hoa_actions:2025

Board Meetings: 2025

January 21, 2025

At the November 2024 Royal Mauian HOA Board meeting, directors and owners reviewed third-quarter financials, approved the 2025 reserve study, and adopted a new operating budget with a 7% increase in maintenance fees, largely driven by rising insurance costs. Treasurer Paul Perino reported a stable financial position, with revenues slightly exceeding and expenses slightly under budget. The reserve fund was found to be 43.5% funded, considered a moderate risk level, and a slate of 2025 projects—including roof resealing and tree removal—was approved. Resident Manager Jack Wilson detailed numerous completed maintenance efforts and outlined plans to replace 13 deteriorating and invasive African tulip trees, emphasizing improved safety and long-term property upkeep.

At the Royal Mauian Homeowners Association Board of Directors meeting held on November 21, 2024, board members and owners convened to conduct essential year-end business, including financial reporting, a reserve study review, and approval of the 2025 budget. The meeting, led by board president Mary, included directors Jerry, Don, Jack, Maggie, and Treasurer Paul Perino, who provided detailed financial updates and led key presentations.

Paul Perino reported the HOA’s financial position remained sound, with revenue modestly exceeding budget projections and expenses coming in slightly under budget through Q3. He noted particular savings in payroll, utilities (notably due to reduced propane and water usage), and property taxes, the latter due to a reclassification from short-term to long-term rental status. However, the board was cautioned about increases in insurance premiums and estimated federal taxes due to reserve fund interest income.

The reserve study revealed the HOA’s reserve fund is at 43.5% funded—considered moderate risk but aligned with national averages. The board adopted the 2025 reserve study and its associated projects, including roof resealing, window and door replacements, and the removal of invasive African tulip trees. Notably, a motion passed to pre-authorize reserve-funded projects, streamlining approvals for budgeted work unless substantial cost deviations arise.

The 2025 operating budget was also approved unanimously. A 7% increase in HOA maintenance fees will go into effect, driven primarily by a steep rise in property and flood insurance premiums. Despite this, the board emphasized that all other categories were tightly controlled, with efforts to minimize fee increases through careful planning and leveraging solar reimbursement contributions.

Resident Manager Jack Wilson highlighted completed maintenance projects, including landscaping, pool area improvements, structural expansion joint repairs, and basement wall renovations. He also praised the certified arborist hired to trim large trees and addressed plans to remove 13 deteriorating African tulip trees, noting both safety and environmental concerns. Replacement plans, likely with hedges for sound and visual screening, will be finalized with county input.

The meeting concluded with appreciation for board members, staff, and Jack’s team, recognizing their dedication and effectiveness in maintaining the property while navigating external challenges like water restrictions and rising insurance costs.

February 10, 2025

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March 15, 2025

The Royal Mauian AOAO held its Annual Meeting on March 15, 2025, covering board introductions, financial performance, property updates, and community governance. The 2024 budget was nearly on target, with a slight 0.1% overage, and the 2025 budget includes a 7% increase in maintenance fees primarily due to rising insurance costs. Reserve funds remain strong, with over $1.26 million projected by year-end. Property improvements included landscaping changes, irrigation repairs, and structural maintenance such as elevator motor replacement and pool area upgrades. Owners voted on board candidates and meeting minutes, and the meeting emphasized clear communication, owner engagement, and upcoming projects, concluding with an invitation to a community potluck and the announcement of the next annual meeting date: March 21, 2026.

March 28, 2025

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May 15, 2025

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May 22, 2025

Summary not available. Agenda included “plumbing replacement policy.” Please contribute your content using the feedback form.

July 1, 2025

Royal Mauian AOAO Board of Directors emailed a letter to owners informing them of an upcoming credit on their Quarter 3 invoice, stemming from a settlement with four claimants who contested the Guest Registration Fee. Under the settlement, $90,400 in fees collected between 2023 and April 18, 2025, were first used to reimburse legal costs incurred by the claimants and the AOAO, with the remaining $18,600 being refunded to affected owners and one property management company. Credits will vary by unit depending on guest occupancy, with an average refund of about $225. The registration fee will continue to be charged, and starting in Q2 2025, it will be treated as operating revenue and formally integrated into the AOAO’s annual budget beginning in 2026. The current fee of $35 per stay will remain through 2027, with a potential review in 2028.