Monday, November 3, 2008

November 1st Meeting Recap

The Board would like to thank everyone that participated in the November 1st Hurricane Ike Meeting. If you were not able to attend, meeting minutes are being prepared and will be posted to the POA's website by the end of the week.

Condominium Association Assessment:
The board has approved an assessment related to hurricane repair work and the deadlines for these payments are November 30th and February 28th. PMG is in the process of prepairing and sending payment coupons out to all condo owners.

The assessments are broken down as follows (detailed backup can be obtained by emailing e.penn@pmghouston.com):

Baywater Condominiums
Unit Owner Initial Assessment
Units 101,201,301- $6,055.94
Units 102,202,302- $3,721.04
Units 103,203,303- $5,033.10

The Villas at Pointe West
Unit Owner Initial Assessment
Units 101,201,301- $5,747.54
Units 102,202,302- $3,531.54
Units 103,203,303- $4,776.78

Property Owners Association Assessment:
In recognition of financial constraints that many homeowners are facing, the board has decided to delay the POA hurricane repair assessment at this time. Due to this, repairs to the common area (dune walkovers, fountains, landscaping, entry tower, etc.) will be delayed while the board reviews new scope of work from POA subcommittee.

Please note that until the three public access dune walkovers have been repaired the beach can not be closed to vehicular traffic. Therefore, the assocaition can not re-install the beach bollards until the walkovers have been restored to their original condition.