Proposed Budget for 2008 / Budget Vote With/Without Reserves on 12/13/07
Please be informed there will be an increase in your monthly maintenance. Enclosed you will find a copy of the Budget for 2008, a letter explaining the Budget and a Limited Proxy.
You must vote for the BUDGET WITHOUT RESERVES or the BUDGET WITH RESERVES. If you vote for the Budget with Reserves, your maintenance will have an additional increase.
IT IS IMPORTANT THAT EVERY UNIT OWNER TAKES AN INTEREST IN THE BUILDING. PLEASE VOTE!
LIMITED PROXY
A unit owner who cannot attend the Budget Meeting on December 13, 2007 at 8:00 P.M. may use a proxy to direct a person of his or her choice to vote for him or her as the owner directs.
The owner using the proxy must fill in ALL blank spaces. If the Proxy is not dated and signed IT WILL BE VOIDED. Proxies will be accepted by e-mail (info@presidentialsouthbeach.com) or fax (305)673-1983
We are enclosing a return envelope for your convenience. There will also be ballots available at the meeting.
If you have any questions, contact the office.
Joseph Aguirre
President
Dec 13 2007 Meeting to Vote on Budget With or Without Reserves.
Under Florida State Law, unit owners must vote every year whether to have or not have Reserves.
These particular Reserves must stay in a Reserve Account to pay the following:
- PAINTING OF THE BUILDING
- NEW ROOF
- PAVING THE PARKING LOT
If you vote for Reserves, the maintenance will increase to cover the cost of Reserves (See “Budget Without and With Reserves” below)
PLEASE NOTE
If you vote for NO RESERVES your monthly maintenance will be:
ONE BEDROOM : $263.55
DELUXE STUDIO : $256.23
STUDIO: $246.61
If you vote for RESERVES, your monthly maintenance will be:
ONE BEDROOM $282.87
DELUXE STUDIO $275.03
STUDIO $264.70
THE PRESIDENTIAL CONDOMINIUM
BOARD OF DIRECTORS