Kings Park West Community Association

Board of Directors Meeting Minutes

September 10, 2013

In attendance: Joe Meyer, Maureen Pettis, Mark Heppner, Linda Bufano, Larry Velte, Virginia Scattergood

Meeting called to order at 7:36 p.m.

Approval of August Meeting Minutes: The August meeting minutes were reviewed online and approved pending amendments. Approved 6-0.

Treasurer’s Report: The board was informed that the current checking account balance as of August 31, 2013 is $16,087.84; the savings account is at $5,012.58; there are 2 general fund CD’s in the amount of $5,285.59 each, and the reserve CD is $13,509.00 bringing the grand total to: $45,180.50

Since the financial report was just received today, there is no status update on assessments.  Rod will do the second reminder letter.

Last month the Board discussed adding $2000.00 from checking to each reserve CD at the time of renewal of the CDs, the first one coming due on September 9th.  Joe motioned to renew the CD’s at the best possible rate. Larry seconded; approved 6-0.   

Bridge/Path issue: No new updates.

New Business:

Joe will work on letters to the owners with the existing yard debris as well as a letter to the homeowners with the business sign on Commonwealth. Upon review however, the renovations have not been completed.

The new management company is working with RCS on transitioning the information and data. This should be completed by November.

Hearing no new business Linda Bufano motioned to adjourn; Mark seconded. Concluded at 8:05 p.m.