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, November 22, 2011 at 7:30 p.m. at the home of Enrique Teuscher.
There were present at the meeting: Carole Princer Levy, Carolyn Levy, Paul Spindel, Enrique Teuscher 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. Spindel gave a financial report and update on the revised 2011 budget and projected 2012 budget. The HOA currently projects a small loss for 2011 and a small surplus for 2012. Barring any unexpected charges the Operating and Capital Account balances are on budget. As of October 30, 2011 the balances of the Operating Account and Capital Account are $22,836 and $172,770, respectively.
Mr. Waksman then gave an update on the situation involving the owner of unit 16, who is in arrears on the maintenance fees. The HOA obtained a judgment of $5,000 in its lawsuit against the owner of the unit, but such judgment has not been paid and it is not known if the unit owner has a bank account. The HOA intends to commence another lawsuit against the unit owner for additional past due amounts.
The Board also discussed the following matters: (i) painting of the development and consideration of a vinyl/cedar siding alternative and the need to obtain additional proposals for such work, (ii) resurfacing of the pool to be scheduled for next spring, (iii) the signing of a snow removal contract with Ron Vitti, which has been done, and (iv) the signing of a renewal agreement with Stillman Management, which has been agreed to but not yet signed.
The next Board meeting is scheduled for December 13, 2011 at 7:30 p.m. at the home of Ted Waksman.
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