2024 ANNUAL MEETING

The Annual Condo Owners’ Meeting was held at 9 am on Saturday, May 4, 2024, at the Holiday Hills COA Office. Condo Owners. 

 

Master Board members present at the meeting was Thom Renfro, Art Gumtau, and Galen Pearcy. LaJean Wilson and Sam Groves was absent. Five condo owners were present at the meeting. 

 

Thom Renfro welcomed all owners to the annual meeting and introduced the Master Board, along with Denice and Charles Bart of Bart & Brown Property Management.  He stated that the business of this meeting was to elect officers and update condo owners on affairs of the association and address any concerns.  

 

Denice Bart stated the names of the current individual board members and the members running for the board positions. Ballots were tallied and the board members were elected for a three-year term.  

 

Thom Renfro, President stated the association has no delinquent owners. Thom also stated that the association currently has $15,000 in reserves and $1,500 in the checking account for a total of $16,500. The association owns one Pinnacle condo that produced net income of $10,128 for 2023.  

 

Denice stated the association has spent over $65K from the reserve funds to cover cost for the Fire System repairs that was required by the Taney County Fire Marshal.  The association anticipates another $25K to cover the remaining repairs for the Fire Protection System to stay in compliance with the Fire Marshal. 

 

Due to the amount of expense from the Fire Systems, the COA has had to use reserve funds to cover the cost. To replenish those funds and stay in compliance with the State of Missouri, the COA will implement a special assessment in amount of $150.00 for all COA owners for 2024. The amount will need to be paid by August 1, 2024. If the amount is not paid by the due date, a late fee of $25.00 for each month after that until paid. Special Assessment of $150.00 must be paid by dropping off or mail in a check or money order.  Payment of ACH cannot be made for the assessment.  

 

The Master Board has not raised the dues since 2021. The Master Board is considering a dues increase for 2025. This is primally due to the cost of inflation, building maintenance and insurance increase for the upcoming year of 2025. The Association must consider future expenses and rate increases from service providers. The Holiday Hills Condo Association infrastructure is also aging which requires additional investment for repairs and replacement cost to maintain and meet a quality standard of living at Holiday Hills.

The Holiday Hills Condo Association Board works hard on maintaining a high standard of appearance, maintenance, repair and services to the association.