NASSAU HOUSE ASSOCIATION

BOARD OF DIRECTORS MEETING (WORKSHOP)

THURSDAY, FEBRUARY 28, 2001

7 PM  RECREATION ROOM

Board of Directors:            Tony Bazzinotti, Preston Scroggin, Adda Manosalvas, Rick Larrabee

Absent:                                Aldo Addario

Concrete Project

After the last meeting the board was checking into the credit/financial background of two contractors, Aqua Shield, Daniello-Lime.

Both companies are stable.  Daniello-Lime would do the job in 18 weeks, Aqua Shield in 24 weeks. 

Tony asked for a motion to rescind of awarding the bid Aqua Shield as the bidder for the concrete restoration work to be done on Nassau House, seconded by Adda Manosalvas.  All in favor.

Tony then asked for a motion to award the bid to Daniello-Lime in the amount of $722,322.50.   Motion was made by Rick Larrabee, seconded by Preston Scroggin.  All in favor.

Tony said this has been a long hard decision to make and  the board to spend all their time in making this final decision.  In addition to the awarded bid of $722,322.50 the board will have to add on legal fees and engineering fees.  This total figure will come close to one million dollars.

The board then will have an assessment to the owners.  The board would like to make installments in 3 payments.  The total amount will have to be paid in the 4 month time allotment since the job will take 18 weeks.

Tony contacted the attorney regarding a performance bond.  This decision will be made when the contract is drawn up.  The attorney suggests strongly to have a performance bond from the contractor. 

Bruce Washienko of Unit 103 asked what recourse the owner has if they do not like the work that Daniello-Lime as done.  Tony replied that 2 different things could happen.  1.  Call engineer and the owner could make his opinion to him then and if the engineer said yes you have a problem then Daniello will have to make the error good.

Mike Cusato asked what apartments will have to be entered into when the balcony work is being performed that needed extra attention.  Tony replied that the 10 apartments would not specifically named and as the work is being performed would know the extend of the damages.  Rick added to the answer that the engineer estimated that their would be about 10 units and would not know until the slab is opened up and they the engineer could see what the damage really is. Tony said that when and if this happens, we would have to open your unit and then the contractor would build a wall around the area.

Question came from the audience if the City of Pompano inspects the job.  Tony replied that he is not really sure, but the city could come in at any point since they have issued a permit.

Roy Regeski asked what company would manufacture the railings.  Tony said that Arista Aluminum Railings would make the railings and make the railing the same as the owners voted in favor of with an addition welding channel on the bottom.  The board will make sure it is the same gauge as the one on display.    Larry Shallcross asked how they will be installed. Tony said the railings will be cored drilled and the posts will set in the cored drill holes and then concrete poured in. 

Tony said there is still a lot of work to be done.  Contracts to be signed, permits, legal work, engineering work to be done before the start of the job.

Question came up on what the assessment would be.  Tony said that a final figure is not ready, but near what was announced at the last meeting.

A final figure of one million dollars would be close for a total figure.

18 weeks is what Daniello-Lime announced would take to do the job, so payments will be needed to be paid in full by the end of the job.

Larry Carnevale asked about the painting assessment that has already been paid.  Tony said that money was  a line item and is still in the bank.

Bell Painting will be contacted when the job starts and they can follow up and paint as soon as the concrete job is completed.  

Question came from the audience as what happens when an owner can not come up with the money.  Tony said it is the owners responsibly to come up with the money.  If not paid a lien could be put on your unit.

Preston asked if the performance bond was in Daniello-Lime’s bid?  Tony answered no.  Permit and mobilization was listed.  If a 1% bond is needed it would be $7,256. and a 2% would be almost $8,000 more.  Preston asked also if the $7,256.00 performance bond is figured on the quote of $722,322 or a total figure of the entire job?   Tony answered he was not sure but guessed the figure of $722,322.

Question came from the audience who is responsible for damage done in your apartment?  Tony said they (the contractor) are not responsible.

The Association may be responsible.  The building insurance may have to pay for any damage in the units. 

Meeting adjourned.

Minutes taken from tape.