Welcome to episode 10 of the Lyon's Gate HOA Podcast. In this episode, Lyon's Gate President Bob Ferron and Vice-President Mike Adams talk about the recent developments with the unexpected resignation of City Property Management, how their resignation impacts Lyon's Gate, and the plan in the coming weeks to secure a new property management company.

On October 1st, 2020, City Property Management resigned as the property manager for Lyon's Gate, giving the community 30 days to transition to a new management company. In this episode, Bob and Mike review the process that is in place which was voted on and approved by the Board of Directors at the emergency meeting which was held on Wednesday, October 7th, to hire a new management partner for Lyon's Gate.

Milestones

Here are some important events in the hiring process and their associated dates to keep us on track to have a new management company in place by October 30th:

• Wednesday, October 7th: The Board approved gathering recommendations from residents for property management companies through noon on Friday, October 9th.
• Friday, October 9th: RFPs sent to 12 property management companies. Each company has until Friday, October 16th at 5:00PM to respond.
• Saturday-Sunday, October 17-18: Proposals received are reviewed by Board members individually.
• Monday, October 19th: In a special meeting of the Board of Directors, open to all residents, the Board will choose 3 of the candidates to present their proposals to the Board and to the residents at the Regular General Board meeting on Wednesday, October 21st.
• Wednesday, October 21st: At the Regular Board meeting, the decision will be made by a vote of the Board to hire the new management company. A Letter of Intent will be signed, followed by the securing of the contract.
• October 22nd - 30th: Transition from City Property Management to the new management company.

As mentioned above, there will be another special meeting of the Board of Directors at 7:00PM on Monday, October 19th. All residents are encouraged to attend. A recap of events thus far and a link to access the meeting remotely can be found at:

https://livelyonsgate.com/board-meeting-follow-up-and-action-items/

The Lyon's Gate Board of Directors is available to answer any questions you may have. Use the contact form on the Lyon's Gate HOA website at https://livelyonsgate.com/contact-us/