LAKE SEMINOLE VILLAGE HOMEOWNERS ASSOCIATION, INC.

Board of Directors Meeting

Monday, July 28, 2008 @ 7:00 p.m.

Panera Bread Conference Room

10801 Starkey Road

Largo, Florida

 

 

Presiding: Kathy Crowell, President

                                                                         

Attendance Board members: Jerilyn Moors, Vice President, Asbjorn Jektvik, Michele Pedro, Member-at-large and Larry Worley, Property Manager

 

Guest: Jeff Coulture, Ameri-Tech Property Manager.

 

Absent: Lula Williams, Secretary

 

Unit Owners: Mary Hammill, Marcella Gunnoe, Bill Crowell, Pete Kristall, Lillian Ernst, Mar Jo Herron, Gloria Taylor, Wayne Wilson and Bob Richards

 

In the absence of the secretary the president verified that the minutes and agenda were posted. The president asked if any of the unit owners present had any comments.

 

Unit Owners’ Comments: Bob Richards of 9915 LSDW reported that lightning hit the pine tree in his backyard along the pond. He wanted to know what the association was going to do about it. Response: President noted he needed to submit an ARC if he wanted it removed but it would be at his expense since it is in his backyard.

 

Approval of Previous Minutes and Agenda

Jeri moved to approve the June 23, 2008 minutes and Asbjorn seconded the motion. Motion carried and passed.

 

Standing Committee Reports:

ARC Committee and Document Review had no report at this time.

 

Investment Report – Mar Jo report 2 CDs rolled over in to July at Colonial at 4.25%.

 

Social Committee:  (1) Marcella reported there were 12 in attendance at the Outback this month. August 19th the dinner will be at Hometown Family Restaurant this was Sophia on Seminole Blvd. (2) Plans are in process for a block party around the 1st part of November. (3) December 18th we will be at the Wine Cellar for our annual Christmas party. (4) James (landscaping company) has plants for some ground coverage at the main entrance.

 

Welcome Committee: There are 2 units for sale.

 

Nominating Committee: Next election is in 2009 and committee members will be appointed in January 2009.

 

President’s Comments  - Several owners have called about the grass. It is hoped that this will improve as the rainy season begins. Replacement of grass is the responsibility of owners. See Declarations, Article IV, Section 3.

 

General Inspection Rounds – Michele noted that units 10494 98th had several old newspapers and clutter in the yard, 10591 98th St. had a slat missing and 10457 98th St. had a tarp on the car. She expressed concerns that this detracts from the neat appearance of the unit and hoped that unit owners would make a conscious effort to remove anything that detracted from the general appearance of the community and adhere to the rules and regulations in our documents.  

 

Unit Owners Violations

(1) The unit owner of 9700 LSDE has not corrected the violations cited; therefore, as of Friday the lawyer will be filing the suit because the 20-day limit has passed.

 

(2) The unit owner of 10280 97th St. N. has put up the gate.

 

Treasure’s Report: Asbjorn Jektvik

Financial Year-to-Date Report:  Period Ending June 30, 2008

Unit Monthly Maintenance Fees –  $17,024.06 (year-to-date $109,984.59)

Monthly Interest Income - $0.45 (year-to-date $6.11)

Other Income - $0.00 (year-to-date $31.00)

Total Monthly Revenue – $17,024.51 (year-to-date $110,0211.70)

Operating Expenses - $14,723.10 (year to-date $81,706.14)

Non-operating expenses – $3,897.17 (year to-date $23,383.02)

Total Expenses - $18,620.27 (year-to-date $105,089.16)

Total Assets (Investment Accounts) -    $204,619.50

Total Liabilities (Reserves)                     $191,434.93

Equity/Capital – $13,184.57

Total Liabilities +Equity – $204,619.50

 

Management Report:

(1)     Delinquency Report: 4 delinquencies; 2 within the 30-days and 2 within 2 months.

(2)     Tree Pruning – Still in process on LSDE and 97th Street.

(3)     Repair of the gates entrance to the pool & area that houses the chlorine tank – (1) Bid from Bob to repair the gate to the entrance to the pool area is $2450. (2) Larry is still collecting bids. The averages around $1500 but no decision has been made regarding the company or style. The board is leaning towards a brown vinyl fence for the entrance to the chlorine tank. Action: Will vote on selection at next meeting. 

 

Unfinished Business:

(1)     Date for vote on document changes – Documents ready to be mailed to members before the August meeting. Will have a special meeting at poolside either a Thursday or Friday depending on date mailed to the unit owners for their vote.

(2)     Pool Heating – The president noted the members had a month to review the report prepared by Lula and she called for a vote. Absjorn stressed that because of all the problems with vandalism and unexpected expenses and the changing economy we really cannot afford to heat the pool at this time. President called for a vote.  The vote was a tie in the absence of the secretary. Action: Will vote again at the August meeting.

(3)     Poolside Surveillance Camera – Asbjorn presented his report. He contacted 4 different companies with one replying. Installation of cameras, with DVR, screen cost between $500 - $1500 depending on whether we wanted 2 or 4 cameras with motion detection.  Action: Larry will have some written bids for review at the next meeting.

(4)     Temporary Signage for the Little League – Noting that this is temporary one time posting and that the sign would be no bigger than 24" X 24" Michele moved to approve the posting. Motion seconded by Asbjorn. Motion carried and passed by unanimous vote.

 

The president noted there was no additional business and all items on the agenda had been addressed. The meeting was adjourned at 9:15 p.m. Next meeting scheduled for July 28, 2008.

 

Minutes transcribed by Lula Williams, Secretary