
Community-run info for Medley at Southshore Bay
MONDAY - Our "Twin CDDs" meet on April 13.See their websites' links below for agendas, and call-in insructions.
And consider running for open seatsTUESDAY - Medley's next HOA Board meeting is April 14 at 6:30in the Clubhouse or on Zoom.Before Tuesday's HOA meeting, be sure to review the FIVE proposed policies (on Communications, Records Requests, Club Use, Pickleball Use, and Conduct policies) mailed in Friday's April 11 Newletter with links to TownSquare.
New blog post - The Saga of the White Lanai Roofs
CLUBHOUSE LOAN UPDATE:
It was announced that 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?)
