BAY WINDS HOMEOWNERS’ ASSOCIATION, INC.
ANNUAL MEMBERS MEETING MINUTES
JANUARY 17, 2024
Board Members
Present: Daniel Linblom, Jamie D'Albenzio, Douglas DeLuca & Rick Stacy.
Board Members
Absent: Lauren Byrne
Also Present: Paul Valyo, Community Management & Construction, Inc.
The Annual Members Meeting was called to order at 7:00 pm by Mr. Stacy. There were three (3) Homeowner/Members in attendance at the Annual Members Meeting. Mr. Stacy reminded the Board Members and homeowners in attendance that no quorum is required for B.W. Annual Members meeting.
ANNOUNCEMENT AND SEATING OF DIRECTORS FROM ASHLEY PARK, BOCA FALLS AND BOCA WINDS - Mr. Valyo informed the Board that he received a proper appointment of Community Representatives from the Ashley Park, Boca Falls and Boca Winds sub-associations.
The community appointments and B.W. Board Members for the 2024 calendar year are as follows:
Daniel Lindblom representing Ashley Park
Jamie D'Albenzio representing Boca Falls
Lauren Byrne representing Boca Falls
Douglas DeLuca representing Boca Winds
Rick Stacy representing Boca Winds
ELECTION OF CORPORATE/ASSOCIATION OFFICERS FOR YEAR 2024 – Mr. Stacy made a motion to keep the same 2024 association officers as in 2023. Mr. Lindblom seconded this motion, and it was unanimously approved by the Board.
The 2024 Association Officers are as follows:
Rick Stacy – President
Daniel Lindblom – Vice-President
Lauren Byrne - Treasurer
Doug DeLuca – Secretary
Jamie D’Albenzio - Director
APPOINT REPRESENTATIVE TO THE WEST BOCA COMMUNITY COUNCIL – Mr. Lindblom made a motion to appoint Paul Pontrelli to be a representative of the Bay Winds on the West Boca Community Council. Mr. DeLuca seconded the motion, and it was unanimously approved by the Board.
APPROVAL OF MEETING MINUTES – The Board reviewed the Meeting Minutes from the November 13, 2023, Board Meeting. Mr. DeLuca made a motion to approve the November 13, 2023, Board Meeting Minutes as written. Mr. Lindblom seconded the motion, and the motion was approved by the Board unanimously.
FINANCIAL – The Board reviewed the Delinquency Report as of December 31, 2023. There are four delinquent accounts, none of them need to be discussed.
Mr. Valyo presented the draft (not approved by the auditors yet) of the December (year-end) 2023 Balance Sheet, and Income and Expense Report for the Board Members review and noted that association end up the year with a surplus funds. Mr. Valyo explained the reason for the surplus funds.
Mr. Lindblom made a motion to transfer the 2023 surplus funds to the unallocated Reserve Account. Mrs. D’Albenzio seconded this motion, and it was approved by the Board unanimously.
Mr. Valyo informed the Board that the association CD account at the New York Community Bank matured and after the earned interest was added the account, the balance is $257,000 which is over the FDIC insured amount. Mr. Valyo suggested transferring $20,000 from this account to the operating account and the remaining balance to another CD account.
Mr. Lindblom made a motion to approve the opening of a new CD account, deposit $237,000 to this new CD account and transfer $20,000 from the matured CD account at the NCB to the operating account. Mr. Stacy seconded the motion, and it was unanimously approved by the Board.
NEW JANITORIAL SERVICES – Mr. Stacy made a motion to approve the BW janitorial services to be transferred from CMC to CPM. Mr. Lindblom seconded this motion, and it was unanimously approved by the Board.
REVIEW FOR APPROVAL VALANCY & REED, P.A. TO BEGIN LEGAL SERVICES – Mr. Lindblom made a motion to accept the Valancy & Reed Legal Agreement. Mr. Stacy seconded this motion, and it was unanimously approved by the Board.
COMMUNITY LAKE – LAKE INSPECTION UPDATE – The Board Members discussed the fish stocking and the Sonar treatment of the lakes. Mr. Valyo informed the Board that Sonar treatment of the lakes is scheduled for March. The Board Members agreed to skip fish stocking in 2024.
NEW BUSINESS/OLD BUSINESS – Nothing to discuss.
A motion was made and approved to adjourn the Board Meeting at 8:04 pm.
Minutes Accepted By:
_________________________________ _____________________
Douglas DeLuca, Secretary Date
Comments