Bod meeting island club
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- PLEASE GET YOUR PROXY VOTE BACK TO THE ISLAND CLUB ASAP SO THAT WE DON’T HAVE TO EXPEND TIME TO CALL OWNERS.
Hutchinson Island Club Association, Inc. 10410 South Ocean Drive Jensen Beach, FL 34957 BOD MEETING – ISLAND CLUB Oct. 17, 2013 CALL TO ORDER: Pete Stamile called the meeting to order at 1:30 PM ESTABLISH A QUORUM: A quorum was established. Pete Stamile, Tom Williams, Rose Greenip, Ellis Hatch were present. Confirmation of certification of mailing and notice to directors Secretary’s Report: Reading of the Sept. 12,2013 minutes were waived. President’s Report: Two main items are the window wall system and the bldg plumbing. Jeff Mullis & John Bishop are aiding & have been a big help working with our Forensic Engineer on the window leaks. The Engineer’s report has been completed and outlines where the window leaks occur and a possible remedy. In addition, replacement of severely corroded cast iron drain pipes in the building has begun. Thanks to Ellis Hatch & John Bishop for their leadership role in this area. Treasurer’s Report: The Association has $118,673 in cash and $498,841 in the reserve account. The Garage has $10,564 in cash and $2,502 in the reserve account. Advantage Property is transferring cash into the existing garage reserve. Monies in this reserve account are for future garage door replacement. Fred Dulis has done the condominium audit at a cost less than $1K than previously; his report is almost done.
Secretary’s Report: The maintenance Advisory Group Will send out an email report detailing the replacement of the old corroded cast iron plumbing (drain/vent pipes) in the building. This report to all owners will be forthcoming. The secretary is responsible for records regarding rentals and has found that owner/rental paperwork (signed applications and rental agreements) is in large part MIA for rentals prior to July of this year. The combination of missing documents and comments during this BOD meeting “in the past everyone did what they wanted” concerning rental issues isn't the correct way to enforce/operate our rules and regulations. It appears that the whole rental policy needs to be reevaluated due to the lack of a consistent policy procedure, enforcement and general confusion. Ellis Hatch made a motion to form an advisory group (he will chair with a maximum of 5 participants) to investigate and clarify rental policy. Motion was seconded by Tom Williams and was carried unanimously. Anyone interested in serving on this advisory group please contact Ellis Hatch.
Manager’s Report: Waived as Eric Vere was absent due to illness.
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Old Business: A plumbing leak in laundry/kitchen drain pipes in stack 7 caused extensive water damage in units 707 and 207. In stack 7, 3 or 4 units needed to be opened up to dry out (sheetrock removal). Due to units already opened up it was decided to replace all cast iron drain pipes with PVC for the entire laundry/kitchen vertical drain line in stack 7 . The plumbing work took about 3 days and the replacement of sheet rock etc. another 2 days. Tom Williams made a motion to ratify monies to pay for this plumbing and sheetrock work; cost about $11,000. Ellis Hatch seconded and all voted in the affirmative. The next step will be to replace all cast iron drain pipes in a bathroom stack. Because of current low occupancy in stack 4 & unit 404 being completely gutted (new ownership) there was a motion by Pete Stamile and seconded by Tom Williams: ratify the expenditure of funds to do stack 4 bathroom plumbing. We will also do laundry/kitchen plumbing up through 504. We want to complete all cast iron pipe replacement in 404 because of easy access. All board members voted yes. The estimated expense per bathroom stack is $20 K excluding the sheetrock repair. Tom Williams made it clear that our deteriorated cast iron drain/vent pipes need to replaced, sooner than later. Besides the obvious water intrusion issues when a pipe breaks, there’s a health issue with the possibility of E Coli infection from the sanitary/toilet drain pipe leakage into the ceiling and personal items in the unit below. New Business: The funding to do the above will come either from reserves that would become available via reserve pooling that the BOD is asking all homeowners to approve. The only other option is to assess each homeowner $2500 to do the plumbing work and pay for any expenses associated with window wall leak repair. There's nearly $250,000 in the elevator reserve which will not be needed in the near future due to Florida Legislation change. Our elevators are in good working order and do not need to be upgraded by July 2015 (reversed FL law). This money is sitting there making little, if any, interest and needs homeowner approval to become a majority of pooled reserve funds. Tom Williams made a motion to: special access all owners, $2500, as a contingency, to be enacted November 7, 2013 if the vote for reserve fund pooling fails. This is the date of BOD meeting to disclose results of home owner limited proxy vote on reserve pooling. PLEASE GET YOUR PROXY VOTE BACK TO THE ISLAND CLUB ASAP SO THAT WE DON’T HAVE TO EXPEND TIME TO CALL OWNERS. The meeting adjourned at 3:45 PM after a motion by Tom Williams, seconded by Rose Greenip and a yes vote from all board members.
Respectfully submitted, Ellis Hatch, Secretary Pg 2 of 2 – Oct. 17, 2013 BOD minutes To be emailed Oct. 21, 2013 Download 17.57 Kb. Do'stlaringiz bilan baham: |
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