Board of Directors Meeting

These minutes are unofficial until approved by the board at the next meeting.

The meeting was called to order at 7:04 p.m. on June 16th, 2011

Board Members in Attendance:

• Michael Palmer
• Gigi Aldemir
• Jonathan Glassman
• Dennis DeDomenico
• Linda Walton
• Harry Cohen (Property Manager)

New Business

Fertilizer:
Resident, Bryan Mitchell, fertilized around CE at his own initiative at a cost of $485. He asked that the board consider reimbursing him for this expense.

• The board voted (5-0) to reimburse Bryan Mitchell for the cost of fertilizer.
• Additionally, Harry and Bryan will walk the property to assess the state of the trees, determining what is healthy and what might need to be replaced.
• The board voted (5-0) to provide Mitches fertilizer quote to our landscaper for a comparable bid

Old Business

Unit #31 AC
The AC unit in the window of unit 31 is still there. A certified letter will be sent to the owner that it must be removed within 5 days of receipt of the letter or face a fine of $25/day. This fine would commence on the 6th day.

More New Business

Concrete Bumpers and Diamonds:
Property manager was going to get us some quotes on these, however it was found that they represent a code vilation and an insurance liability. The board discussed that when we redo the parking lot, our intention is to extend the curb to the road.

Flood Insurance:
There was some discussion about CE purchasing flood insurance and our agent is working on a proposal. They have stated that they do not recommend we purchase this policy as CE is not in a flood zone and the likelihood of a flood is extremely low. Homeowners who wish to have this coverage may buy their own.

Locks on Restroom Doors:
We got several estimates for combination locks for the pool area restroom doors. They are quite high. The issue of replacing these locks or not was tabled since we have keys to the existing locks.

Proposal for Rat Bait Stations:
We received a proposal, from our exterminator, for rat bait stations. The proposal included:

• 9 buildings, each with 2 stations, at $25/building (plus tax)
• $150 to install and bait
• $150 every 2 months to refill the bait stations

The board voted (5-0) to accept the bid. This will result in a 1-time cost of $388.50 plus the ongoing expense of $75/month. The intention here is that we will not have to deal with any costly rodent problems in the future.

Financial Statements:
We now have complete statements for March-May of 2011.

Rental Waiting List:
The rental waiting list, as it currently stands is:

• #17 - Robert Scott - 10-21-2009
• #23 - Bryan Mitchell - 02-01-2010
• #13 - Sue Perez - 05-04-2010
• #12 - Shannon Rhodes - 05-06-2010
• #34 - Dennis DeDomenico - 09-09-2010

Shannon Rhodes asked how many days before a unit would lose their rental rights if vacant. The board members did not have that information on hand but referred her to the condo docs on the web site.

Decorations Attached to the Building:
Units 7 and 9 have attached decorations to the building since we painted. These decorations must be removed.

Passed: Motion to Adjourn:
The board voted to adjourn at 8:54 p.m. (Passed: 5-0).

NEXT BOARD MEETING TBD