WAVERLY HUNDRED HOMEOWNERS ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING

DATE:                        Wednesday, October 24^th, 2012

TIME:                         7:30 P.M.

LOCATION:              Ivanhoe Community Center

6101 SW 148^th Avenue

Davie, Florida 33331

PRESENT:                          John Ayala – Director

                                                Kathie Carlisle – Secretary

                                                Josephine Milone - Director                                               

ABSENT:                              Tina Franetic – President

                                                Mike Hapsas - Director                   

ALSO PRESENT:               Gloria Fuentes- Exclusive Property Management

3 homeowners were present.

CALL TO ORDER:            

Kathy Carlisle, Secretary called the meeting to order at 7:34 PM having established a quorum.

MINUTES:

A MOTION was made by John Ayala to approve the minutes of July 25^th, 2012. 2nd by Josephine Milone and APPROVED by Kathy Carlisle 3.3.

MOTIONS:

A motion was made by Josephine Milone to approve the proposal from LJ Property Maintenance to pressure clean the walls and sidewalks.  2^nd by John Ayala and APPROVED by Kathy Carlisle 3.3.  This expense and the holiday lights need to be paid out of reserves. 

No discussion was made regarding Hapsas Agreement.

OPEN FORUM TO THE MEMBERSHIP:

2 members were present and questions were taken during this time as the legal portion would be closed to the members.

MANAGEMENT REPORT:

The Property Manager presented the management report to the Board.

FINANCIAL REVIEW:

The Financial Statement for the period ending September 30^th.

Manager reviewed 2013 proposed budget with the board and the board requested to explain the variance and adjustment.

Board requested Manager to contact the City regarding the trees in Ashby Field Road that need trimming.

COLLECTIONS:

Board reviewed the delinquency report and the status report with the Manager. 

ADJOURNMENT:  

A Motion to ADJOURN at 8:35 PM was made by Kathy Carlisle.  2^nd by John. 

Respectfully submitted

Gloria Fuentes, Exclusive Property Management

Date:_____________    Approved by :__________________________________