HOA Board of Directors Meeting, June 27, 2026

HOA Board of Directors Meeting, June 27, 2026

Call to order 10:10 A.M. by Lonnie Wright, President. All Board Members were present.

Topic for the meeting was IRS Tax Forms and requirements; Louisville Metro OL3 form (Occupational License Tax Return) and Federal IRS 1120-H (HOA Tax Return form). An extension for filing the OL3 has been granted until October 15, 2026.

The Board discussed best options for the resolution to the issue of filing these required tax forms, which we have never processed prior to this notification. The President, Mr. Lonnie Wright, and the Treasurer, Mr. Louis Holzknecht, and the Board agreed it would be better to make an appointment to talk with the IRS for input as to the information that is required before spending funds on a CPA or Lawyer. All the money generated for the HOA comes from the dues that the Members pay each year, which is tax exempt; no income of interest is earned from the bank account. Therefore, there is no taxable income.

Signs are needed for the Speed Humps and Speed information. A sign for No Outlet for Baumler, which is to be placed at the corner of Old Toll Rd. and Sewell Dr. was discussed regarding placement. The Board is to check with a couple of fence companies to see if they can place poles for the signs at a better price than what we have been quoted from the present company.

Meeting adjourned at 11:15 A.M.

Minutes submitted by: Sharon McDermott, Secretary

06-29-2026