Lake Meade Property Owners Assoc In

“Property owners are members of the organization.”

“Members of the board of directors are nominated by a nomination committee selected by the board of directors from non-board members. Directors serve a 3 year staggered term for no more than 2 consecutive terms. The board of directors selects the officers annually from their board of director members. Following the nomination a vote by mail proxy or at the annual meeting are options for the election of directors. Voting members are lot owners with one vote per member regardless of the number of lots where lot ownership is by more than one person, only one member is entitled to vote.”

“The membership must approve dues and assessments in excess of a five percent increase plus the rate of inflation, by category.”

“Form 990 is presented to a finance commitee member of the board after the review and acceptance of the audited financial statements by the full board.”

“Annually the required indviduals must disclose any matter which may pose a conflict of interest. The board reviews the documents and determines if a conflict exists. All board members acknowledge receipt and understanding of a leadership principle form.”

“Management compensation as well as all full time employes is reviewed by the executive committee. The executive committee makes recommendations to the board of directors who has final approval. Documenation of deliberations and decision is maintained in the minutes. Periodically there is a wage study completed for comparison purposes, eg-hoa-poa survey, foundation for community association compensation and salary survey, york-hanover compensation survey.”

“Management compensation as well as all full time employes is reviewed by the executive committee. The executive committee makes recommendations to the board of directors who has final approval. Documenation of deliberations and decision is maintained in the minutes. Periodically there is a wage study completed for comparison purposes, eg-hoa-poa survey, foundation for community association compensation and salary survey, york- hanover compensation survey.”

“The documents are available upon request at the organization's business office which is located at 4 forrest drive, east berlin, pa 17316.”

“Lake meade is a non-profit gated community formed for the management, protection, and improvement of lake meade common property in the interest of the general membership. The lake meade subdivision of adams county is a tract of 1,097.24 acres in reading and latimore townships containing some 1,395 lots. Every property owner is a member of the association. The membership is provided with a variety of amenities, 300 acre lake for boating and fishing, swimming pool, tennis courts, rec areas which include docking facilities and playground apparatus, sports areas for volleyball and baseball and picnicking, and 18 miles of roads that are maintained by the association.”