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, March 19, 2013 at 7:30 p.m. at the home of Don Perl.
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 February results were on budget (other than additional costs for snow removal) as are the balances of the Operating and Capital Accounts. As of February 28, 2013 the balances of the Operating Account and Capital Account are approximately $38,000 and $252,000, respectively. A copy of the February 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 mid-April, commencing in the lower circle.
On Wednesday, March 20, Paul Spindel and Tom Pallman will be meeting with a representative of Eastern Water Co. and Ron Vitti to discuss the possibility of installing a well water system to reduce the HOA’s current costs of its water supply. Mr. Spindel subsequently reported to the Board after the meeting that it was determined that because of the current configuration of the sprinkler system, two or three wells would be required at a cost of over $20,000 per well. Accordingly, installing a well water system would not be cost effective.
The Board also discussed proposals from JP McHale for tree and shrub spraying and from Ron Vitti for servicing the sprinkler system. Tom Pallman will contact both contractors to discuss their proposals.
The next two Board meetings are scheduled for April 8, 2013 at 7:30 at the home of Paul Spindel and May 14, 2013 at 7:30 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