At 4:03 PM on February 28, 2017, Barbara called the meeting to order.

Present for the Board:
Barbara Rowbotham, President
Dan Creedon, Vice President
Sharon Dowling, Treasurer (phone)
Tom Cassidy, Secretary
Barbara Ellis, Asst Secretary
Bill Todd, Director (phone)

Present for Mgmt: Lorri Hill, LCAM

Lorri Hill began to record the minutes.

The notice of Board meeting was emailed 2/25/2017 & posted by the board on 2/25/2017.
January 5, 2017 minutes read by Lorri Hill. Motion to amend minutes to read, “Advance Pools was not paid in full,” made by Barbara Ellis. Seconded by Dan Creedon. All in Favor: Tom Cassidy, Dan Creedon, Sharon Dowling, Barbara Ellis, Pierre Forget, Barbara Rowbotham, Bill Todd. All Opposed: None.

Officer Reports

Special Assessment Update: Total Collected is $360,800.00, plus Roof Reserves of $29,972.20 = $390,772.20. Total Expensed: $257,525.00 for Concrete Shortfall; 7,945.00 for Pool Resurfacing; $0.00 for Lawn; $17,606.55 for Elevator Door; $4,875.00 for Elevator Pit Waterproofing; and $2,836.16 to management. Total actually spent to date from the special assessment is $281,537.73. Total balance in the special assessment account is $109,234.47.

Treasurers Report given by Sharon Dowling – January Financial Summary.

Old Business

Paint proposals are under review. Pest control proposal is under review.

New Business

a. Fire Report:
Room must say, “No storage.” Overview of violations on Annual Fire Inspections.”

b. Elevator Doors & Landscaping:
Pending scheduling date to be provided by Board.

c. 2016 Audit: The association By-Laws do require an annual audit. The audit must be completed within 90 days of the end of the fiscal year and the owners must be notified of the availability of the audit within 120 days of the end of the fiscal year. It is the opinion of management that we use the same auditor who is already familiar with your books and the Concrete Special Assessment. It is late in the year to get a new auditor and bring them up to speed on the special assessment.

Motion made by Barbara Ellis to adjourn the meeting at 5:28 PM. Seconded by Tom Cassidy. All in Favor: Tom Cassidy, Dan Creedon, Sharon Dowling, Barbara Ellis, Pierre Forget, Barbara Rowbotham, Bill Todd. All Opposed: None.