Certifying of Quorum & Call to Order

Meeting called to order by Peter Tedone at 5:01pm at the Riverside Terrace Social Room.

Roll Call:
Sharon Dowling – phone
Peter Tedone – present
Dan Creedon – phone
Anna Enrico – phone
Barbara Ellis – present
Rik Shafer – present
Mike Bisaha – present

A quorum was established.

Rick Goldfarb of JK Property Management began to record the minutes.

Proof of Notice of Meeting

The notice of the board meeting was posted and emailed on August 23, 2019.

Reading and Approval of the Previous Meeting Minutes

Motion to waive the reading of the minutes made by Dan Creedon. Motion was seconded by Peter Tedone. Motion passed.

Pool Violation

The board wants management to follow up on a violation about the pool furniture being a specific amount of feet from the pools edge. We passed inspection but this issue was noted as a violation. The pool furniture has been in the same location forever. We suspect a new inspector was responsible for the notation.

New Front Sign

Rik Shafer presented a rendition of the front sign to be replaced. Management gave Rik the name of Testa signs to see what they had to offer. Rik will be getting other bids since only one company responded to his request for bid. Hopefully, by the next meeting we will have a sign design that everyone is happy with.

Sharon Dowling had emailed owners a mock up sign but it was not the correct mock up. Once a design is finalized, Sharon will email owners the correct sign mock up for review.

Insurance Renewal

John Galt Insurance presented additional coverage for “Legal Gap Insurance” with our renewal quote this year. This new coverage handles litigation costs should it be needed.

The building had a mandatory insurance appraisal in May which increased the property value from $8.6M to $9.2M. Our insurance premium has gone up approximately 18% overall. The property/wind and the general liability portions of our insurance package had the largest increases. The general liability rates are on the rise with all carriers for condo associations. The carriers have just been seeing so many subrogation claims, slip and falls that they have finally either decided to get out of providing coverage for condos, or increased their rates dramatically and even added more strict coverage/new exclusions. The condo insurance renews on August 28th each year. The flood insurance is renewed on October 25th each year and an increase is expected from last year’s amount of $13,730. That increase percentage is dictated by FEMA.

Motion to accept the insurance renewal (with the Legal Gap Insurance included) made by Dan Creedon. Motion was seconded by Anna Enrico. Motion passed unanimously.

Paving

No new paving quotes were received over the summer. This project will resume and it is the boards hope to have the job scheduled for immediately after the 2020 season.

Generator

The board is investigating the cost of replacing the generator. A scope of work will be prepared before getting quotes. New generators must be placed outside on the property per code.

Termite Inspection

Sharon informed the board there were 3 unit doors that require additional termite treatment. One of the units has been treated and the other two units will be scheduled for late September.

According to Amazon Pest, the storage unit doors need replacing. The current storage doors are indoor doors and they are in bad shape. Amazon Pest suggests replacing all storage doors with outdoor doors. Mike Bisaha suggested exploring putting a door into the storage hallway as another option. The board will begin getting quotes for new doors and installation to determine the best course of action.

During the termite inspection, Amazon Pest discovered a large headed ant issue in the storage area on floor 8. The area has been treated.

Handyman

The board asked if any progress had been done on the handyman list. The previous handyman resigned and management is in the process of hiring a replacement.

The mail area needs light bulbs.

Next Meeting

The next meeting will be held on Monday Oct 21st at 5:00pm in the social room.

Adjournment

Motion to adjourn the meeting made by Barbara Ellis. Motion was seconded by Peter Tedone. Motion passed unanimously. Meeting adjourned at 5:40pm.