A Meeting of the Board of Directors of Oceanfront Plaza Condominium Association, Inc. will be held on April 26, 2021 at 7:00 P.M. in the Recreation Room to adopt a special assessment and such other business as may come before the board. The Meeting can also be attended via Zoom:
Meeting ID: 812 0751 5187
The agenda for the meeting will be as follows:
- Call to Order by the President
- Call of the roll and certifying quorum
- Proof of notice of Meeting.
- Reading and disposal of any unapproved minutes.
- Old Business
- New Business:
The purpose of the meeting is for the Board of Directors to adopt a special assessment to repay the loan to Popular Bank for necessary expenses related to the 40 Year Recertification in the total approximate sum of $311,625.00 more specifically described and detailed in the attached Loan Payback Calculations (Exhibit A). Should there be any surplus, remaining funds will be deposited into the Roof Reserve account. The amounts due from each unit will vary depending on the type of unit. A chart with the exact amounts due will be distributed once the assessment is levied, together with due dates.
OCEANFRONT PLAZA CONDOMINIUM ASSOCIATION, INC
*Additional items may be added to the Board of Directors agenda by notice to be posted not less than forty-eight (48) hours prior to the meeting.