East Brookwood Water Association Meeting
1/20/03
Location: Franks Pizza 7:00pm
Attending: Tom Migliorino President
Bob Moschella Vice - President
Rich Stopa Treasurer
Chris Cartwright Recording Secretary
Chris Basile Corresponding Secretary
Jeff Kleinschmidt
Pat Stevenson
Residence Attendees: 0
Call to Order: Meeting was called to order Bob Moschella 7:12pm.
Minutes – Chris Cartwright read minutes from 1/7/02 Board meeting.
Acceptance on Minutes: Bob made motion to accept and Tom seconded the motion for meeting notes 1/7/03. Tom signed the minutes and put in his files.
Treasure report – Provided by Rich Stopa
· Bank CD’s Total = $46, 171.79
· Money Market = $27,069.64
· Cash on hand = $1,473.42
· Outstanding Balance Due = $ 5,776.11
· Cash Received = $ 7,124.60
· New Loan Checking Account = $ 169.36
· 2003 Interest To Date = $0
· 2002 Association Expenses $39, 435.36
Old Business:
o Leak at 29 Brookwood Drive is still a problem. Chris and Rich are looking into new contractor. Old Contractor is not returning phone calls. Chris Basile is dealing with Bob Mooney. Rich will look into as of 1/20/03. Old Contractor does not want to place new pavement.
o Lien Update - 3 Wildwood lien. Tom signed all paperwork necessary to start the lien process. Paperwork has not comeback to Tom detailing lein has been placed from county. Still OUTSTANDING FROM COUNTY. Lien has been recorded and county in now up to November paperwork.
o Billing – continue until laptop and program is approved and presented at 1/22/03.
o Issuing of 1099’s and possibility of state auditing association on checks paid was discusses again. Pat researched this issue anything over $600 need to be sent a 1099. Paperwork need to be updated a 1066 form. Jeff will look into.
New Business: $300 threshold was the standard amount to place a lien. Tom sent letters certified mail and applied liens to below property.
|
Block |
Lot |
Resident |
Outstanding Balance |
|
47 |
145 |
Verrinder |
$568.07 |
|
41 |
213 |
Niper |
$447.79 |
· Received By-laws suggestions from attorney and changes have been made to new updated By-Laws for vote. Chris will discus at special meeting on 1/22.03
· Election of officers to change in bylaws was discussed. Moving toward every officers to hold staggered terms to prevent wiping out entire board every two years. Bob has a plan in place for staggering years.
· Tom passed out agenda for meeting on 1/22/03.
o First payment of $21,121.50 for loan due on 3/1/0. This amount to be placed in escrow account.
· Nothing out to bid as of yet, Fred is having problem with DEP. Tom is going to call and find out status. Weather conditions will move back start date due to excessive snowfall on ground in 2003.
Lien
Update:
Association received payments and liens were cleared outlined below.
|
Block |
Lot |
Resident |
Date Activated |
|
47 |
143 |
Stires |
11-13-02 |
|
40 |
7 |
Bencivenga |
Paid in Full 1/13/03 |
|
54 |
17 |
Ryan |
4-17-02 |
|
56 |
44 |
Kenific |
Paid in full 1/13/03 |
|
44 |
189 |
Toscano |
4-17-02 |
|
44 |
194 |
Schumacher |
Paid in full 1/13/03 |
Bob Moschella made a motion to adjourn the meeting at 9:15pm. Tom approved.
Roberts Rules were in effect during this meeting.