NOTICE
Coach Homes II at River Strand
Annual Budget Meeting
November 5th, 2019
Dear Members of Coach Homes II at River Strand,
On November 20, 2019 at 7:00 p.m., the Annual Budget Meeting for Coach Homes II at River Strand will be held at the River Strand Club House located at 7155 Grand Estuary Trail, Bradenton, Florida.
During this meeting the enclosed proposed 2020 Budget will be presented for consideration by the Board of Directors for ratification. The proposed budget is recommending a quarterly maintenance fee of $990.00 per quarter per member. The quarterly maintenance fee includes reserve funding using the Cash Flow method (Pooling Reserves) of funding in lieu of Component method (Straight Line Funding of Reserves), said funding recommendation was approved as an acceptable method of funding reserves by the membership last year. The quarterly maintenance fee also includes a one time special assessment of $400.00 per member, to be collected over four (4) quarterly payments during the 2020 budget year to offset costs for the landscape projects approved by the Board of Directors at the last Board of Directors meeting on September 4th, 2019. This special assessment of $100.00 per quarter will drop off after the 2020 budget year.
The meeting agenda is also included within this notification package.
Submitted respectfully on behalf of the Board of Directors,
Dev Doyno LCAM
Senior Community Manager
DRI Management
Community Manager
Coach Homes II at River Strand
