The 2021 Annual Meeting of Members is scheduled for:
Wednesday, May 19, 2021 at 7:00pm
online via Zoom.
Join Zoom Meeting https://us02web.zoom.us/j/83661074353
Meeting ID: 836 6107 4353
Dial by your location +1669 900 9128 US (San Jose)
The purpose of the Meeting will be 1) to elect three (3) directors; and 2) vote on approving the Tax Reduction Resolution.
Election of Directors ·The Agenda will include the election by acclamation of Three (3) members to fill the vacancies on the Board of Directors. The three members being elected by acclamation are:
- Anton Nemychenkov (Incumbent)
- Ruth Lowy
- Margarita Hilbing
New election laws state that if only three members are running to fill three positions on the Board of Directors there is no need to send out ballots and they can be elected by acclamation.
TAX REDUCTION RESOLUTION (Voting by owners present)
To avoid paying taxes on the Homeowners Association’s excess membership income, the Association must pass a resolution annually in accordance with IRS Revenue Ruling 70-604 as follows:
WHEREAS the Barron Square Homeowners Association is a nonprofit mutual benefit corporation; and
WHEREAS the corporation seeks to act in accordance with applicable IRS Revenue Rulings;
RESOLVED, that any surplus funds remaining in the Association’s budget at the end of the fiscal year shall be applied to the following year’s budget as provided for in IRS Revenue Ruling 70-604.
We hope to see you at the 2021 Annual Meeting of Members on
Wednesday May 19, 2021 at 7:oopm, Via Zoom.
ENCLOSURES