Annual Meeting Minutes
Meeting called to order December 17, 2014, at 7:11 p.m. in the 870 Inman Clubroom by the Association President, C.J. Sinar. Quorum later established at 7:45 p.m.
Introductions of Andrea Hospodar, with Community Management Associates, Inc., Kristy Cowell and current Board of Directors were made.
A review of minutes from 2013’s annual meeting was conducted.
C.J. Sinar, President of the Board of Directors, highlighted 870 Inman's 2014 accomplishments: (1) purchase of front lobby office space, (2) shift to CMA, new property management company, (3) retention of Kristy Cowell as our property manager, (4) increased presence of Inman Park Police, and (5) sale of commercial retail space.
Mr. Sinar outlined 870 Inman’s plan to repay the capital reserves for the purchase of our front lobby office space through a Special Assessment (due February 1, 2015) and a three percent (3%) increase of HOA dues (effective January 2015). Now that the front lobby office space is owned by the building, as opposed to the developers, it has been classified as a common space and is tax-exempt.
Chris Cox, Treasurer of the Board of Directors, presented the proposed budget followed by an open floor for questions and answers.
To adopt the 2015 Operating Budget; the motion was seconded.
Unanimous approval; the motion carried.
2015 Operating Budget is adopted.
The Board of Directors positions currently held by C.J. Sinar and Nick Scott were up for re-election. As there were not any nominations received, C.J. Sinar and Nick Scott will continue to serve as president and vice president, respectively.
A motion to adjourn was made; the motion was seconded. The motion carried unanimously. Meeting adjourned at 7:55 p.m.