HOA Meeting - March 2021
Mar 16 2021
Sonic Internet - Sonic needs access to every unit because they will install their own cabling next to existing Comcast cabling and drill parallel holes as required. Units will still be able to subscribe to Comcast. So in the end each unit will have choice of:
Xfinity cable tv
Xfinity cable Internet
Sonic fiber Internet
and can subscribe to all three, which is intriguing if you need two Internet connections for redundancy.
So far 12 units said yes and 1 said no. We might have to persuade every owner to agree before Sonic does any installations cause I bet Sonic doesn't want to keep coming back to install more cabling.
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We're discussing ending contract with security company. They charge $900+ per month and do log things they see on patrol. But twice nightly patrols are very cursory (and I notice they like to park outside playing radio loudly for a few minutes before they start their patrol, like warning all the thieves a security service is nearby).
The money can be used for a better lock system and a camera for front door so that a resident can see who is ringing doorbell before unlocking the front door.
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Long discussion about EV charge stations, especially in regard to having most owners pay since they don't own an EV. The two camps are install EV stations everywhere and get various tax incentives or let owners buy their own within HOA recommendations.
Some weird arguments about getting level 1 stations now when the standards are in flux and technologies are in flux -- what if hydrogen is the future. (To which I was thinking: fuel cells, really? And Level 1 is a standard which will probably be around for years. Even though I no longer am buying a new car any time soon I'd buy an EV charge station.)
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Topic about reserve fund investments. Can we do something with a bit more yield like an ETF or mutual fund? Not currently due to our HOA rules and because board would start being liable if the investments lose money.
(I remember laws were put into effect in the 80's when the market tanked and cities were going bankrupt because they had invested in the stock market rather than something rock solid safe like bonds. I bet this also happened with HOAs and similar laws were enacted. Unfortunately with the reserve fund investments you're probably always losing money when you take inflation into account. But you're only supposed to have enough money in reserves to fund future projects so there's a limit to how much money will be there in the first place.)
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Pool usage. I think we decided on 4 people, with a sign up sheet and a waiver. Four people is the current limit, though we've suspended pool usage during COVID-19. There was also a reservation system. The waiver is new.
Xfinity cable tv
Xfinity cable Internet
Sonic fiber Internet
and can subscribe to all three, which is intriguing if you need two Internet connections for redundancy.
So far 12 units said yes and 1 said no. We might have to persuade every owner to agree before Sonic does any installations cause I bet Sonic doesn't want to keep coming back to install more cabling.
------------------------------
We're discussing ending contract with security company. They charge $900+ per month and do log things they see on patrol. But twice nightly patrols are very cursory (and I notice they like to park outside playing radio loudly for a few minutes before they start their patrol, like warning all the thieves a security service is nearby).
The money can be used for a better lock system and a camera for front door so that a resident can see who is ringing doorbell before unlocking the front door.
-------------------------------
Long discussion about EV charge stations, especially in regard to having most owners pay since they don't own an EV. The two camps are install EV stations everywhere and get various tax incentives or let owners buy their own within HOA recommendations.
Some weird arguments about getting level 1 stations now when the standards are in flux and technologies are in flux -- what if hydrogen is the future. (To which I was thinking: fuel cells, really? And Level 1 is a standard which will probably be around for years. Even though I no longer am buying a new car any time soon I'd buy an EV charge station.)
-------------------------------
Topic about reserve fund investments. Can we do something with a bit more yield like an ETF or mutual fund? Not currently due to our HOA rules and because board would start being liable if the investments lose money.
(I remember laws were put into effect in the 80's when the market tanked and cities were going bankrupt because they had invested in the stock market rather than something rock solid safe like bonds. I bet this also happened with HOAs and similar laws were enacted. Unfortunately with the reserve fund investments you're probably always losing money when you take inflation into account. But you're only supposed to have enough money in reserves to fund future projects so there's a limit to how much money will be there in the first place.)
-------------------------------
Pool usage. I think we decided on 4 people, with a sign up sheet and a waiver. Four people is the current limit, though we've suspended pool usage during COVID-19. There was also a reservation system. The waiver is new.