Policiy and Procedure Resolutions

(Approved by Board 10/9/2006)

Prospect Plaza Condominium Association

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Policy and Procedure Resoutions

Policy for Establishment of Policies & Procedures

Policy for Collection of Assessments

This policy reiterates the Collection Policy already existing in the Amended and Restated Condominium Declaration which is the ultimate governing document of the Association.

Policy for Conflict of Interest & Fiduciary Duties of the Board

Policy for Investment of Reserves

This policy reiterates and enhances policies already existing in the Amended and Restated Condominium Declaration and in the Bylaws.