The Board has approved a Resolution to put two questions to a vote, majority rules...

Voting will occur using the attached link - https://form.jotform.com/261026309607049

As with all votes, each Lot is allowed one vote. The voting process will take place over two weeks, and results will be final and announced at close of business on April 28.

Below is a bit more detail on the two questions.

Question 1: Do you support using Washington Park Boulevard Funds to design and build a rear entrance off of Washington Park Boulevard?

Question 1 Explanation: As Lots in the new Washington Park Boulevard neighborhood of Beachwalk (Beachwood) are sold, the buyers pay a buy-in fee as agreed to with the Developer and documented in the Governing DocumEnts. In addition, the new owners pay regular assessments. The funds from these sales and the regular assessments are being held in a special account and the Board has indicated that it will put any proposed use of the funds to a homeowner vote. The balance of the account, after sales of five of the fourteen lots, sits at $351,786.97. Prof. von Maur included plans for a rear entrance as part of Phase II of visioning. Homeowners have indicated, overwhelmingly, that they would like to see that move to Phase I and happen sooner rather than later. The Board is confirming by way of this vote that homeowners agree to the use of Washington Park Boulevard funds for this project. While the cost of the rear entrance is not yet known, it will amount to just a small portion of the funds currently residing in that account, and the Board will, consistent with its fiduciary duties, work to keep those costs reasonable.

Question 2: Do you support using $15,000 from the Reserve Funds to engage the fiber optic company to conduct an initial engineering study to determine the final cost and feasibility of installing a fiber optic internet network in Beachwalk?

Question 2 Explanation: BPOA has been working with a company who is able to install and operate a fiber optic internet network throughout Beachwalk. The project would involve running physical fiber optic lines to each and every Lot in Beachwalk. According to the company's initial projections, the result would be internet that is faster than Comcast service, cheaper than Comcast (a lot cheaper once we pay off a loan we would need to install the network, but cheaper even during the years we are paying off that loan), and more reliable than Comcast. Monthly internet charges would then be charged to homeowners directly as a special assessment. In order to give us a firm bid on costs, timing, and expected disruption to Beachwalk and its infrastructure, the company needs to conduct an initial engineering study which would cost $15,000. This question is soliciting homeowner interest in this project, and whether to incur this initial up front cost that is required in order to have a firm bid to move forward.