Your condominium association is a private, non-profit (501-C-3) organization and all homeowners are automatically members. The Association is responsible for maintaining, repairing, and preserving the community, enforcing its Declaration, and levying and collecting assessments to fund its obligations.

 

Annual Meeting

The Annual Meeting is held every year in July. The purpose of the meeting is to elect new Board Members as directed by the Association Declaration. In addition, the Board President presents a report on the state of the Association.

 

Assessments

Your monthly assessment payments will be handled through a monthly statement system. Assessments are due on the 1st day of the month and are considered to be late after the 10th of the month. A late fee will be imposed on past due balances. Assessment payments should be made payable to The Newberry Plaza condominium Association and returned with the invoice in the envelope mailed with your statement. Note: the Management Office does not accept assessment payments.

For your convenience, there is an automatic payment plan (SNAPP) available through Sudler Property Management Company. Please contact management if you would like to arrange automatic payments from your bank account. Monthly statements of account are issued to homeowners by management as a convenience. Assessments are due even if a statement is not received.

Assessments are used to pay for all expenses incurred in the management and operation of Newberry Plaza. This includes staff salaries, building and Common Area insurance, heating and cooling for the Common Elements, seasonal chilled or hot water for cooling or heating the units, domestic hot and cold water, repairs and maintenance of the Common Elements, and reserves for the future repair and replacement of major infrastructure items.

 

Association

The owners of Newberry Plaza are the Association. The Association derives its authority from the Articles of Incorporation, the Declaration of Covenants, Conditions and Restrictions and the By-Laws. These documents define your rights and obligations as homeowners. You should have received these documents upon purchasing your home. If you need additional copies, they can be obtained from the Management Office for a fee.

 

Board Meetings

The Board meets monthly. All meetings are held in the Multi-Use Room. Board meetings are open to all homeowners except the portion of a meeting designated as Executive Session, held to discuss

• Litigation or the possibility of litigation against or on behalf of the Association
• Appointment, employment, or dismissal of employees
• Rules violations
• Delinquent or unpaid assessments

 

Board of Directors

The Board of Directors is composed of eleven unit owners. The Board is responsible for administering the affairs of the Association and the premises and for formulating and enforcing policy and procedures. The Board Officers include President, Vice President, Secretary, and Treasurer.

 

Budget

A new budget is required for each fiscal year. The Newberry Plaza fiscal year begins on March 1. The Board is responsible for providing a copy of the proposed budget to all unit owners at least 30 days prior to the meeting concerning the adoption of the new budget and any increase or addition to the assessments.

 

Committees

The Board of Directors implements its responsibilities through standing and ad hoc committees. Each committee is chaired by a member of the Board and composed of other Board members.

 

Common Elements

All elements of the property, except the individual units, are Common Elements. They are owned “in common”. Maintenance, repairs, and replacements of Common Elements are part of the common expenses.

Your balcony is considered a limited common area as it is a portion of the Common Elements reserved for the exclusive use of one particular member. At the discretion of the Board, maintenance, repairs, and replacements of limited Common Elements may be charged in whole or in part to the homeowner.

 

Election of Board Members

Elections are held every year in July, with five directors elected one year and six directors elected the following year. Exceptions may occur to fill any unexpired terms due to a Director’s resignation. Board members are elected to two-year terms.

Each residential unit is entitled to one vote, which reflects their percentage of ownership. The percentage of ownership for each unit is included in your Condominium By-Laws or is available in the Management Office. Votes may be cast by absentee ballot or in person at the Annual Meeting. A quorum is necessary to hold the Annual Meeting. The presence of 20% of the unit owners either by absentee ballot or in person constitutes a quorum.

 

Election of Officers

Following the election of Directors, the new Board will elect the Association’s officers. Their duties will be effective immediately.

 

Newberry Plaza Board of Directors

Kimberly Bowman, President
Joe Wiesemann, Vice President
Drew Thompson, Secretary
Kris Larson, Treasurer
Sarah Butters, Director
Harvey Goldman, Director
Neno Nenov, Director
Tope Sadiku, Director
Jennifer Schultz, Director
Edward Silha, Director
Alexandre Stoykov, Director