MANORS AT CENTRAL PARK
CONDOMINIUM ASSOCIATION
Minutes of the
Regular Meeting of the Board of Directors
November 2, 2015, 1:00 PM
CONDOMINIUM ASSOCIATION
Minutes of the
Regular Meeting of the Board of Directors
November 2, 2015, 1:00 PM
(UNAPPROVED)
- Called to Order at 1:00 PM; Board members in attendance: Mike Grobbel, Larry Cybulski, Ray Swiderski; also in attendance: Mike O’Brien (Casa Bella).
- The Meeting Agenda was approved with no changes.
- The Board approved the minutes of the Special Meeting of March 17, 2015
- New Business
- 2016 Budget – the Board reviewed the proposed budget and adjusted selected amounts to provide additional funds for grounds repair & maintenance, tree/shrub maintenance, exterior wood repair and road maintenance.
- The Board approved the adjusted budget for 2016:
i. Monthly Association
Fees remain same as 2015
ii. Total Income of
$318,840 based on 127 total units
iii. Total Operating
Expenses of $286,358
iv. Total contributions to
Replacement Reserve Account of $31,884
- The Board agreed to publish a newsletter and discussed its content
- The Board reviewed and approved a Welcoming Letter with slightly different version to be sent to new buyers of:
i. Newly constructed
condos (Units 35-157)
ii. Existing condos (Units
15-167)
iii. Existing site condos
(Units 1-14)
- Set date, time and place for 2016 Annual Membership Meeting
i. Wed. Jan. 27, 2016
ii. Sign-in begins at 6:30
p.m.; meeting begins at 7:00 p.m.
iii. Board Room, Shelby Twp.
Municipal Building
- Old Business – the Board discussed:
- Delinquencies
- Rental units
- Open Discussion – there were no items discussed
- Set next Board of Directors Regular Meeting date, time and place; the Board agreed
- to allow the president to call the next meeting
- that a meeting will probably be needed to be held in early January 2016
- The meeting was adjourned at 2:42 p.m.
