LA GRANDE PROVENCE
CONDOMINIUM ASSOCIATION, INC.
BOARD OF DIRECTORS MEETING
OCTOBER 30, 2012
Tony Papandrea called the meeting to order at 10:03 A.M.
Bob Cory, Barbara Cooledge, Dave Luenzman and Jeanne Kiley were present, representing a quorum, and Karen Hopkins was present representing Preferred Management Services. There were no guests.
The September 20, 2012 Board Meeting Minutes were approved.
Of the six units currently in arrears, we have written off two units due to an inability to recoup the monies owed. The remaining four units have been turned over to our collection agency.
We have accepted a negotiated settlement of back fees for this unit.
An increase in wages and benefits for our maintenance staff has been approved.
These changes and adjustments, along with additional savings due to Karen’s tenacity for monitoring expenditures, helped in developing the proposed 2013 budget which was reviewed by the Board and accepted as written. Another Board Meeting has been scheduled for November 19, 2012 to approve the 2013 budget prior to distribution to our owners.
A/C Unit – the Board approved purchasing a new unit for the Management office.
Mark Smith, an Austin Landscaping representative and someone who has worked closely with Karen over the past few years, is being promoted to a higher position with his company. We appreciate all his efforts and suggestions for improving the aesthetic appearance of our grounds and wish him well in his new position.
The Board approved the purchase of an additional table for the pool deck as well as a new umbrella. In addition, the Board also approved the purchase of three teak benches; one each for placement in the lower level lobbies of Building I and II and one in the lobby area of Building II.
As a result of Tony’s resignation from the Board at year’s end, a re-organization of the Board will take effect on January 1, 2013. Bob Cory has agreed to replace Tony as President and we appreciate his willingness to take on this role. We also welcome the appointment of Marilyn Jones from Building I as a new Board member.
Painting on the west side of our buildings has been completed and the total cost was $132,000.
A brief discussion with our attorney on our contractual issue with Thyson Krupp has indicated a possible future direction of this problem.
Poor handling of a unit rental by a local Realtor has caused some difficulty, not only for the renters but the bank and indirectly us. Karen expects to take corrective action to resolve the problem but is also investigating the possibility of banning this Realtor from selling any more La Grande Provence properties in the future.
There being no further business to discuss, the meeting adjourned at 11:05 A.M.
Jeanne Kiley, Secretary