January 2023 - Ashley Park Meeting Minutes

ASHLEY PARK HOMEOWNER’S ASSOCIATION, INC.

ANNUAL MEMBERSHIP AND BOARD MEETING MINUTES

JANUARY 11, 2023

Board Members Present:​Daniel Lindblom, Brian McGuinn, Stacy Puleo, Yulia Balyberdina, & Jeff Wasylowsky

Board Members Absent:​None

Also Present:​Jim Bouras, Community Management & Construction, Inc.

Daniel Lindblom stated there is a quorum of Board Members present and opened the January 11, 2023, Annual MembershipMeeting at 7:00 pm. There was 1 homeowner present.

Mr. Lindblom stated that the quorum requirement for the Annual Meeting has again not been achieved – 2 consecutive months. Mr. Bouras recommended to attempt an Annual and Election Meeting in December of 2023. The current Board Members will remain on the Board of Directors until the December Meeting

Mr. Lindblom made a motion to keep the same officers in 2023 as in the year of 2022. Mrs. Puleo seconded, and the motion was unanimously approved by the Board.

The Annual meeting was adjourned.

Mr. Lindblom stated there is a quorum of the Board Members present and opened the January 11, 2023, Board Meeting at 7:02 pm.

MINUTES – The Board reviewed the Minutes from the December 14, 2022, Board Meeting.

Mrs. Puleo made a motion to approve the Minutes from the December 14, 2022, Board Meeting as written. Mr. Lindblomseconded this motion, and it was unanimously approved by the Board.

FINANCIAL - The Board reviewed the December 31, 2022,Delinquency Report. There are no delinquent accounts to be discussed.

The Board reviewed the December 2022 (year-end) Balance Sheetand Income and Expense Report. Mr. Bouras informed the Board the association ended the year with a net income of $14,350.00.

Mrs. Puleo made a motion to transfer the year-end net income of $14,350.00 evenly into the Unallocated Reserve Account and into the Capital Improvement Reserve Account. Mr. Lindblom seconded this motion, and it was unanimously approved by the Board.

MANAGEMENT

PROPERTY INSPECTION REPORT – Nothing to discuss.

RENTAL INFORMATION – Nothing to discuss.

WEBSITE – Nothing to discuss.

CAPITAL IMPROVEMENT COMMITTEE

ENTRANCE SIGNS REFURBISH DISCUSSION

PUNCH LIST ITEMS REMAIN

SIGNS & LANDSCAPING BIDS REVIEW

RELOCATE SIGN SPOTLIGHTS? – The Board Members discussed landscaping proposals and relocation of the spotlights at the entrance signs.

Mr. Wasylovsky made a motion to approve the Baker Landscapeproposal for $6,320.00 and a budget for the light’s relocation at the entrance not to exceed $2,000. Mrs. Puleo seconded this motion, and it was approved by the Board with 4 votes in favor and 1 vote (Yulia Balyberdina) opposed.

OLD BUSINESS AND NEW BUSINESS

The Board Members discussed memorial plaques on the benches and agreed that additional benches (with plaques) that will be installed should be the same as existing.

Mr. Lindblom informed the Board that Association Reserve accounts are held in 2 different banks.

DISCUSS HAVING BOARD MEETINGS EVERY OTHER MONTH PER APPROVAL IN PAST MEETING – The Board Members agreed to continue with the monthly meetings.

Mr. Lindblom made a motion to adjourn the Board Meeting at 7:42 pm. The motion was seconded and unanimously approved by the Board.