NASSAU HOUSE ASSOCIATION

GENERAL MEETING

MONDAY, FEBRUARY 18, 2002

7 PM   RECREATION ROOM

Board Members Present:            Tony Bazzinotti, Preston Scroggin, Adda Manosalvas, Aldo Addario,                                                            Rich Larrabee

Members Present:  35

President Tony Bazzinotti opened the meeting with a welcome  to all who attended, then started off the meeting with a report on the concrete restoration project.  No award to a bidder has been awarded at this date.   Tony stated that the board is now waiting for a sample of the railing from Daniello-Lime which is to come in with in the next 2 days.

The board will met again on Wednesday (2-20-02)  and hopefully will decide then on a contractor.  The board is down to 2 different contractors now which are Aqua-Shield and Daniello-Lime.

Aqua Shield came in with a bid of $723,493 and will take approx. 25 weeks to do the job.  Daniello-Lime came in with a bid of $725,000 but are coming back with a new railing which they will bid on.  Their bid now is on a railing from the Specifications originally in the bid packet, but will come back with a new bid on the railing selected by the owners.

The rough assessment fee will be for a one bedroom (A) $4,264.00, (B) two bedroom $5,825.00 and (C) a 2 bedroom corner $6,240.00.

A final number will be arrived when the contract is signed. 

Questions came up from the audience concerning the project:

When will the project start?
As soon as contracts are signed.

How long will it take?
approx. 25 weeks

How will they take away the present railings?
Contractor will take all railings away.

How many times a week will the engineer be here to inspect?
At least twice a week or more.  He could check in with the office or by time clock.

How many and what balcony’s are bad enough that the contractor must go into the apartments?
Office will call Swaysland and have them send us a list of those apartments affected.  There are approx.10 balcony’s that are affected.   Either doorway work or have to go into the unit.

Tile on balcony to be removed?
All balcony’s that have tile will have the tile removed.   Decks will be painted a light gray.  Contractor will not put down new tile. 

The contracts will go to the attorney for him to review and make any changes.

 When will payment will be due?
Aqua Shield will not need any payment till they finish the complete job.
A payment schedule will be set up for Daniello-Lime.  As soon as we sign a contract with either contractor, a letter will be sent out to all owners with the assessment notice.   A copy of the contract will be sent to our attorney to review for entire contract and also the bonding.  Loan will be up to the individual owner.

Owner to pay in one payment or three payments.

Enough money for the Hair Line Cracks to be done by Painter?
Yes, since the railings are not be painted, this will cover them.
Building will be painted the same color as of now.

New Business:

Parking Concerns:  Owners must park in their own parking spot or rented spot.  Cars being parked in guest lot where they should be parking in another spot.  This will be looked at with a firm hand, or board will start to tow cars.  Owners must respect the rights of others and park in their own spot. 

Newspaper:  The mail light will be put on when the papers are here. 

Treasurers Report: 
Income for the month of January $72,749.88
Expenses for January $27,881.13
Balance in account       $44,963.30

Motion was made by Mike Millazo to adjourn, seconded by Gene Duquette.

Meeting adjourned 7:50 pm