Homeowners Association of La Casa, Inc.

HOA

Board of Directors Meeting

September 22, 2025

Rec Hall &

Via Zoom

1:00 p.m.

Call to order: At 1:00 p.m. in the Rec Hall by President Davis.

Pledge of Allegiance: Recited

Exit Message:  Reviewed by President Davis, this also included a reminder there is an AED Defibrillator located on the back wall.

Silence Electronic Devices:  Reviewed by President Davis.

Roll call: Present: Ed Bourdeau, Tim Davis, Martha Morgan, Denny Smith, Jack Pasquale (Parliamentarian), Randy Browning (Park Manager), Linda Krout (Park Acct/Office Mgr.)

Via Zoom: Ruth Beier, David Fogt, Jack Hagopian, Gary Mithoefer, Rob McMillion

Absent: None

A quorum of the Board is present.

There were 26 residents in attendance,  6 via Zoom.

Adoption of Proposed agenda:

Motion: To approve the agenda as presented. Morgan/Hagopian, MMC 8/0

• Review of opportunities for shareholders to speak at board meetings

None

• Shareholder Requests to Speak

None

• Open Forum on Agenda Items:

None

Secretary’s Report: Rob McMillion

Motion: I move to approve the HOA Board of Directors minutes of the August 25, 2025 meeting as posted. McMillion/Fogt, MMC 8/0

Treasurer’s Report: David Fogt

Treasurer’s Report

Month              August 2025

                                    Actual              Budget             P/L

Income                        $208,205.37                $205,578.44                $2,626.93

Expense                       $211,970.00                $195,045.00                $16,925.00

P/L                              $   (3,764.63)               $  10,533.44                ($14,298.07)

YTD                            Jan-August 2025

                                    Actual              Budget                         P/L

Income                        $1,690,482.08 $1,649,507.82 $40,974.26

Expense                       $1,420,827.43 $1,408,999.06 $11,828.37

P/L                              $   269,654.65 $   240,508.76 $29,145.89

Bank Balances

                                                            Ckg/Money Market                 CD’s

Reserve Funds*                                  $297,341.35                            $1,215,000.00

Operating Funds*                               $193,235.61                            $   180,000.00 

Capital Acquisition Fund*                  $575,281.01                            $1,720,000.00

Petty Cash                                           $       250.00                            $

Hurricane Deductible/                                                                        

  Uninsured Asset*                              $                                          $  375,000.00

 Total                                                $4,556,107.97

CD’s                                                                Amount                       Interest Rate Renewed

Reserve                                              

Operating                                           

CAA   – Fidelity – Bank of America   $240,000.00   3.95% Matures 8/24/27                                                                                                                                                                                              

Notes:

*Reserve Funds are restricted

*Operating funds include four months everyday expenses and emergencies

*Capital Asset Acquisition Fund is for purchase of large items

*Hurricane deductible is for insurance deductible and uninsured assets

STANDING COMMITTEE REPORTS

FINANCE: Jack Pasquale

STANDING COMMITTEE ON FINANCE REPORT TO HOA

September 22, 2025

Good afternoon; President Davis; HOA Board Members; Mr. Randy Browning, Park Manager;

Ms. Linda Krout, Park Accountant; La Casa Shareholders and Residents

My name is Jack Pasquale, and I live at 655 Los Altos. I have the privilege to serve

as chairman of the Finance Committee along with team members Al Campbell, Jim

Dahlhausen, Jan Danner, Jim Fitzsimons, Sharon Scarlett, and Evelyn Ternullo.

We welcome our residents returning from summer vacations and time away from the

park. La Casa certainly looks much better than when we returned last year thanks to the

efforts of the Board, Management and residents as repairs are continuing and new homes

are installed.

The Finance Committee met on September 15, 2025 to review the August 31, 2025

preliminary draft month end financials which included the bank, cash flow, balance and profit

and loss statements We also reviewed the budget variance report and no unexplained

material variances were identified. We noted that legal expenses continue to run more than

expected mainly due to action on violations, foreclosures and non-payments. We also noted

there is no increase this year in the mowing contract. The financials are posted in the front

office.

We reported at the August HOA Board meeting a draft proposed FY 2026 operating

budget with no increase in the monthly maintenance fee had been completed, and

recommended the proposed draft be mailed to the shareholders. It is our understanding the

board intends to consider the proposed FY 2026 operating budget at its October meeting.

The resignation of Jan Danner was reluctantly accepted at our September 15, 2025

meeting. We wish Jan and Sandy all the best as they move to a new residence in Venice.

