We are looking forward to this Thursday’s annual meeting for the approval of our 2017 budget. We will have a few other agenda items and updates that we wanted to share before we meet.
The 2017 proposed budget is very similar to the adopted budget of 2016. The notable changes are as follows:
The management continually works to keep annual fees as reasonable as possible and to avoid large year-over-year increases. The annual fees are still very much in line, or less than other master planned communities of Laureate Park’s size.
Since our last meeting, a few new developments of note:
CONSTRUCTION UPDATE ON LAUREATE BLVD.
When the authorized repair work began on Laureate Blvd. (near the VA), the crews encountered some soil issues that required additional modifications to the initial scope. Because this work is being completed by the Greeneway Improvement District, the additional scope of work must be approved by its Board of Supervisors. It is anticipated that the scope will be approved on 1/17, and then the repairs can begin. In the interim, the City of Orlando should be approving a Maintenance of Traffic (MOT) plan that should allow two-way traffic while the repair is in progress. We anticipate being able to open the road to two-way traffic again in the next two weeks.