VOTING RESULTS
The following item needed a two thirds majority vote for approval:
SPECIAL ASSESSMENT AND BOARD AUTHORITY FOR BRIDGE REPLACEMENT PROJECT
Approve a Special Assessment in the maximum principal amount of $5,596,660.00 ($22,297.45 per lot), and approve the Board of Trustee’s authority and authorization to act on behalf of the Association to administer and facilitate all aspects of the bridge replacement project including but not limited to securing financing, entering contracts and purchasing supplies, expending regular and special assessment funds and borrowed amounts to pay project expenses, and ensuring assessments are collected and available to support the project and the Association’s loan financing obligations.
Approved by a vote of 139 Yes – 17 No