Beverly Oaks Homeowners Association First Voting Period 2013to be completed on March 15, 2013 You will receive a confirming copy of your choices by e-mail. If you do not receive the confirmation within 15 minutes, please re-vote.
Proposal 1: $500 to Complete the Traffic Spike Refurbishment Overview: $6,000 in capital funds were approved in 2012 for the replacement of the traffic spikes. This price was based on vendor quotes. The Association located the original spike manufacturer and was able to buy replacement parts for $3,200. $500 are now needed to install the parts. The photo shows 1 of the 4 broken spike assemblies and 1 replacement spike assembly. Proposed: It is proposed to that the Association complete the refurbishment of the traffic spikes at the end of the exit alley for a capital cost of $500. Board Recommendation: The Board of Directors recommends this expenditure. Impact: No impact on monthly dues rate. 3.3% reduction of capital reserve. This project is being completed within budget.
2013 BUDGET
The 2012 actual spending is available here. The Association came in $5,700 under the expense budget (there were no spending overruns) . The following additional projects (see below, if approved, will be additive to the 2013 rate stated above.