July 21, 2015 – Meeting Minutes

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July 21, 2015 – Meeting Minutes

SUNSET COVE HOMEOWNERS ASSOCIATION, INC.

BOARD OF DIRECTOR MEETING MINUTES – TUESDAY, JULY 21, 2015

 

The meeting was called to order at 6:38pm by Will Hernandez, Vice President. Present: Will Hernandez, Gerry Holstein, Glenn Parrish, Jack Damonte, Sal Gambino, and Simone Luke. Homeowners Present: 14 Blue Crest Management: Mara Carter, Property Manager

 

Motion by Sal G. to accept May 19, 2015 minutes. Second Will H., motion carried. ALL IN FAVOR

 

Legal Update

  • Board discussed 60-90 day delinquent administrative fee of $50.00 monthly; send letter

to include gate access denial/barcode. Motion by Glenn P. to oppose additional $50.00 administrative fee monthly for delinquent accounts over 61 days and deactivating decal/barcode access. Second Gerry H. motion carried. ALL IN FAVOR

  • Glenn P. will review delinquent accounts and write letter regarding the same

 

Master Association Report – Sal G. attended meeting

  • Board discussed replacement of entire irrigation system along Central Park Place
  • Over budget on several items
  • No August Board meeting

 

Financials – Report provided by Gerry H., Treasurer

  • Year-to-Date spending and budget in line
    • $193,000 – Reserve Account reduced by $20,000 for new irrigation pump; also

will be reduced by $60,000 for guardhouse and pool renovations

  • $25,000 working account – Operating
  • $250,000 for paving of road
  • $130,000 for common area wood fence replacement
  • Increase maintenance $20-$25 for next 5 years
  • Budget capital improvements/reserve study

 

Motion by Gerry H. to increase reserve restoration assessment of $800.00 per homeowner over 16 months beginning September 2015. Second Glenn P., motion carried. ALL IN FAVOR

 

Open Forum

  • Homeowner asked about Board having another member: 6 Board members a 7th

needed. Nancy Becton was asked to be a Board member. Simone L., appointed Nancy B. to join the Board and she accepted. The majority of the Board (5 members) accepted with (1) dissenting vote by Jack D; motion passed.

 

With no further discussion, Motion by Simone to adjourn at 8:22pm. ALL IN FAVOR

 

 

 

APPROVED:_______________________________________________             DATE:________________________