Special Meeting on Monday
247 FOURTH STREET LOFTS HOMEOWNERS ASSOCIATION
Special Board of Directors Meeting
Loft #105
August 29, 2005
Special Board of Directors Meeting
Loft #105
August 29, 2005
AGENDA
- Call to Order – 7:00 p.m.
- Discussion re: dues increase. At the regular August 2005 Meeting the Board agreed as follows concerning dues: (a) a 4% dues increase plus (2) a one time annual assessment of 6% to be charged to residents on a monthly basis. After review, it has been determined that the Board’s authority for an annual assessment is limited to 5%. Therefore, the Board will consider a motion to reduce the previously agreed upon annual assessment from 6% to 5%.