Riverside Terrace
Special Assessment Meeting Minutes
November 18, 2024
Certifying of Quorum & Call to Order
President, Sharon Dowling called the meeting to order at 5:29 PM, quorum present.
Roll Call
Sharon Dowling – present
Peter Tedone – present
Joe Dembek – present
Marc Larochelle – present
Mike Bisaha – present
Dennis Rosenfeld – present
Rik Shafer – present
Management Present
Bonita Vandall, LCAM, CMCA, AMS, CBA, PCAM from The Wright Community Management, LLC. was present as well as other unit owners in the social room and on the zoom meeting.
Proof of Notice of Meeting
The Notice and Agenda was confirmed by email to all owners and placed on the bulletin board.
Review of 2025 Insurance Costs
Reviewed in previous budget meeting.
Vote on Special Assessment of 2025 Insurance Costs and Loan
Insurance costs were estimated at $7716 annually, $1929 quarterly or $643 monthly. By proper motion by Marc Larochelle, seconded by Peter Tedone the above payment options were unanimously approved for the 2025 assessment.
Adjournment
There being no further business to be brought before the Board, by proper motion by Sharon Dowling, seconded by Mike Bisaha the meeting was adjourned at 5:31 PM.
