Location: Franks Pizza 7:00pm
Attending: Tom Migliorino President
Chris Cartwright Vice - President
Rich Stopa Treasurer
Chris Basile Corresponding Secretary (absent)
Shawn Armstrong 2004 New Recording Secretary
Pat Stevenson (Absent)
Residence Attendees: 1 Bob Moschella
Call to Order: Meeting was called to order Tom
Migliorino.
Minutes - Shawn
Armstrong read minutes from
Acceptance on Minutes:
Rich made motion to accept and Bob seconded the motion for meeting
notes
Treasure report – Provided by Rich Stopa
· Bank CD’s Total = $46,071.79
· Money Market = $4,529.85
· Cash on hand = $1,831.56
· Outstanding Balance Due = $2,361.32
· Current Monthly Income received=$10,642.37
· New Loan Checking Account = $1,245.54
· 2003 Final Interest To Date = $153.22(money market)
· 2003 Final CD Interest=$856.21
· 2003 Final Expenses to Date = $126,800.05
· 2004 Expenses to Date = $24,635.10
· 2003 Final System Upgrade Project Payment =$53,553.66
· Income From Loan Requisitions = $54,438.00
· Infrastructure Loan Balance = $ 1,069,562
· 2003 YTD Cash Collected Year End 2003=$130,669.82
· Byram Twp Trust Fund Account=$1,050.00
New Business:
1) Letter to residents was approved.
2) Signature card to be signed by Tom and Chris C.
3) Rich
to look into creating a release for due to
4) Water usage for January was high, same as August, 130,000 gallons more than December. Possible leak.
5) Trout Brook well : nitrate level less than 2.
6) Tom to send overdue letters after finalizing with Rich.
7) Rental of storage unit approved. $58 per month or $845 for 14 months. Unit is 5x5x8 and includes a free lock. Tom will set up.
8) Website no longer active.
9) New email address: eastbrookwoodwater@msn.com. $19.95 per month, first 3 months free. Chris C. will research.
10) BPU research- will table for another meeting.
11) Lien on Freiman property.
12) Hamil, Toney, Schellnick, and PNC Bank have sent in their agreements.
13) Meeting with Fred Yorg. Said we are over budget. Wants us to use plastic piping. Yorg to get us names of companies that use plastic.
14) Mid March/early April projected for start of project, although all are skeptical.
15) First payment on second year of NJ Infrastructure loan to be paid.
16) We have not heard back from Mrs. Stiers. She has sold her house and had a lien. Wants money taken off. Rich made up 2 page letter with payments to date.
17) To discuss a plan for what to do during construction.
18) Next general meeting to be set up for April.
19) Next meeting date
set up for
Roberts Rules were in effect during this meeting.
President’s Signature X ___________________________ Date
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