BOARD OF DIRECTORS
GENERAL MEETING

DECEMBER 13, 2005

BOARD MEMBERS PRESENT: Michel Pytlarz, Tom Puntillo, Carlos Rosende, Marge Trani.

Absent: Tony De Cesare

OWNERS PRESENT: Seven

Meeting was brought to order, by Michel, at 7:35 P. M.

Minutes of December 6, 2005 meeting read by Marge and corrected as the drywall is the only thing covered by insurance. Minutes were approved.

TREASURERS REPORT:

Special Assessment account balance $134,295.74 (before deposit of $13,043.52, from units 205 and 205, with interest) and the Checking account is $42,448.53. A check for $10, 000 was drawn to Flood Wizard as a down payment for water damage.

ROOF AND OTHER REPAIRS:

Our proposed new roof has been turned down, by the City, as well as the Jamaica House; however they will approve if we send a certified letter, from the board of directors, to the roofing company acknowledging that we are not putting on insulation due to the fact that we have no parapet wall and require maximum wind resistance. The board unanimously approved sending this letter. Previously, it was agreed to use glue as it is not as messy; however, we will have to go with the wet-mop asphalt as there is 575 lbs of uplift resistance, as opposed to 400 lbs., with the glue process. Roofing materials will be delivered and a payment of $110,000, is required. Permits have been approved and materials will be delivered, as they do not have the facility to store it. Michel attempted to extend the payments over the course of a year; however, since roofers are in such demand it could not be done. Payments will have to be made as the work progresses.

BELL PAINTING:

Michel met with Bell Painting and was informed that the 2year warranty was voided by the hurricane. Michel pointed out that the water intrusion that we are experiencing on the east fire stairs has been happening before the hurricane. Bell Painting agreed to repair that area under warranty if we have them clean the building.

INSURANCE ADJUSTER:

Michel has tried to contact the adjuster, numerous times but he has been unavailable. We still need answers to what is or isn’t covered as the building cleaning, alone, cost $32,000.

BUDGET 2006:

Approved, effective January 1, 2006, new maintenance will be $457 (unit A), $624 (unit B), and $668 (unit C).

PAVERS:

This weekend the pavers will be cleaned and sealed (white ones are on order). Stained pavers will be replaced and ramp to rear entrance will be corrected.

FIRE DOORS:

Two have been replaced and one has been repaired. Shondell to paint them.

BALCONY FLOORS:

Some owners have had problems with pealing floors.

IT IS NECESSARY FOR ANY OWNER WHO HAS NOTICED ANY PEELING TO ADVISE THE OFFICE SO THAT THE PROBLEM CAN BE CORRECTED

LEGAL RETAINER:

The board has approved the annual contract with our attorneys, Becker & Poliakoff. The board also approved to renew the contract with the newspaper recycler.

LANDSCAPING:

Tom will be researching a new landscaping company as we are not satisfied with Tri-R, our current one and also work with Sandy to repair our grounds. The palm trees will be trimmed this week in an attempt to save them.

NASSAU HOUSE SIGN:

Marge will be following-up with Columbia Sign, the manufacturer, after January 1^st, to have the sign repaired and painted.

GLASS DAMAGE:

Michel met with the glass repair company on Saturday and thy tried to fix the broken windows in several apartments. In some cases, they could not repair them due to frame damage, so the owners will have to decide on replacement.

GLASS DOORS ON CATWALKS AND WRAP-AROUND SHUTTERS:

An informal voting form will be sent along with the annual election package to assess owner’s interest in these proposals. If the necessary number of owners approve, a formal vote will be taken and the Condo documents would have to be amended.

TOKETTES:

Since water cost and repairs are on the rise it was decided to increase the cost of laundry tokettes to $1.00 each, as of January 1^st. A packet will now cost $20.

WASHERS:

The washer on the 6^th floor is the last one needing replacement and this will be done shortly.

PATIO FURNITURE:

Tabled until patio is finished.

Meeting was adjourned at 9:30 p.m.