BOD Election Results & Report of Annual Meeting

The following are highlights of our Annual Meeting held on January 16, 2018

(These highlights were not prepared by the Board. They were prepared by an attendee of the meeting and are presented to keep unit owners up to date until the official meeting minutes become available after they are approved next year.)

  • BOARD OF DIRECTORS ELECTION RESULTS:
    – BRIAN WELLS WAS RE-ELECTED
    – ALLAN PUTNAM WAS NEWLY ELECTED

  • 82 Unit Owners were represented at the meeting either in person for by proxy.

  • The meeting minutes of the Preceding Annual Meeting and the Special October Bylaws Meeting were approved by Unit Owners
    Approved Meeting Minutes of the Preceding Annual Meeting
    Approved Meeting Minutes of the Special ByLaws Meeting

  • Report on Status of the Association
    a. Our Treasurer Dick Loschi gave a review of the association’s financial condition.
    – As a result of there being very few unexpected expenses in the past year, we are in very good financial condition.
    – Our operating and long term reserves are on target.
    – There is no danger of assessments being raised in the near term.
    b. Brian Wells and Liz Lannigan reviewed last years accomplishments:
    – Revision of our Bylaws to bring them into compliance with NH State Law has been completed.
    – Work on transitioning from a developer based community to Unit Owner based community is nearly complete.
    – Two year Snow Removal and Landscaping contracts have been negotiated and approved. ($60,000 per year for snow removal; $85,000 per year for landscaping)
    c. The 2018 Budget was reviewed and ratified by Unit Owners
    Click here to see approved 2018 Budget.

  • The Annual Resolution required to exempt the HOA from paying income taxes was also approved by unit owners.
  • Leave a Reply