Town Square Homeowners

Town Square Homeowners Association - August 16th, 2001

Sep 06, 2001

Meeting called to order at 7:00PM by Tim McCain. Members Present: Arlene Greenawalt, Cleo Sargent, Tim McCain, Gordon Brageleman, Susan Cassini.
Management Present: Trent O'Brien
Minutes of the previous months meeting were reviewed and approved as read.

Financial Report: The July financial report was reviewed by APM. The existing four bank accounts presently hold a total of $77,048. July income and expenses are as follows:

Income: $10,914.91

Expenses:
Administrative $ 1985.32
Utilities:(Water & Elec) $ 4641.73
Wages: $ 954.62
Plumbing: $ 91.75
Landscape/Irrigation/Lighting: $ 6903.45

Total expenses for the month of July were $14,577.17; a deficit of $3661.96.

APM reviewed the delinquent account with the board with updates on liens, judgment and small claim suits. Motion to accept the July financials passed pending future audit.
Old Business:
A. APM informed the Board we need to purchase another ten clocks for various homes through-out the neighborhood. Motion to buy the clocks passed unanimously.
B. Work is needed on 3rd Street to cover graffiti. APM hired a part time maintenance person to replace E. DeVito, who left for college. New person will handle the graffiti.
C) APM reported we are still about 26 votes shy of amending our CC&Rs regarding the limited
rental property. The Board felt APM should have sent out the fourth notice a bit quicker. APM reported they have handled this situation without any extra charge to the Association, which has added a substantial workload for the staff. APM will supply S. Cassini a copy of homeowners who have not responded and she will canvas the areas to possibly speed up the process of obtaining the needed signatures.
D) The board moved to have APM obtain bids to have the streets of Town Square swept on a quarterly basis. This project should not exceed the $400 mark. Motion was passed unanimously.
New Business:
A) T. McCain updated the board on the possibility of a gated community. The board will explore closing the 7th Street entrance or gating it. Also they will explore with streets and transportation regarding parking on Hartford.
B) T. McCain would like to research a web site for the Association. APM will supply President McCain with information of a company specializing in H.O.A. web sites.
C) APM reviewed the fine system with the board. The state requires the association, before imposing a fine, to issue a ten-day hearing process. After the ten days are up then the fine may be imposed.
D) APM, A. Greenawalt and C. Sargent will perform a walkthrough on next Tuesday for CC&R infractions.
There being no further business, the meeting was adjourned at 8:00PM.