Arbor Grove Announcements |
Important items from December Board Meeting
Posted on Dec 19th
Thank you to the many who attended the board meeting last evening. As important issues were discussed, we provided an audio recording for those who could not participate. The audio is approximately 45 minutes long. The links were sent yesterday in an email. Email me at rwieliczko@aol.com if you cannot access the recording. To summarize a few of the topics: - A reminder that with the covenant change during the annual meeting, each owner must have $ 1 million of liability coverage by the end of the year. If you have not done so, please call your insurance agent to get this done. - A Certificate of Insurance and Building Permit Policy was passed requiring any owner who hires a contractor to do work on the exterior of their home to secure a certificate of insurance. Also, exterior work requires the owner to obtain approval from the appropriate committee. - As discussed at the last board meeting, our commercial insurance provider provided notice they would not renew the policy in December as they were no longer in that type of business. We secured a Cincinnati Insurance Co. policy after an extensive search with multiple companies. There is a detailed discussion in the audio recording. The bottom line is the commercial insurance for 2025 is significantly higher than what was paid in 2024 and budgeted for 2025. Therefore, the board is developing a Revised 2025 Budget to increase HOA fees. Once complete, you will receive the revised budget, which you can expect in January.
2024 December Financials Posted
Posted on Dec 18th
The financials for the December Board meeting are posted. These are drafts, as the reports will be reviewed and accepted at tonight's board meeting. The reports can be viewed under the Documents tab on the home page, selecting 2024 December Financials from the list. You will be asked to log in to view reports.
Minutes of the Annual Meeting of the Board Posted
Posted on Nov 26th
A draft of the minutes of the Annual Meeting or the Board and Owners is posted. You can view them under the Documents tab by selecting Board Minutes. The minutes include a summary of the covenant changes passed by the owners at the meeting. |
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