|
|
|
|
BOARD OF
DIRECTORS MEETING BOARD MEMBERS PRESENT: Michel Pytlarz, Thomas Puntillo, Carlos Rosende, Marge Trani. Absent: Anthony DeCesare OWNERS PRESENT: 2 MAY 3, 2005 MINUTES: Read by Michel and accepted by the board. TREASURER REPORT: Carlos reported that we have a balance of $32,693.43 in our Checking account. ASSESSMENT FOR PARKING LOT, POOL AND PATIO Owners question as to why an assessment is broken down to “A-B &C” for such as this one, when all use the parking lot and pool area. Michel explained that after talking to our attorney on this, he said that this is done according to our original documents. Also, according to the attorney, if we should have a total loss to the building, it is broken down to A-B and C units. “C” unit owns more of the building than an “A” unit; therefore it must be broken down into A-B & C assessment. This issue comes up each time we have an assessment. Michel spoke with the engineer for the parking lot today and was told that the asphalt prices are going crazy and also concrete prices are going up and Nassau House must make a decision fast to hold prices. The Engineer has a big concern with the “run off” problem with the front area, especially near the circle area. The grading must be correct in order to stop the problems that we now have. Expenses for Parking Lot (Asphalt) is $150,000. Pool Area Paving $46,000, Pool Resurface (diamond brite) $10,000.00 Sidewalks $10,000.00, Furniture for Pool $8,000,00 , Pool Tile $10,000. Grand Total $234,000.00 Marge made a motion to approve this assessment and payments to be as follows, second by Michel. Carlos made a motion to approve the expenses for the entire assessment, second by Tom. A new account will be set up for this assessment. The Assessment will be as follows: A Units Total $1,199.25 1st payment due on June 15, 05’ $299.81, 2nd Payment due Aug. 1st $599.63 and 3rd payment due on Sept. 1st $299.81 B Units Total $1638.00 1st payment due June 15th $409.50, 2nd payment due Aug. 1st $819.00 and 3rd payment due on Sept 1st $409.50. C Units Total $1,755.00 1st payment due June 15th $438.75, 2nd. payment due Aug 1st $877.50 and 3rd payment due on Sept 1, $438.75 The board stated that on the third payment, it may be reduced. This will all depend on the final cost of the asphalt. Owners will be notified if payment is to be reduced. For those of the owners who have paid in full, they will receive a refund. The board has contracted National Pool for the complete pool work. Michel was very impressed with National Pool as they pointed out a few problems that they saw with the workings and went thru everything with Michel. Some of the tiling does not meet with code. The board has also contracted with Hard Drive for the parking lot asphalt. HOT WATER HEATER FLOOD: Michel reported that a letter has been written to Unit #1001 and also her insurance carrier for the damages that occur to the floors below from the water heater bursting. The total amount is over $8,000. VOTING ON DOCUMENT CHANGE: As of this meeting we have 109 Yes Votes and 13 No’s. Marge made a motion to adjourn the meeting, second by Carlos. Meeting adjourned at 8:30pm. |
