Our next General Meeting is at 6:30 on May 20th - Angola Beach Clubhouse
Our next General Meeting is at 6:30 on May 20th - Angola Beach Clubhouse
Information from May 9th DEMHRA Meeting and April 4th Minutes
Chair's Report:
DEMHRA staff has been busy since the last meeting. Hedgerow Hollow MHP and Mt. Pleasant MHP are for sale.
Executive Director's Report:
R.F. Book, our auditor, has merged with another company, and two entities were created. Savant Tax Consultants will be handling wealth management and investments, and Atlantic Blue Advisors will continue to provide auditing services.
There are two parks for sale, Hedgerow Hollow and Mt. Pleasant. Since neither has HOAs, it is DEMHRA’s responsibility to send the Right of First Offer (ROFO) notification letters to the tenants. Letters were sent to Hedgerow Hollow on May 7, 2024. Mr. Pleasant notification was just received today, and the Right of First Offer letters will be sent by the end of the week.
Legal Counsel Report:
Ms. Rhoads had no written report this month and stated that everything that had been assigned to her previously had been resolved.
Recent Financial Activity & Report:
It was brought up that the trust fund is capped at $15,000,000, and consideration should be given to reducing the amount of assessment fees collected from owners and tenants by $1.00 each to delay reaching that amount. It was suggested that if it is decided to follow through with this initiative, it makes sense to begin working on it now so that owners can be notified of a change by July, with an effective date of January 1, 2025. It was also asked if Mr. Sutton can compile a report for the next meeting comparing the current income/expenses from assessments and projecting what it would be with the proposed decrease. It was noted that DEMHRA does not need legislative approval for this. This will be placed on the next meeting agenda.
Arbitration (Update on Status of Open Dockets):
Delinquent Parks Report:
There were no new delinquent parks to refer for legal action.
Rent Increase Certification Requests:
There were 39 violation letters and rent certifications sent in April. See § 7051A. Rent increase; health or safety violations in Title 25 for additional information.
Update on Parks for Sale:
Dalton’s MHP is still for sale. It will be over one year by the time of the next board meeting. Mr. Sutton will check what is required by code, and if mandated, Dalton’s will be contacted to let them know that the Right of First Offer must be renewed if they still have intentions of selling the park.
Update on Parks Going Through Change in Use:
Approval of Applications:
Financial Matters: (as of April 2024)
Our next meeting is scheduled for Thursday June 20, 2024 at 1:30. Our address is 1979 S. State Street in Dover.
Please visit our website for additional information at demhra.delaware.gov
Copyright © 2024 Delaware Manufactured Home Owners Association - All Rights Reserved. We strive to provide up-to-date and accurate information on our site. If you encounter any issues or errors, please report them to our webmaster using our online form.