Dear Owners,
The Board of Directors is pleased to present the Fireside Condominium 2023 draft budget and proxy/ballot for the Annual Meeting of Fireside Condominium to be held on Thursday, December 15, 2022, in the community room adjacent to the onsite office (116 Duval Ln).
For your review and comment is the proposed 2023 annual budget. At the Annual Meeting you will be given the opportunity to ask questions and vote on the budget for the coming year. The Board, with the assistance of the onsite manager, has prepared a budget which was carefully developed considering expected income, anticipated expenses, contributions to reserves, delinquencies, and past years' deficits. The budget addresses the financial needs of the community to operate efficiently and sets aside necessary funds, as required by the operating documents of the association, for reserves. This year's budget includes a necessary increase in condominium fees of 2.5%. The board has not proposed a condominium fee increase in six years, however due to the reduction of reserves anticipated in 2023 due to the installation of the breaker panels in individual units, breaker panels in the buildings, painting of the interior hallways, installation of new playground equipment, repairs to balconies and replacement of the steel stair risers in the four story buildings, Fireside must ensure there is adequate reserves and sufficient operating money to pay the expenses of the association.
To conduct the Annual Meeting, Fireside must have 51% (132 units) of the unit owners in person or by proxy. Your proxy allows you to be counted even if you are not present during the meeting. Included on the absentee proxy owners are asked to vote for board members and to approve the proposed budget. At the holding of the meeting, the term of one member will be expiring. If you would like to serve as a board member, please plan to join the meeting and introduce yourself. Your participation, as an owner, is very important and should be taken seriously. To ensure that every unit is represented at the Annual Meeting, please complete the attached Absentee Proxy/Ballot even if you plan to attend the Zoom meeting and return it to the onsite office, via email (Office@FiresideCondominium.org), fax, USPS or by dropping your proxy/ballot in the mail slot located in the door at the onsite management office.
While the Board is hopeful that a quorum will be established, if a quorum is not obtained at this meeting pursuant to the Association's governing documents, an additional meeting will be called as authorized by Section 5-206 of the Corporations and Associations Article of the MD Annotated Code and a second proxy/ballot will be sent to every owner as required by the association documents. If you have returned the proxy/ballot from this mailing to us, you will not need to return the second one, unless you wish to change your vote. At the second meeting, those present in person (Zoom) or by proxy may do or take any action that may have been taken at the first meeting had there been sufficient quorum to hold the meeting.
The Board of Directors will hold the regular monthly meeting immediately following the adjournment or conclusion of the Annual Meeting.
We look forward to seeing you at the meeting in person on Thursday, December 15, 2022, at 6:30 pm. Our very best wishes to you and your family for a safe and successful 2022.
Respectfully,
Fireside Condominium Board of Directors
**Owners with multiple units are asked to sign and return a proxy/ballot for each unit or to write the addresses of every unit owned on one proxy/ballot before returning to the onsite office.
Kommentare