BOARD OF DIRECTORS MEETING MINUTES

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BOARD OF DIRECTORS MEETING MINUTES

(To Approve the 2023 Proposed Budget)

12/27/2023

The Budget Meeting of Villa Portofino West Association was held on Tuesday, December 27, 2022, at 7:00 p.m. via Zoom.

A. Call to order: The budget meeting was called to order at 7:03 p.m. via the application Zoom and was conducted by the Association’s Attorney, Paul Arcia. The meeting was recorded.

B. Proof of Notice of Meeting: The association’s Attorney verified that the notice was sent by mail to all homeowners.

C. Reading of minutes or waiver of reading of minutes: All were in favor to waive the reading of last meeting’s minute.

D. Establishment of a Quorum of Directors: a quorum was established. Directors that were present:

  1. Valerie Isaac – President

  2. Laura Sotomayor – Vice-President

  3. Nadine Francis – Treasurer

  4. Cathy Diaz – Secretary: Absent

  5. Luis Caballero - Director

1. Consideration and Vote by the Board to Approve the Budget: The President of the Board, Valerie Isaac, passed a motion to consider and approve the 2022 Budget; the Vice-President of the Board, Laura Sotomayor, seconded the motion.

The Board members present approved the passing of the proposed budget.

2. Adjournment: At 7:43 pm a motion was made by Paul Arcia to adjourn the meeting, Valerie Isaac seconded. Motion approved unanimously.