Lead story
The Board answered, and owners got more time
At the October 27 quarterly meeting, the Board President took up four points from apnc47f.com and confirmed two of them in public: the decision to borrow $1,000,000 is not in any minutes, and the Finance Committee did not give the accounting building a positive recommendation. The committee wanted a larger building for all the administrative staff; the Board chose a smaller one to stay within budget.
The Board also moved the schedule, and on October 29 it put the new dates in writing: the revised Declaration goes to members Friday, November 6, a member informational meeting follows on Tuesday, December 1, and voting runs Thursday, December 3 to Friday, December 18. That was the right call.
A correction in the Board's favor: the 2026 budget did plan for the loan, with $50,000 for interest. The open question is still the loan's $846,120.89 balloon in 2033. At the amounts the Board described, the plan comes up short. The 2027 budget, due in December, will show whether the money is really set aside.