La Grande Provence Condominium Association
Minutes August 20, 2018
Dave Luenzmann, President, Scott Hillyard, Treasurer, Jodi Mansfield, Director, by phone. Anne de Ocejo, Secretary, Mary McGowan CAM and 6 unit owners.
The meeting was called to order at 2:06 PM. The meeting was delayed until a quorum was established.
|The July 23, 2018 board meeting minutes were approved.|
Dave opened the meeting with Committee reports and Dave asked Scott to give the Finance Committee report. Scott led off by explaining the difference between the pooled and component method for reserves.
Scott gave a report on a meeting with the Intracoastal bank regarding establishing a line of credit. The bank gave him several options to borrow money for upcoming projects. Scott requested guidance from the Board to further explore funding options for a finance package. After discussion was complete a vote was called Jodi made a motion to request that Scott further investigate the finance package. Anne, seconded the motion and the motion passed unanimously.
Committee Reports were presented by Facilities, Architecture/Landscape and Communication. Kudos to Jean for the great job she is doing on Landscape and Architectural Design.
The Management report was presented by Mary.
Beth Thomas gave a report on the HDOA issues including the approval of the law suit against FEMA for hurricane Matthew.
The meeting adjourned at 3:09 PM.