East Brookwood Water Association Meeting
3/25/03
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
Residence Attendees: 0
Call to Order: Meeting was called to order Bob Moschella 7:12pm.
Minutes – Chris Cartwright read minutes from 3/4/03 Board meeting.
Acceptance on Minutes: Rich made motion to accept and Bob seconded the motion for meeting notes 3/4/03. Tom signed the minutes and put in his files.
Treasure report – Provided by Rich Stopa
· Bank CD’s Total = $46,071.79
· Money Market = $16,939.06
· Cash on hand = $610.17
· Outstanding Balance Due = $ 3,805.81
· Cash Received = $ 9,697.10
· New Loan Checking Account = $ 6,940.18
· 2003 Interest To Date = $28.18
· 2003 Expenses to Date = $33,436.32
· System Upgrade Project Payment =$38,987.38
· Income From Loan Requisitions = $46,028.00
· Infrastructure Loan Balance = $ 1,069,562
Old Business:
o Lien Update - 3 Wildwood lien.. 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. Paper word has come back
o Billing – laptop and program has been approved at general meeting 1/22/03. Tom will sign paperwork to lease laptop. New billing program has been put on hold. Rich has not called company back to advance the situation.
o Jeff has paperwork for 1066 form for all contractors to fill out.
New Business:
o Randy Carl paid two months but did not pay for interest charges.
o Tom has mailed a letter to last 7 homes, Bank and Child center to apply for membership. Attorney will amend deeds to all properties mentioned above. Tom read letter of application and communicated telephone conversation with Randy Carl.
Letters were sent to the following residences:
Randy Carl
Mark Corey
Mr & Mrs Hammill
Mrs & Mr R. Schellinick
D. Early
J. Svehla
S. Toney
PNC Bank
Child Day Care Center
o Randy Carl submitted letter about interest payments and due dates. Association accountant reviewed billing policy and discussed new billing mailed in October. Jeff will create a new billing policy and discuss at meeting.
o Jeff brought copies of financial statements
o Hearing on Quick Check will be April17th @ 7:00pm.
o Rich spoke with Jack Sharp from Fred Yorg and Assoc. by the end of March paperwork will be submitted to DEP and bid package will be put together for a mid April bidding process.
o Repair costs $1,403.74 for 2” line under below of tank – Andover Pump Company did repair.
Meeting was adjourned at 8:49pm by Chris B and seconded by Rich Stopa.
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Roberts Rules were in effect during this meeting.