POINSETTIA LANDINGS CONDOMINIUM ASSOCIATION
LIMITED PROXY VOTE
RESOLUTION unanimously approved ON: February 20th, 2010
For the Budget Year 2010, whether to reduce the funding of the reserves, as outlined in the Proposed Budget 2010, from the full amount scheduled down to 1/3 or 33% of the total amount due for 2010.
NOTE: WAIVING OF THE RESERVES, IN WHOLE OR IN PART, OR ALLOWING ALTERNATIVE USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNERS LIABILITY FOR PAYMENT OF UNANTICIPATED SPECIAL ASSESSMENTS REGARDING THOSE ITEMS.
THE VOTE FROM THIS PROXY IS TO:
My vote with this proxy is an affirmative vote to carry the resolution to reduce the funding of the annual scheduled reserves for Budget Year 2010 from 100% down to 33% of the total amount. (A NO VOTE is the equivalent of you choosing to fund the reserves at the full 100% for the calendar year 2010.)
DATE OF VOTE ON ISSUE: February 20, 2010
Unanimously approved