fee increase, but we must receive your proxy no later than Tuesday, Dec. 5 at 7 p.m., which is the time of the budget meeting. If you haven’t already done so, please CLICK HERE to download a proxy, then print it, fill it out, sign it, scan or snap a picture of it and email it back as soon as possible. (To avoid higher fees and downsize the board of directors for greater accountability, vote "YES" on #1 and "YES" on #2.) 