Call To Order at 9:14 am

Members Present

Michael Parrie; Monique Fouant; Jean Shamo; Paul Heck

Members Absent

David Nicosia

Management

Timothy Patricio, Poperty Manager; Amir Cobalovic, Assistant Manager

Statement of Purpose of Meeting

Board Treasurer Jean Shamo explained that the meeting was to review the next sections in the budget, Reserve, Income and Assessments, and to discuss and follow up on any other issues the Board or Committee Members have. She also welcomed Board Member Paul Heck, who was appointed to fill the open position left by George Pauley who resigned.

Approval of Minutes

After a motion by Monique Fouant, seconded by Jean Shamo, the Board of Directors voted unanimously in favor of a resolution to approve the minutes of the Board of Directors meeting held on Saturday November 12th, 2016.

Review Of Proposed Budget

Jean Shamo initiated discussion and review of the Reserve, Income and Assessment categories on the budget. Management addressed questions and feedback from the Board and Committee Members and noted any questions for follow up at a future meeting. Management was directed to make any discussed budgets and with any net change, adjust the Reserve Contribution such that the Assessment increase is 3.5%.

Adjournment

After a motion by Michael Parrie, seconded by Jean Shamo, the Board of Directors voted unanimously in favor of adjourning the meeting at 12:15pm.

Signed (as seen on pdf, clickable at upper right corner of these minutes)

Michael Parrie, President

David Nicosia, Secretary