Post Oak Forest HOA

July 7, 2013

Amendment to January 17, 2012 Meeting Minutes

Eleanor presented the 2011/2012 budget recapping previous reports and summarized overall plans. Two budget options were presented: the first included an increase in dues and the second did not include an increase. $4K was not spent in 2011, reserving money for capital improvements for 2012.  Increasing dues avoids homeowner assessments for some of the needed improvements (not to include any unforeseen issues).  In the future we will have more of a strategy instead of a band-aide approach to maintenance and repair projects.

It was proposed to increase the annual rate for the cost of keeping the grounds.  The point was made to leave such matters to the Board and not have it micromanaged by homeowners.

Discussion followed, and the budget which included an increase in dues from $75.00 per month to $90.00 per month was voted on and APPROVED!