On December 02, 2019, the Annual Meeting of the Members for the Monarch Beach Master Homeowners Association was conducted and subsequently, the Annual Meeting of the Delegates for the Monarch Beach Master Homeowners Association was held. Pursuant to Section 3.05 of the CC&R’s, at the Annual Delegate Meeting, the Delegates present cast votes on behalf of their respective Delegate Districts in the same proportion as all of the voting members in their respective Delegate Districts voted. On behalf of the Board of Directors, Management would like to thank those of you who participated. This year there were two (2) seats available, each for a two (2) year term. The following individuals were elected to serve as Directors:
- James D. Cigler – Term Expires November 2021 – 109 Votes Received
- Carol McClain – Term Expires November 2021 – 81 Votes Received
The Board of Directors will appoint officers at the next Board of Directors meeting scheduled to be held on January 27, 2020.
In regards to the IRS Revenue Ruling 70-604 results, of the one hundred and fifteen (115) votes cast by the Delegates on behalf of the membership, eighty-three (83) votes were cast in favor of applying excess income to the following year’s assessments, four (4) votes were cast against, and twenty-eight (28) votes were cast as abstentions.
If you have any questions, please do not hesitate to contact me directly at (949) 430-5807.