MINUTES OF THE ANNUAL MEETING
OF
THE HOMEOWNERS
OF
BROOK RIDGE HOMEOWNERS ASSOCIATION, INC.
The Annual Meeting of the Homeowners of Brook Ridge Homeowners Association, Inc. (the “HOA”), was held on Wednesday, June 6, 2012 at the Bonnie Briar Country Club.
Immediately prior to the commencement of the meeting all members of the Board of Directors met to confirm the minutes of their meeting on May 30, 2012 and to discuss the presentations to be made at the Annual Meeting.
Carole Princer Levy, as Chair of the meeting, then called the Annual Meeting to order. Ted Waksman acted as Secretary of the meeting. A copy of the Notice of meeting was presented. Judge Levy announced that a quorum was present at the meeting. She then gave the President’s report as to the status of the community and actions taken during the past year. Paul Spindel gave the Treasurer’s report as to the financial condition of the HOA. He reported that the HOA’s operating and capital accounts are on budget, but that the capital account needs to be increased over time to cover the costs of the proposed painting job, capital expenditures to be incurred over the next several years and the failure of the owner of unit 16 to pay maintenance charges. Mr. Spindel and Ted Waksman reported on the status of unit 16 and the actions taken by the Board with respect thereto.
Mr. Spindel and Judge Levy then announced that the Board had determined to re-paint the community rather than re-side and had selected a contractor. They explained the diligence done by the Board and the reasons for the decision. The Board also reconsidered its decision concerning the costs to replace wood siding as needed. The HOA will pay such costs rather than the individual Homeowners. The Board, however, reserves the right to charge individual Homeowners for any such costs per unit in excess of an amount to be determined.
Mr. Spindel then announced that the Board has determined that effective July 1, 2012, the monthly maintenance would be increased by $50 to $575, which additional funds would be added to the capital account, and an assessment, also effective July 1, 2012, would be imposed of $3,600 per unit, to be paid $150 per month for two years.
A question and answer period and general discussion then took place. Several Homeowners disagreed or questioned the decision to paint rather than re-side. As a result of the discussion concerning this issue and the view of the majority of the Homeowners present at the meeting, the Board decided to reconsider its decision to paint rather than re-side.
The next order of business was the consideration of the Amended and Restated By-Laws of the HOA that had been sent to all Homeowners. Mr. Waksman reported on the proposed changes and answered questions concerning the By-Laws. He also stated that the affirmative vote of at least two-thirds, or 30, of the Homeowners is required to adopt the amendment. Ballots were then distributed for voting.
The next order of business was the election of two directors. The terms of office of Judge Levy and Enrique Teuscher were expiring. The following people were nominated for election: Barbara Moran, Carole Princer Levy, Don Perl and Monica Teuscher.
The Ballots were then collected and tallied. Judge Levy announced that the Amended and Restated By-Laws were adopted, and Judge Levy and Don Perl were elected as directors.
Judge Levy then opened the floor for any new business and discussion. The meeting was then adjourned.
____________________________________
Ted Waksman
Secretary of the Meeting
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Post Meeting
MINUTES OF THE ANNUAL MEETING
OF
THE BOARD OF DIRECTORS
OF
BROOK RIDGE HOMEOWNERS ASSOCIATION, INC.
The Annual Meeting of the Board of Directors of Brook Ridge Homeowners Association, Inc. (the “HOA”), was held on Wednesday, June 6, 2012 at the Bonnie Briar Country Club immediately following the Annual Meeting of the HOA.
There were present at the meeting:
Carole Princer Levy, Carolyn Levy, Don Perl, Paul Spindel, Ted Waksman, constituting all of the directors of the HOA and, therefore, a quorum. Also present was
Tom Pallman of Stillman Management.
Carole Princer Levy acted as Chair of the meeting and Ted Waksman acted as Secretary thereof.
The first order of business was the election of officers. After discussion, upon motion duly made, seconded and unanimously carried, it was
RESOLVED, that the following persons be, and each hereby is, elected to the offices set forth opposite their respective names to serve until the next annual meeting of directors and until their successors are duly elected and qualify:
Carole Princer Levy President
Carolyn Levy Vice President
Don Perl Vice President and Treasurer
Paul Spindel Vice President
Ted Waksman Vice President and Secretary
The next Board meeting was scheduled for Monday, July 9, 2012 at 7:30 p.m. at the home of Carolyn Levy.
There being no further business to come before the meeting, upon motion duly made, seconded and unanimously carried, the meeting was adjourned.
Ted Waksman
Secretary of the Meeting