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Call for Nominations and Note of Annual Meeting (Monday, June 15, 2015 @ 7:30PM in the 3842 Basement File Room)
Tucked behind the Budget notice was also a Call for Nominations And Notice of Annual Meeting. It was easy to over look, so I’m attaching a copy below this post.
It’s just about time for the annual meeting, which is scheduled, per the bylaws, for Monday, June 15, 2015 @ 7:30PM in the 3842 Basement File Room.
The primary purpose of the annual meeting is the election of representatives to the Board of Directors. Each Director’s term is for 3 years, and with 5 directors this allowed for a pattern of 2 – 2 – 1 members elected each year. Sadly, this past year board member Jean Clarren unexpectedly passed away, leaving an additional vacancy on the board. That means that there are 3 positions currently open on the board, as both Josh Marciano and myself (Greg Yingling) have terms ending this year.
This means that two of the open positions are for full 3 year terms, and 1 is to fill the remainder of Jean’s term, which is 1 year.
I intend to run again, but I believe we are seeking candidates to fill both Josh and Jean’s seats.
I encourage anyone who’s interested in running to fill out a candidate interest form, which you can find on the back of the mailing, or the second page of the attached document.
The Board of Directors serves on a volunteer basis (there is no pay, nor are there any incentives) and gives its time freely, however, serving on the Board of Directors does provide an opportunity for a unit owner to become directly involved in the operation of the condominium.
By now, you should all have received notice in the mail of this year’s Budget Meeting, which is scheduled for TODAY Friday, May 29th, 2014 at 7:30PM in the 3842 Basement Meeting Room.
I kept trying to get this update out sooner, but things kept coming up.
If you have questions or comments, please prepare them beforehand and submit them to Shea Management via e-mail (email@example.com). Please specify that it is for Grand Bel Manor Condominium. Doing so allows us to better answer your questions, and allows the meeting to end that much sooner.
This year, we are proposing a modest 2% increase in the condominium fee. As I state every year since joining the board, it is my firmly held belief that there should almost always be a very modest increase. The reasons are many, but I’ll state some of them here. The first, obviously, is to cover for inflation. The second is to help build back up our reserves, something we’ve been struggling to do since before I joined the board, and the third is to provide a buffer to prevent us from ever needing a special assessment or larger increase.
These small increases allow owners to better prepare and adjust their monthly budgets so they can pay all their bills. If we raised condo fees less frequently, but to a greater degree, more residents would struggle to find the extra money necessary on hand.
Thank you, and I look forward to see you all tonight.