February 2013
MINUTES OF A REGULAR MEETING
OF
THE BOARD OF DIRECTORS
OF
BROOK RIDGE HOMEOWNERS ASSOCIATION, INC.
A Regular Meeting of the Board of Directors of Brook Ridge Homeowners Association, Inc. (the “HOA”) was held on Tuesday, February 19, 2013 at 7:30 p.m. at the home of Ted Waksman.
There were present at the meeting: Carole Princer Levy, Carolyn Levy, Don Perl, Paul Spindel and Ted Waksman, constituting all of the directors of the HOA and, therefore, a quorum. Also present was Tom Pallman of Stillman Management, Inc.
Carole Princer Levy acted as Chair of the meeting and Ted Waksman acted as Secretary thereof.
Mr. Perl gave a financial report. The January results were on budget as are the balances of the Operating and Capital Accounts. As of January 31, 2013 the balances of the Operating Account and Capital Account are $38,106 and $237,396, respectively. A copy of the January expenditures report is attached to the minutes.
The Board then discussed the status of certain homeowners who are in arrears in paying their monthly maintenance charges and certain actions that might be taken by the HOA with respect to such arrears.
Homeowners are advised that the painting project will resume in the spring. The Board encourages any homeowner wishing to make repairs or upgrades to the exterior of their unit (such as replacing windows) to do so prior to the start of the painting, which is now scheduled for late March or early April.
The Board is also considering the drilling and installation of a well water system to reduce the HOA’s current costs of its water supply. Additional estimates for the cost of such a system will be obtained as well as getting advice from an engineer. The Board also discussed the need to replace the entry gate in the near term.
The next Board meeting is scheduled for March 19, 2013 at 7:30 at the home of Don Perl.
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