Thank you, Jan, for all your efforts and contributions to the betterment of our La Casa

community in your capacity as a HOA Director, HOA Treasurer and SCF member.

All Finance Committee meetings are noticed and open to La Casa residents either in

person or via ZOOM. We encourage you to tune in and hear the correct information and

facts firsthand.

Thank you for your time and attention.

Respectfully submitted on behalf of the Finance Committee,

Jack Pasquale, BSEE, JD

Chairman SCF

STANDING COMMITTEE ON FINANCE REPORT TO HOA

LCRE: David Bisson reported by Benny Morgan

LCRE SEPTEMBER REPORT TO SHAREHOLDERS

Good afternoon, my name is Benny Morgan, Vice President of LCRE. I live at 528 La Playa Circle. I am addressing the shareholders on behalf of the LCRE Board ofDirectors: Dave Bisson, President, Deb Hughes, Secretary, Arnold Morrison, Treasurer, Marianne Moshano and Director Emeritus, Wally Scheehauf.

Recently as shareholders of the La Casa Real Estate Inc, you received second quarter financial statement in accordance with the Corporation’s By-Laws.

August was not a good month for us regarding the sale of homes. One home and one lot sold during the month. Last year we closed on 2 homes and 1 lot during August. The average price of homes sold during August was $135,000, down from previous months. The average price of a lot was $9,500. At the end of August we had 5 houses and 2 lots pending closing in September. Our listings remain in a comparable range as July at the number 4 houses and 1 lot.

Thank you.

REPORT: Randy Browning, Park Manager

August Managers Report

Mowing for October

Mowing will be every week, except for the 20th through the 24th.

Bocce Court Awning

Awning is up. Hope to see it finalized by the end of September.

Homes Not Repaired From Storm Damage

46 Homes yet to be repaired.

11 Homes have a contract on them.

Two are SRQ New homes.

In “Resilient SRQ,” SRQ is a shorthand for Sarasota and is used in the program’s official name, which is a Sarasota County initiative funded by the U.S. Department of Housing and Urban Development (HUD) to help recover from major disasters. The county uses this abbreviation, as seen in the official name Resilient SRQ, instead of its common abbreviation for its airport, which has the same three-letter code.

New Homes Since November 2022

37 New homes have been installed since November 2022. There will be more coming in.

PRESIDENT’S REPORT: Tim Davis

President’s Report, Tim Davis

La Casa HOA Board of Directors

September 22, 2025

One week from today, Monday, September 29, is the 3rdanniversary of the massive hit by Hurricane Ian which changed life in La Casa forever.  Then just a year ago, two more devastating Hurricanes hit La Casa – Helene and Milton, back-to-back within a week. Everyone in this park has been struggling to get their lives back together, their homes safe and livable again, but unfortunately some have left La Casa forever as their homes were destroyed or they just couldn’t take going through these weather occurrences anymore.

Earlier this past year in January, when contractors and materials started becoming available, the HOA Board made a decision to send letters to all those who still had repairs not made from the Hurricanes. We gave everyone ample time to present plans to Randy along with a signed contract and estimate of completion. We have been very lenient and recognized that Sarasota County is not the easiest to work with when it comes to pulling permits.  The La Casa HOA has had our own battles with the County over the past 3 years just getting our common element repairs done. The last remaining projects we have left are the final finishing of the Bocce Courts awning, the Pickleball Courts awning at the Rec Hall, and the construction of the new Gazebo on El Prado. I want to thank Randy Browning and the office staff for doing an outstanding job over the past 8 months keeping track of all this.

However, we must get tough now with the remaining homes that have not let us know of their intentions.  We have several homes here that appear to have been abandoned – some of these were in pretty bad shape before the hurricanes hit and they have only grown worse because of neglect.  Neighbors are starting to complain, they are demanding that the HOA Board do something about these unhealthy situations, and they want our Park brought back up to the standards that made us the envy of this area.

Out of the nearly 170 letters that went out earlier this year, we have whittled the major offenders down to about 25 homes.  There are 3 homes of particular concern that we have been in the process of having the homes either torn down, condemned or the owner’s shares revoked. Our law firm has finally listened to the complaints we made and responded to me that they have assigned a new violation/eviction team to take care of our needs as fast as possible. The previous team, due to some confusion about permits, and the approving of the replacement of one of the homes by the SRQ Rehabilitation program, misunderstood and thought we meant all 4 of the worst offenders were cleared up. That was not the case and legal action will resume on 3 properties here in La Casa: Those homes are Lot 389 on Los Altos; Lot 428 on Buenos; and Lot 529 on La Sala.

