Venture Out is a community where the lots are owned by YOU, the homeowner. All lots are deeded to the individual owner and each lot owner owns a 1,749th interest in the common elements.
Venture Out is governed by a nine-member Condominium Board of Directors; three new members are elected each February by homeowners. The Condo Board sets policy and employs a General Manager to implement the policies set. The General Manager oversees this implementation, managing a dedicated team of about 50 employees, maintaining Venture Out’s status as a premier association.
Each March the Condominium Board of Directors convenes for a week for budget discussion and preparation. The annual budget is presented to the membership at a March Town Hall and printed in the annual summer mailing. The Board oversees a multi-million-dollar annual budget as well as reserve funds. Copies of the budget and the reserve study are available at the Administration Office. Association assessments are paid each quarter.
Unique to Venture Out’s governance structure is the nine-member Social Board, with three new members elected each March. This auxiliary board steers policies for the active clubs within the community and supervises their own annual budget that helps fund the many exciting activities in the park. The fundraising done by clubs helps support the varied activities in the park, without adding the cost to the Association assessments. Notably, the Social Board prioritizes inclusivity, ensuring that the needs of all clubs, regardless of size, are considered during budgetary deliberations. The Condo Board and the Social Board Treasurers discuss the Social Board budget and both Boards work together to ensure that Venture Out residents enjoy only the finest recreational opportunities. In addition, both Boards are assisted by many standing and ad-hoc committees. Ultimately, both the Condo Board and the Social Board collaborate to guarantee top-notch recreational opportunities.