NOTICE IS HEREBY GIVEN, in accordance with the community Bylaws, that the Board of Directors of The Masters at Pelican Sound Neighborhood Association, Inc., will meet to consider the adoption of the budget for the fiscal year of 2025. The meeting is scheduled for November 15, 2024, 3:00 p.m. and will be at at the Pelican Sound River Club, Sound Room, 4784 Pelican Sound Blvd, Estero, Florida.
You may also attend the meeting via ZOOM by connecting to the following link: https://us02web.zoom.us/j/86147804504 Or Audio only by dialing: (305) 224-1968 and using Meeting ID: 861 4780 4504, Passcode: 967730
A copy of the meeting notice and proposed budget for fiscal year January 1, 2025 to December 31, 2025 is enclosed. For 2025, the Board will consider maintaining the quarterly assessment $741 per unit. The operating expenses decreased primarily due to the removal of contingency – which was implemented to improve the equity position, which has been accomplished. The reserves were increased in painting to more fully address inflationary impacts on this key reserve line. The 3% inflation factor implemented in 2024 continues to be in place.
Please let us know if you have any questions.
Regards,
Frank Parrish
Frankly Coastal / Collier Financial / Association Data Management
1400 Lake Tarpon Ave
Tarpon Springs, FL 34689
4985 Tamiami Trail East
Naples, FL 34113
fparrish@franklycoastal.com
Office: +1 (727) 799-0031 x3007