On Monday October 20th at the annual membership meeting of the Lake Forest Property Owners' Association, a number of amendments to the by-laws were presented to the membership for their consideration.  The result of the voting is shown below. 

One motion that was presented from the floor called for the first increase in dues in over twenty years.  That motion increasing the dues from $27.50 per month to $35.00 passed.  However, the actual impact of the motion will be less than would seem because for every year except one in the last twenty, there has been an assessment of $50 charged to the membership.   When this motion was presented, the Board of Directors promised that barring some unforeseen catastrophe, there would not be an assessment next year.  It is their hope that the assessment will become what it is intended, a special needs charge, instead of what it became twenty years ago, a needed source of revenue for the operation of the association.  The new dues figure in itself would amount to a $7.50 a month or $90 a year increase.  However, minus the $50 assessment, the membership will see a net affect of a $3.34 increase per month or $40 per year.

October 21, 2003

 ANNUAL BOARD MEETING 2003

 PROPOSED AMENDMENTS TO THE BY-LAWS

1. SECTION 2.4 / DUES, CHARGES AND ASSESSMENTS

    Defeated     127 Yes           2201 No

2. SECTION 3.6 / QUORUM

    Approved    1542 Yes         773 No

3.  SECTION 5.25 RE-ELECTION

    Approved    1641 Yes         669 No

4.  SECTION 5.35 / BORROWING MONEY

     Defeated    125 Yes           2188 No

5.  SECTION 5.10 / NOMINATION OF DIRECTORS

     Approved   1635 Yes         673 No

6.  SECTION 6.6 / AMENDMENTS

     Approved   1545 Yes         759 No

1.  FLOOR MOTION to increase maintenance fees by $7.50 per month

     Approved   1342 Yes         75 No

2.  FLOOR MOTION not to increase maintenance fees

     Defeated    1325 No          59 Yes

 Results, participation and observation – Lake Forest residents:

                                                                        Jeannie Clayton, CPA
                                                                        Cathy Hafner
                                                                        Patty Flesher 
______________________________

Luther J. Bodiford, General Manager

October 21, 2003

BOARD OF DIRECTORS ANNUAL ELECTION RESULTS  2003

Candidates with less than 1% of the votes not listed.

            Ken Eslava              686

            Pam Dimoff              661

            Ed Kirby                  654

            Dennis Ivanjack       594