Issue link: https://imageup.uberflip.com/i/1533506
6 | THE COLONY NEWS | APRIL 2025 | Approval of the December 2024 Treasurer's Report: e Board unanimously approved the unaudited December 2024 Treasurer's Report as presented. Total Operating, Reserve Liabilities and Equity is $5,703,000. Approval of 2025-26 Reserve Study: e Board approved the 2025-26 Reserve Study as prepared by Advanced Reserve Solutions. Approval of 2025-26 Fiscal Budget: e Board approved (5 to 1) the 2025-26 Fiscal Budget, including a $15 assessment increase. e monthly assessment will increase from $333 to $348 effective May 1, 2025. Amendment to Article 4, 4.3 Mailbox Parking & 4.5 Dog Exercising, Final Adoption: e Board adopted the amendments to Article 4, 4.3: "No parking is allowed in front of mailboxes" and 4.5 "e exercising of pets (e.g., dogs) on a leash using a golf cart in any manner is prohibited in e Colony." Amendments to Rule 5.1.2 Free Items, Final Adoption: e Board adopted the amendments to Article 5, 5.1.2 to allow for Free Items. Article 23, Section 25.1.5 "Welcome-type" Flags, Tabled: e Board tabled the adoption of Article 23, 25.1.5 regarding "Welcome-type" flags to ensure the rule complies with Civil Code and to align references to signs, flags, and banners across the governing documents. Article 15, 15.6 Portable Shade Coverage Rule, 28-Day Member Comment: e Board approved an amendment to Architectural Standards, Article 15, Section 15.6 Portable Shade Coverage, for publication in e Colony News Magazine for a 28-day Member Comment period. A final ruling will be made in May 2025. Additionally, the Board authorized the Architectural Control Committee to research options for mosquito netting and retractable awnings. Article 8 – Fines and Penalties - Final Adoption: e Board adopted the removal of the 30-day suspension of community privileges and vehicle transponder for a Second Offense under Article 8 – Fines and Penalties, specifically for exceeding the speed limit, failure to stop, and improper use of gate procedures. NEW BUSINESS New Member Bob Clare, CATCOM: e Board approved the appointment of Bob Clare as a new member of the Communication and Technology Advisory Committee. AEC Proposal for Engineering Plans, Bidding Documents & Project Management for 2025 Asphalt Rehabilitation Work: e Board approved the proposal from Associated Engineering Consultants to prepare engineering plans, bidding documents, and provide project management for the 2025 Asphalt Rehabilitation Project, at a cost not to exceed $27,390. Clubhouse Bike Rack: e Board approved a proposal from Sun-Tech Builders to install a concrete slab for the bicycle rack at a cost of $4,411.00. Additionally, the Board approved ELCM/ Colony to demolish the area, remove plants and a tree, install a catch basin, relocate area drains, and provide the bicycle rack at a cost of $2,877.61, bringing the total project cost to $9,288.61, plus a $2,000 contingency. TVC Partner Plan Renewal: e Board approved a proposal from TVC for the 2025 Partner Plan coverage for the phone system at a cost of $1,188 per year. Tennis Court Lighting Replacement: e Board approved So Cal West Coast Electric to remove and replace 12 existing light fixtures with high-output LED on the Tennis Courts at a cost not to exceed $30,655. Approval of 2025 PCM Holiday Schedule: e Board approved PCM/Associa Employee Holiday Schedule for the 2025 calendar year. Santiago's Beauty Salon Lease Renewal: e Board approved the lease renewal for Santiago's Beauty Salon at a cost of $900 per month, effective from May 1, 2025, through April 30, 2026. Proposed Paint Book Deposit Increase, Tabled: e Board ruled to table approval of the paint book deposit increase to allow Management to verify with Legal Counsel if an ACC Paint Application can be held until paint book is returned and to review Paint Book replacement cost. Approval of Conceptual Design of Patio Project & VDLA to Proceed with Construction Docs: e Board approved the conceptual design of the Patio Project and authorized Van Dyke Landscape Architects to proceed with the construction documents. Additionally, the Board discussed planning for future footings to be installed for shade, the possibility of pushing back the fireplace into the planter area and adding additional seating around the fireplace. Continued from previous page