
Community-run info for Medley at Southshore Bay
Attn: Current and Future Committee and Board Members & Homeowners:
Friday April 10 - Free FL official FL HOA training and lunch at at https://tampabaycondohoaexpo.com/Medley's next HOA Board meeting is Tues. April 14 at 6:30.also our "Twin CDDs" meet on Monday April 13. See their websites' links below for agendas, and call-in insructions. Consider running for open seats.CLUBHOUSE LOAN UPDATE:
It was announced at the HOA meeting that 131 Homeowners opted to pay the lump sum payoff of $12,743.23 for their portion of the Clubhouse purchase loan. That's $1,669,363!! (or 15% of initial $11M loan.) Based on ~6% amortization, that could accelerate payoff by about two years. (Questions: When is the annual reamortization? How do those funds provide our HOA interest until then? Can interest earned offset some HOA expenses?)
Also review our updated post on the Collections Policy - http://www.medleymembers.net/blogs/post/collections-policy
