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Heritage Pines accepts unaudited Oct. 31 financials; notes investment account and pond treatment contract
Summary
Board accepted unaudited financial statements and was told a BankUnited ICS account was established (initial rate cited at 4.75%, believed to have dropped to 4.25%). The board also learned Premier Lakes began a pond treatment contract Dec. 1, 2024.
The board accepted the unaudited financial statements as of Oct. 31, 2024. District Manager Chuck Adams told the board that the BankUnited Insured Cash Sweep (ICS) investment account had been established; he said he believes the initial interest rate of 4.75% has dropped to 4.25%.
Ms. Vaughan asked whether anything further could be done with the pond area by Rolling Hills. Adams said both the large pond and Pond 3 are treated three times annually by the new company, Premier Lakes; the contract began Dec. 1, 2024, and the next treatments are scheduled for March and July 2025. On motion by Mr. Rhodes and seconded by Ms. Vaughan, the unaudited financial statements were accepted.
