Happy New Year / Budget Update

I hope everyone had a wonderful Christmas, whether you spent it abroad, up north, or here in sunny South Florida.

The Board of Directors held its annual budget meeting as scheduled on Dec. 27. However, we were unable to approve the proposed budget because not enough owners had returned their budget proxies yet. In order to be able to approve the budget with reserves waived, the association would have needed to get back approximately 270 proxies (a third of the membership) but so far has received only about 180.  Consequently, the board decided to postpone the budget meeting until Tuesday, Jan. 15 at 7 p.m. to give owners who haven’t already done so enough time to return their proxies to the association office. If the association still does not receive a sufficient number of proxies by Jan. 15, the only budget the board will be allowed under state law to consider is one with fully funded reserves – which, as previously noted, would result in a whopping 22 percent maintenance fee increase! So if you haven’t yet done so, please be sure to return the proxies you received in the mail as soon as possible. You may also download the proxy here, print it, sign it, vote it and email it to NAyala@condominiumconcepts.com.

Finally, the association is hosting a New Year’s party this Saturday, Dec. 29 at 6:30 p.m. in the clubhouse, with food and entertainment. So come celebrate the new year with us!

John Labriola
International Village President