Meeting Notes 4/27/2016

Time/Location: April 27, 2016, 7:00 PM, Brunswick Library

Attendance: Lou DeCuzzi, Toby Foote, Linda Guinta, Kristen Goggins, John Tin Mak, Nick Galioto, Mike Woolard (resident)

Not in Attendance: Jennifer Skomski, Deby Geyer

DISCUSSION:

General

  • Attendance taken.
  • Previous meeting notes read.

Financial

  • Lou proposed a reserve study be performed for BFHOA for $2000 cost. Board discussed and unanimously approved to complete the reserve study. Should be complete within 90 days of purchase.
    • A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur. (Source)
  • Reserve study could determine we don’t have enough saved in our reserve bank account. If this is the case, we will consult with HOA lawyers how to address.

Parks

  • Playground equipment is in bad shape and needs replaced. Because of the expense, we will wait for the reserve study to be performed to determine direction forward on playground equipment.
  • Swings are squeeking. Nick Galioto will talk with Jim Marks to WD-40 them.
  • Basketball hoops are permanently bent and need replaced. Nick Galioto will obtain a quote for complete replacement of basketball hoops, including removal of old hoops and installation of new hoops.
  • Cars continue to drive over speed limit on Benjamin Drive. Board discussed and unanimously approved the purchase of 2 Slow Down street signs to help address this issue.
  • Dog poop continues to be an issue in the park, and along resident sidewalks.

Old Business

  • Replacement of gas lamps has been temporarily tabled. Board will pursue an amendment to our by-laws, detailing what is required of your lamps, and present to homeowners for vote by postal mail.
    • Board will wait to send out ballots until reserve study is complete, in hopes to reduce postal mailing fees.

New Business

  • ARC (Architectural Review Committee) is currently unfilled. We have 9 total board trustee positions. Only 7 are actively filled. We desperately need two additional board members to fill the two ARC roles. Until these positions are filled, the HOA has no choice but to halt all building approvals.

Next Meeting: ~3 months

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