We mean business and intend to get this mess cleaned up and I’d like to ask for the cooperation of all our residents who are concerned. We could use your help by calling or emailing our Sarasota County Commissioner Ron Cutsinger, and by calling or emailing the Sarasota County Licensing and Enforcement Division (where Randy has established case numbers). This information will be posted on the La Casa Residents Facebook page and the community Website at www.lacasaroc.com. Thank you for your continued support and cooperation.

Director’s Reports:

Director Ruth Beier

Motion:

Report: Security – None

Director Ed Bourdeau

Motion: I move to approve a new home at 660 Buenos, Lot #530  Bourdeau/Hagopian  MMC 9/0

Rationale: The replacement home fits within the buildable lot area and meets all requirements

for size and setbacks. The home includes the required driveway and shed.

Motion:  I move to approve Randy Brownings contract for the 2026 time period.                                                                                                                                              Bourdeau/McMillion  MMC 9/0

Rationale: Given that Randy will be formally retiring at the end of 2025 and that he has

agreed to stay on for the purpose of successfully transitioning his role to a new Park Manager,

his current contract does not reflect his new role, deliverables, and expectations for the

2026 timeframe and needs to be rewritten.

This document rewrite was assigned to a task force by the HOA President.

The task force, of which I was the Chairperson, met a number of times to create the new document.

The proposed 2026 document/contract, which was agreed to by all members of the task force,

is the document that we are offering for approval today,

Director David Fogt – Treasurer:

Motion:  I move to increase the Fixed Asset Capital Expense to $5,000. Fogt/Morgan  MMC 9/0

Rationale:  The increase has been recommended by the auditors and is consistent with the IRS guidelines.      

Report A.R.C.: None

Director Jack Hagopian

Report: RV/Boat Compound Liaison/Compliance – None

Director Gary Mithoefer

Report: C.R.C. – None

Director Rob McMillion:

Motion: I move to approve the changes to the Rules & Regulations as sent to the LaCasa Shareholders. McMillion/Beier  MMC 9/0

Rationale:  These changes were recommended by our attorney to bring us in line with Florida statutes to protect us legally.

Report: Future of La Casa/Long Range Planning Committee Liaison. None

Director Martha Morgan:

Report Activity Committee:  None.

Director Denny Smith

Motion:  I move to lower all 12 La Casa HOA-owned vacant lots to an asking price of $10,000, and to allow the Board President, the Board Treasurer and the Park Accountant to negotiate and accept any offers on these 12 vacant lots.               

The list of subject properties:

675 Alvarado;  209 El Prado;  236 La Rosas;  412 Madonna;  420 Madonna;  512 Madonna;

705 Del Luna;  659 La Sala;  256 Hibisco;  224 La Rosas;  626 La Sala;  404 Tarde Logo.

Smith/Beier  MMC 9/0

Rationale:  The La Casa HOA acquired these vacant lots due to circumstances surrounding the devastating effects of Hurricane Ian in September, 2022. These lots have been priced at the then price of interior lot shares and have received no offers to date. The real estate picture has changed over the past 2 years with some vacant lots being sold by shareholders for much less. These lots are costing over $50,000 per year in lost HOA maintenance fees, utility payments, property taxes, and liability insurance. It was recognized by the HOA Board that it was in our best interests to try to sell these vacant lots so they could be replaced by new homes, benefitting the entire real estate market in La Casa 

Report: LCRE: None

Taskforce Reports:

New Home Taskforce: Colette Welch, Chair.

Report:

Front Security Gate Taskforce: Denny Smith, Chair. None

Report:

Old Business: None.

Calendar:

November newsletter,  Rob McMillion, please submit by October 8, 2025.

New Business: None

Open Forum:

Mike Parker, 651 Los Altos – Question concerning fines for community violations and homes in disrepair.

Steve Wiederhold, 221 Vistoria – Question concerning potential shed size and variance.

Wayne Cain, 201 Estrada – Question concerning when fines are implemented for community violations and allowance of utility trailers in the RV/Boat compound.

Next Agenda meeting: Monday, October 20, 2025. 1:00 p.m. in the Rec Hall.

Next Board meeting: Monday, September 27, 2025. 1:00 p.m. in the Rec Hall.

Respectively submitted,

Rob McMillion, Board Secretary