Meeting of the Board of Directors
Lemon Cove Inc.
14 April 2007
(These minutes have not yet been approved by the Board of Directors)

In Attendance:

            Bob Glaubit
            Marilyn Daniels
            Mike Keeling
            Bob Glazer

Others Present:
Nancy Costello
Fran Leach
Bob Hires

Called to order at 10:07 am

Treasurer’s Report:

$11,800 in USAA Insurance account

CD matured with $1,004 interest
New account is a reserve operating account now at TIBB
Both reserve accounts now at TIBB

$35,899 in reserve operating account (CD plus Bank of America balance.)

$3,600 in regular operating account at month end
$28,022 now in account

Checks ordered for TIBB and received.

Mike has office mailbox at Lemon Cove for official business

Need to change all official correspondence to address Lemon Cove Unit Office

Update of information sent from Becker and Poliakoff

$$24,733.07 fronted by Bob Glaubit for:
            Painting and spauling work ~$19,000
            Elastomeric  and elastomeric for both buildings and new doors

 

MOTION by MARILYN DANIELS to approve reimbursement of President Glaubit
2nd by Mike Keeling

Carried Unanimously

MOTION by BOB GLAZER to recognize Bob Glaubit’s efforts on behalf of Lemon Cove Club to have the buildings repaired and using his own funds to tie LCC over until CD matured,
            Seconded by Marilyn Daniels – Carried unanimously

Discussion on insurance and financial aspects of insurance.  On a cash flow basis, the lowest the accounts will get to is $12,000.  We should have $27,000 at the end of the year conservatively in reserves and operating expenses (~$3,500 in operating account – the rest in reserves.)

Reduction in Windstorm may be achieved by getting a Florida Windstorm Association Citizen’s Insurance form that recognizes roof structures that are built with superior construction.  An engineer must prepare the certification.  Accordion shutters qualify as Class A, corrugated shutters are “b” no shutters $250 for one builidng  $100 for next.  A 5% reduction will reduce our windstorm obligatios by over $800. .Discussion that inspectors think we have wood roofs.  Approval to commission engineer to do survey.

Letter distributed to Board from Keeling requesting approval of porch on outside of his unit.

MOTION by Madeline Daniels to send letter approving changes to common elements in front of Keeling’s unit.

MOTION

MOTION by Glazer to remove clause from the Rules and Regulations requiring that all pets must be carried on common property., Seconded by Daniels.  Approved by Glaubit, Glazer,  Daniels.  Opposed by Keeling.  Motion carries.

 

MOTION by Glazer to remove no dogs clause in Rules and Regulations. Seconded by Daniels.  Approved by Glaubit, Glazer,  Daniels.  Opposed by Keeling.  Motion carries.

MOTION by Madelien Daniles to send a ballot to association members to consider approval or disapproval by the homeowners to approve Hurley’s request for dog during the summer.  Vote will be allocated by voting interests of the units.

A ballot along with their letter will be sent.   

Septic system discussion for 593 Sombrero Beach Rd. Bob Glaubit and Mike have
agreed to check on the swere operation for building 593. 

Dockmaster Report

The bad news -  because of mangrove growth the width of canal is only 80’ instead of the original 100’.  Therefore a vessel less than 20’ is the only size available. 

As it currently stands, we can get 15 boats at an angle.  Agreed that we would meet with Glenboe to see what other options are available.

Interior spauling, cracks and leaks.  Bob Hires now has two leaks that were not there before

Survey to each unit to report on any new leaks after repairs.  Upper windows will get caulked.

Reminder to members of the Association that bicycles must be operational and removed in case of hurricanes..  The Bike Rack is not a graveyard.  Furthermore Henderson’s email needs to be changed to b.b.henderson1@peoplepc.com. 

Hurley’s new area code is 239.

MOTION by MADELEINE DANIELS to approve the creation of web page not to exceed $100 annually.  Seconded by Mik Keeling.  Approved unanimously.   .

Meeting adjourned at 11:57.
Adjourned