Post Oak Forest Board Meeting
Nov. 14, 2012
Present: Kim, Eleanor, Bob, Carol, Rhonda, Tim, Joyce, Laura
Meeting was called to order at 7:06pm
Oct. minutes were read and approved
Agenda:
- Funding the road repair
- Budget
- Board for next year
Presidents report
Kim took bylaws and covenants to Mr. Stacey, Atty.-for review. Asked for a response by Dec. 1st. Mr. Stacey mentioned that the reason new laws were developed is because of HOAs foreclosing on homes because of a small liens.
Funding the road repair
Offering homeowners the ability to purchase additional property could be used as a method for raising funds to pay for road repair. Details and specific guidelines (changes to by-laws) would have to be developed that outline square footage available to purchase, replacing fences, cost, re-plat costs, etc. Waiting until 2014 is feasible since the roads are not in such a bad state. The extra time allows us to build our capital improvement funds and if homeowners are interested in purchasing land, time to work out the details of purchase. This will be presented at the annual meeting.
Budget
2013 Proposed Budget was passed around for review. The 2013 budget was accepted and approved. It will be presented at the annual meeting.
Board for next year
We need another Board member. It was proposed that Kim send a letter to homes not currently represented on the Board as a call to action, find volunteers to host the annual progressive dinner and will also invite homeowners to attend annual meeting.
Grounds report
Trees (13-14) were planted!
Misc
It was moved and approved to give Antonio a $500 bonus.
Next Board meeting is Dec. 3rd
Meeting was adjourned at 8