Copy of Issue to be voted on in August

The Official Proxy

Proposal to Repair Roads

August 6, 1:00 p.m., POA Club House 

Please check the box of the proposal that you prefer.

None of these proposals calls for an increase in dues, assessments, or fees at this time. 

POA Owner:____________________________________________________

Signature:  _____________________________________________________

                                                                                 

Addresses/Lot number (s)_____________________  Date: ______________

  

1.      Pay off the mortgage on the clubhouse debt of $78,000 @ 5.5% interest saving $14,400 principal and interest annually.  Use the savings and dues after expenses to repair the roads.  The proposal estimates a fund of $39,500 per year.  This proposal is contingent on having no major breakdowns of the well or sewer system over the next 5-6 years.

2.      Pay down on the clubhouse debt by $40,000 and continue current payments of $1,200 per month.  Clubhouse balance $78,000 - $40,000 = $38,000.  The POA would still have monies to repair roads and cover any major breakdown.  Estimates a fund of $25,130 per year.

3.      Use the funding available to start repair of the roads and not pay down on the clubhouse.

There is a possibility that Association Dues could increase in the future due to increased costs associated

with Ozark Environmental.

In the event that the Owner fails to appear at the vote or fails to assign the proxy in favor of a party, then the Board may then exercise such proxy, or may delegate another Owner to exercise such proxy at the election or vote upon an issue. (Covenants chapter 6:16)

No vote shall be cast for any Lot unless charges, fees, or assessments pertaining to such Lot have been fully paid.” ( By-law 5:01)

 If you have a question related to your lot, contact Dan Davis, Treasurer at 417-338-9990.

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