8/29/2021 Board Meeting

Meeting called to order at 2:05 PM

●      Glenn moved to vote to appoint Phil Valla to open board position.

Vote is unanimous to appoint Phil to the board. Phil agreed to serve as treasurer, everyone else keeps the same positions.

●      Discussion on budget and Reserve Study -

Glenn brought up that budget was still being built and it has proven to be a challenge, mostly due to moving from a rebuild phase to a maintenance phase. Still gathering costs; however, believe we will be tight on monies. Regarding the Reserve Study Glenn said he thought alternative 1 was a good fit and would help with re-doing the west wall and railings in 2025 which needed to be done.

Carmen - Discussed separation of insurances from dues. Mainly because of the difficulties in prediction of increases year after year.

Tracy - said she liked alternative 3 and believed it would keep dues low with assessments in 2025 and 2030.

Group - discussion about the cost of the pool would be around $60k. We agreed this was very important but the stormwater hookup was why we are holding up on the pool. Tracy brought up that we should consider assessment for the pool, Carmen and Phil in agreement.

Phil - said he had mold issues in his unit and it was determined that his unit shower had been installed by McKinley. Glenn said he would discuss further with Pasqualina and that Phil needed to work with Glenn on next steps.

Glenn asked if anyone had any more ideas on budget or Reserve Study to please share with the group in email. Glenn advises that he needs to finalize the budget and vote on reserve decisions soon. Glenn will discuss timing with GO Properties and get back with the group.

●      Motion to end meeting by Glenn at 2:45