River Oaks Property Owners Association Board Meeting Minutes, 30 March 2021

-

 

River Oaks Property Owners Association Annual Meeting      

Minutes, 30 March 2021

 

Attendees:  Board Members:  England, Finley, Long; Officers:  Fowler, House, Underwood, Others:  19 others were in-person attendees.

Confirmation of Notification:  Residents were notified by mail or by email.

Roll Call:  Attendees were signed in, proxy votes were counted, but a quorum was not achieved.  The meeting was continued although no vote could be made. 

Business:  Fowler called the meeting to order at 7:07 pm at the Carmichael Community Center.

Approval of Minutes:  The reading of the minutes of the previous meeting of the POA board (23 November 2020) was suspended, and the minutes were approved (moved by Howe, seconded by Harrington).

Reports: 

Underwood reported on the finances of the POA and invited attendees to refer to the information found on the Facebook page and the blog for further data.   He also made available copies of the end-of-year financials.  Underwood reported that first quarter numbers would be posted within a couple of days on the blog and website.  He reported that for 2020 the POA had revenue of $11,114.00 and a cash balance of $3,571.92.  He reminded the members that loans and donations covered around $8000 of previous expenses and added that the loans had all been repaid at this time.  Underwood noted that as of the end of March 2021 a total of 83% of the property owners had paid their 2019 dues; for 2020 the current total is 55%; and for 2021 16%.  Underwood reminded the members that May 31 is the deadline to pay before the dues are delinquent.  Based on the fact that there is currently no debt and the cash on hand is sufficient, Underwood projected that, if members continue to pay their dues at a high level, the board may consider rolling back the assessment in future years.    

Election of Board Member:  Fowler then turned to the business of the annual meeting, electing a new member of the Board to replace Long.  The new Board member would be elected for a three-year term, as per the By-Laws, as will all subsequent Board members.  Because insufficient proxies had been submitted and not enough members were present to achieve a quorum, the election was continued until sufficient proxies were received.  Fowler did introduce Greenway and Nix, the two candidates.

Continued Business:  There was none.

Popular posts from this blog

Message from longtime resident, Dan Roberson regarding the history of the River Oaks POA

-
  I believe many River Oaks property owners are uninformed or misinformed about the River Oaks POA.   I have purchased land and built about a dozen homes in River Oaks, from the very first phase through three fourths of the development. For one, the POA did not run out in the 80s.   I built one of the first homes in the subdivision in 1986.   The lot had Covenants and Restrictions (C&R) to run for, I believe, 40 years.   All plans had to be approved by the POA, who happened to be the developer.   The builder and original home owner were subject to the C&R, as well as subsequent home owners for the term, unless amended by vote of the River Oaks Property owners.   From the time the development started until the final phases was a period of over 25 years, and each phase has its own C&R from the time the development plans were filed at the courthouse.   I recall conversations with the developer about the maintenance and cost of the com...
Read more

Updated Statement on the Installation of Solar Panels in River Oaks

-
Because many property owners in River Oaks have expressed an interest in solar panels, the Board wants to remind members of the River Oaks Property Owners Association that there is a stated policy on the installation of solar panels, issued in December 2021.   It reads as follows: The Board has received some inquiries from residents who are thinking about installing solar panels on their property in the River Oaks Addition.  The Board encourages residents to check with the Searcy city code office regarding city guidelines for solar panels (Ordinance 2021-16 at https://www.cityofsearcy.org/ordinances-resolutions ) and to consult the POA covenants prior to making modifications to their property, especially the guidelines relating to modifications visible from the street.  The covenants can be accessed on the blog at RiverOaksSearcy.blogspot.com If any resident has questions about installing solar panels or any other issues related to the covenants, the questions can be ...
Read more