|
|
|
|
NASSAU HOUSE ASSOCIATION BOARD OF DIRECTORS MEETING DECEMBER 6, 2004
Board Present: Roy Regeski, Marie Kastenbauer, Carlos Rosende, Michel Pytlarz Absent: Marge Trani Owners Present: 4 Treasurer’s Report: Carlos reported the balance in the checking account as of November 24, 2004 to be $42,737.83. Marie read the minutes of the last meeting and made a motion to accept, seconded by Roy. Budget: The board spent 3 ½ hours going over the final budget for the year 2005. As many of us know the prices of fuel, insurance and other general prices have gone up forcing the board to raise the fees for maintenance for the year 2005. This will be the first raise in maintenance fees in 3 years. Pool: The board is to write Infinite Company, which is one of the suppliers for the pool gas to stop their services with Nassau House. Now only Teco Gas will supply us. What the board originally thought would be a savings to us condo has not turned out to be so. New Buyer Downpayment: The board reviewed a letter written by Becker & Poliakoff on a proposed amendment change to the Declaration of Condominium concerning the 20% down payment and up front maintenance the buyer for the unit being sold. The owners of the Association will vote this on. Re: Down Payment: The purchaser shall put down 20% of the sale or purchase price. Plus, a twelve (12) months maintenance fee to be posted as a deposit. Maintenance fees will be paid on a timely basis. Such escrow deposit shall be kept in a special, non-interest bearing account for a period of one (1) year ending on the first anniversary date the deed to the apartment was recorded, at which time, if the apartment owner is not in default in the payment of any regular or special assessment, the escrow payment will be returned to new owner. This change does not apply to a transfer to or purchase by a bank, which acquired its title as the result of owning a mortgage upon the apartment concerned. Michel made a motion to adjourn the meeting, seconded by Carlos. Doris Schmidt |
