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. There may be an increase in dues in 2017 due to the increase cost of
services of Ozark Environment.
Addresses/Lot
number (s)_____________________ Date:
______________
1. 
Pay off the mortgage on the
clubhouse debt of $78,000 @ 5.5% interest saving $14,400. 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.
Pay off the mortgage on the
clubhouse debt of $78,000 @ 5.5% interest saving $14,400. 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. This proposal estimates
a pay off the note in about 2 years with
a small balloon payment. The POA would
still have monies ($40,000) to repair roads and cover any major breakdown.
Pay down on the clubhouse debt by $40,000. This proposal estimates
a pay off the note in about 2 years with
a small balloon payment. The POA would
still have monies ($40,000) to repair roads and cover any major breakdown.
3.
Use current funding to start repair of the roads and not pay down
on the balance due on the clubhouse.
Use current funding to start repair of the roads and not pay down
on the balance due on the clubhouse.
Signature of Owner:
___________________________________________________
Average
yearly income $118, 000.00
Average
yearly expenses (3 year average) $92,877.00
Yearly
expense saved after mortgage is paid $14,400
Current
note $78,000.00
Current
balance $95,300 in savings and $26,800 in checking
Estimated
cost of one mile of road is $120,000 depending on the condition of the base.
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.” If you
have a question related to your lot, contact Connie Andersen at 417-338-0755.
http://oakcreekparkway.blogspot.com
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