1. The 2018 budget of approximately $1.5 million dollars has been approved. Our reserve funds are now in excess of $1,000,000 dollars and are accruing at the rate of $214,000 per year. This year for the first time in over 5 years there was a small 3% increase in Condo fees solely related to the increase in reserves. This achievement means that all our expenses and planned improvements in 2018 are no higher than in any of the previous 5 years. The small increase is only related to mandatory reserve increases to fund future capital improvements. We doubt that there is any other Condo out there that has been able to maintain Condo fees for so long without any increase or any "Special Assessments".
2. All the moderate necessary repairs from Hurricane Irma have been completed and all is now in normal shape.