Highlights from October's PHHOA Board of Directors' Meeting

Highlights from Tuesday evening's Board of Directors' Meeting

Key Items of discussion included:

1. Treasurer Margaret Greco provided the proposed 2012 budget overview. She is recommending a $10 increase in the annual assessment from $275 to $285 per lot.  Errors & Omissions liability insurance for the Board of Directors was also discussed as part of the budget discussion with an annual insurance premium cost of approximately $843 to the HOA. The Board of Directors agreed to defer further discussion on the proposed 2012 budget and E & O insurance until the November General Meeting so that the membership has the opportunity to provide comments and input.  Margaret advised that beginning next year, the HOA will be required to file an IRS statement as our 2011 assessment & other revenues exceeded the $25,000 reporting threshold for non-profit organizations. 

2. Margaret also announced that she will not be seeking reelection as a Director. Her term expires at the end of this year having served as our Treasurer for two terms which is four years.   

3. Following discussion among the Board members and members attendees, the Board voted to support the ACC' s recommendation to change the custodian of the HOA property files and associated documentation from the ACC to Secretary Sharon Ricks.

4. Crime Watch Captain Bill Thompson outlined his communication ideas to increase safety & crime awareness in our community.

5. VP Al Walker advised that the front entrance outdoor light sockets are in need of replacement due to corrosion. The lights will be replaced with a more watertight & bug proof type at a cost of approximately $150.  There will be no labor charges for the lighting changeout as Al and his son, Al will perform the work themselves.

 Our next meeting is the annual General Meeting scheduled for November 15, 2011 at the Shady Hills Methodist Church. Directions were provided in the October Newsletter. In the meantime, our Preston Hollow weblog is an excellent source of information for the membership. That link is:

http://prestonhollowhoa.blogspot.com/

Kurt Naser

President, for the Preston Hollow Board of Directors

Notice of Important United Communties Meeting for October 24th

Property owners need protection from scammers

The Times had a very important article that all Florida Property owners need to know about. I am providing the link and suggest that you read this informative article. Here is the first paragraph....

It is now easier in Florida to lay claim to someone's house than to get a driver's license, apparently. All scammers need to do is file a notarized form with the county clerk's office and pay a fee to have a deed recorded, clouding the property's title, often without the legal owner even being aware. Exactly why Jacob Franz Dyck, a self-described "sovereign citizen," has perpetrated this scheme hundreds of times across Florida is unclear. But in his wake are victimized homeowners who could be forced to pay thousands of dollars to reclaim a clear title. Florida's Legislature needs to close this unintentional loophole to protect property owners.