
Community-run info for Medley at Southshore Bay
Attn: Current and Future Committee and Board Members/Homewoners:
April 10 - Free FL official FL HOA training and lunch at at https://tampabaycondohoaexpo.com/Next Medley HOA Board meeting is April 14.CLUBHOUSE LOAN UPDATE:
It was announced that 131 Homeowners paid 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 of our expenses?)
Also review updated Collections Policy post - http://www.medleymembers.net/blogs/post/collections-policy
