WAVERLY HUNDRED HOMEOWNERS ASSOCIATION, INC.
2011 BUDGET MEETING
BOARD OF DIRECTORS
DATE: Wednesday, December 28, 2011
TIME: 7:30 P.M.
LOCATION: Ivanhoe Community Center
6101 SW 148th Avenue
Davie, Florida 33331
MINUTES
Pursuant to call upon proper notice, the meeting of the Board of Directors was held on December 28, 2011.
PRESENT: Tina Franetic – President
John Ayala – Director
Kathie Carlisle – Secretary
Mike Hapsas – Director
ALSO PRESENT: Lori Blitz- Exclusive Property Management
CALL TO ORDER:
Tina Franetic, President called the meeting to order at 7:46 PM having established a quorum. The Property Manager confirmed that there was a quorum of the Membership.
BUDGET:
The 2012 Proposed Budget was discussed. It was noted that the 2011 Budget did not include Reserves for the common areas, additional management fees and landscaping.
The Property Manager and Board addressed the Members questions relating to the Proposed Budget.
The Membership voted to waive Reserves for the 2012 Budget.
A MOTION was made by Tina Franetic to approve the 2012 Proposed Budget without Reserves with a 2nd by John Ayala, 3rd by Kathie Carlisle and APPROVED by Mike Hapsas 4:4.
ADJOURNMENT:
A Motion to ADJOURN at 8:52 PM was made by Tina Franetic 4:4.
Respectfully submitted
Lori Blitz, Exclusive Property Management
Date: Feb. 22, 2012 Approved by: Tina Franetic