Kings Park West Community Association

Board of Directors Meeting Minutes

 January 10, 2024

Board Members in Attendance:  Larry Velte, Carolyn LaRosa, Maureen Pettis, Mark Heppner, Jim Bovino, Sharon Decker, and Diane Jeffers.

Meeting called to order:  7:30 pm. 

Approval of December 2023 Meeting Minutes:  Approved.

Treasurer’s Report:  December 2023 financials reflected the following:  one CIT Operating Account with a balance of $11,473.12; two general fund CD's with balances of $5,524.35 and $5,507.39; one Reserve Study CD with a balance of $23,902.16; [Accounts Receivable - $9,869.29; Allowance for Bad Debts - ($4,440.00); Prepaid Expenses - $301.19]; total other current assets with balances of $5,730.48; bringing the total assets to a balance of $52,137.50.

Old Business:

• Unpaid Assessments: The delinquencies are a significant problem with 102 delinquent accounts and 9 owing more than $300.00.  Board approved motion that Board draft a letter to delinquent homeowners saying that Board will continue placing liens on their home and ask for homeowners to promptly pay overdue assessments.  Board will keep legal counsel informed of this action.

New Business:

• Tree Work: Board will ask homeowner at 5208 Pimlico Court to provide Board with estimates of what it cost homeowner to take care of trees that fell from common land onto their garage.
• Board Meeting Schedule: Next meeting scheduled for February 14, 2024, at Laurel Ridge Elementary School.

Hearing no further business, the meeting adjourned at 8:10 pm.