Hawthorne Residents Cooperative Association, Inc.VOLUME 12,NUMBER 7 P.O. BOX 491700,LEESBURG, FL 34749-1700 MARCH 25,1994

BOB DIEDEN, PresidentALLEN J. WIANT, 1st Vice Pres.LILLIAN NORTHROP, 2nd Vice Pres.

DORIS NOLAND, SecretaryJOSEPH C. JANKE, TreasurerBILL CALEY, Director

RALPH DOMORACKI, DirectorCHERRY PEARSON, Director

LYNNE VAN VLIET, Director

HIGHLIGHTS OF THE ANNUAL H.R.C.A. MEMBERS MEETINGMARCH 10, 1994, AT 10:00 A.M.

-~.--~-Pres-.-S-i-rrcer-alcal-led-the~·me·et-ing~--L +membez-a+had- been -post-ed~n the ItReA-----to order at 10:00 a.m. Gwen Blackprovided organ music before the meet-ing and the membership gave her astanding ovation. The Rev. DonaldFerguson gave the invocation andMaurice Dunigan led the assembledbody in the Pledge of Allegiance.

Pres. Simeral praised the Boardfor their actions and contributionsduring the past year and introducedeach member -- Bob Artman, BobDieden, Jean Hardy, Joe Janke,Lillian Northrop, Bill Ohme, LynnVan Vliet, Al Wiant. Also introducedwere the newly elected Board mem-bers -- Bill Caley, Ralph Domoracki, He asked that reading of the min-Doris Noland, Cherry Pearson. staff utes from the March 18, 1993 members'members and corporate officers intro- meeting be dispensed with and with noduced at this time were Vice Presi- additions or corrections, the minutesdent and Manager of Sales Skip were approved as distributed.

--M-add0}{..,.--Ass4:st:--ant;--Se·er-e--e-ar-y{P-r-ea-sttrer-~-- '-----~.--- - --- -----..-..---------~~---.--.and Controller Trudie Logel, Adminis- Vice President and Gen. Mgr. Dantrative Assistant Linda Schmid. Gorden was praised by Pres. Simeral

as-having done an outstanding job notonly this past year but every year.The Harmonaires, led by Cleora

Keeley, entertained the membershipwith a variety of selections.

secretary Jean Hardy certifiedthat the membership rolls were up todate through March 10, 1994. Allproperty transfers and sale of newmemberships had been recorded. Therewere 1167 shareholders. A total of103 limited proxies had been receivedto be counted to establish a quorumand vote on items coming up at themeeting.

Notice of the annual meeting of

bulletin board in the Clubhouse audi-torium. In addition, notice of themeeting was delivered to the homes ofall members. No certified letterswere required to be mailed as allshareowners have signed waivers.Advertisement of the meeting appearedin the. following HRCA Green Sheets:Vol. 12, No.1, dated January 7,1994; Vol. 12, No.4, dated February11, i994; Vol. 12, No.5, dated March4,1994.

Pres. Simeral declared a quorumand that business could be performed.

ANNUAL REPORT

General Manager Dan Gorden gavean annual highlight report on a suc-cessful 1993 year for Hawthorne, un-like 1992 which was not a good yearfinancially. The year 1993 saw cashreserves back to the December 1991balance of $1.6 million. The cashexpenses were $376,000 less than 1992and revenues were $160,000 higher.Employee health insurance benefitcosts were reduced; personnel was

reduced by five; professional feeswere less; and better rates for work-er's compensation were obtained. Acommittee chaired by Joe Janke hasformulated a policy on reserves.Cash reserves are important to pro-tect long-range planning so futureprojects can be done without assess-ments. communications improved withSandy Alexander, Program Directorbeing congratulated for her outstand-ing job as Editor of the"Highlights". The sandy and Dan Showhas received many compliments foraddressing current issues, and month-ly tours provide residents withbehind-the-scenes visits of Hawthornefacilities and services. A new tele-phone directory will be distributedlate this summer and a survey by Dr.streib~from the University of Floridashould provide Hawthorne with usefulinformation.

Issues of controversy in 1993included Banana Point, gates on 48,no smoking policy, additional streetlighting, changes to Chapter 719regarding the election process, newlandscape irrigation rules, garbageissue. In 1994, hazardous wastematerial will be collected once amonth in Hawthorne, and recycling ofplastic will resume. For the firsttime, Hawthorne will foreclose on 2homes held by estates that have notpaid maintenance fees.

In closing, Gen. Mgr. Gorden rec-ognized Board Members leaving theBoard -- Dean Simeral, Jean Hardy andBob Artman who have each served 3

years; Bill Ohme who was appointed toreplace Gene Kastner until the end ofthe year.

AUDIT

CPA David Logan reported on the1993 audit; copies of the audit hadbeen delivered to each resident'shome. It was CPA Logan's opinionthat the financial statements fairlypresent the financial position ofHRCA. Working capital, fund balancesand reserves all increased in 1993.

COMMITTEE

Joe Janke, Chairman of the Ad HocCommittee, made 2"motions "as follows:

Motion I .....That the interest anddividends earned from the InvestmentAdvisory Account, and/or any otheraccounts in which surplus money isdeposited, be removed from theseaccounts and be used as operatingrevenue for the year 1994.

Motion II -- That the provision of719.106 which requires full fundingof the capital replacement reserve bewaived, and that the replacement re-serve be funded with an amount thatequals $10.00 per unit per month forthe year 1994.

Both motions were seconded and avote of the membership was taken andeach motion was unanimously carried.

H.R.C.A. BOARD, ORGANIZATIONAL MEETINGMARCH'10, 1994, AT 7:00 P.M.

Bob Dieden, 1st Vice Presidentcalled the meeting to order. Elec-tion of Officers for the 1994/1995HRCA Board was held along with thereconfirmation of the CorporationOfficers. All the 1994/1995 Boardmembers were present, as were GeneralManager Dan Gorden, Past PresidentDean simeral, and Past Secretary JeanHardy.

Election resultsPresident1st Vice President2nd Vice PresidentTreasurerSecretary

were:Bob Dieden

Al WiantLillian Northrop

Joe JankeDoris Noland

Reconfirmed Corporation Officers:Dan Gorden Vice President/

Chief operating OfficerHitup "Skip" Maddox Vice Pres./

Realty operationsTrudie Logel Assistant Secretary/

Treasurer