September 2023 - Bay Winds Meeting Minutes

BAY WINDS HOMEOWNERS ASSOCIATION, INC.

BOARD MEETING MINUTES

SEPTEMBER 20, 2023

Board Members

Present:  Rick Stacy, Daniel Lindblom, Lauren Byrne, Douglas DeLuca.

Board Members

Absent: Jamie D'Albenzio

Also Present: Paul Valyo and Jim Bouras, Community Management & Construction, Inc.

Mr. Stacy opened the September 20, 2023, Board Meeting at 7:00 pm and welcomed all Board Members and Homeowner Members in attendance. There were approximately 5 Homeowners in attendance. 

APPROVAL OF MEETING MINUTES – The Board reviewed the Meeting Minutes from the July 17, 2023, Board Meeting. Mr. Lindblom made a motion to approve the July 17, 2023, Board Meeting Minutes as written. Mrs. Byrne seconded the motion, and the motion was unanimously approved by the Board.

FINANCIAL – The Board reviewed the Delinquency Report as of September 12, 2023. The property with the highest delinquent amount of $1,572.28 is under contract for sale with the closing scheduled in September. 

The Board reviewed the July 2023 Balance Sheet, and Income and Expense Report. Mr. Valyo noted that the association is in a good and stable financial condition. Expenses are currently under budget. 

The Board Members discussed TD Bank CD account that matures on September 19th. 

Mr. Stacy made a motion to transfer this account balance to Bank United 6-month CD account with interest rate of 5% or higher. Mr. Lindblom seconded this motion, and it was unanimously approved by the Board.

Mr. Stacy made a motion to approve the engagement of the Gerstle, Rosen CPA for the 2023 Audit & Tax Return preparation. Mr. Lindblom seconded this motion, and it was unanimously approved by the Board.

DISCUSS NEW LANDSCAPE MAINTENANCE SERVICE PROVIDER – Mr. Stacy informed the Board that CMC will no longer be providing landscape services beginning January 1, 2024. Mr. Valyo presented to the Board’s review landscape maintenance proposals from 3 different companies. 

Mr. Lindblom made a motion to approve the Complete Property Maintenance proposal pending the Board’s review and approval of the landscape maintenance agreement. Mr. DeLuca seconded this motion, and it was unanimously approved by the Board. 

REVIEW 2024 CMC PROPERTY MANAGEMENT PROPOSAL – The Board Members reviewed and discussed 2024 CMC Property Management proposal. 

Mr. Lindblom made a motion to retain CMC and accept 2024 CMC property management proposal. Mrs. Byrne seconded the motion, and it was unanimously approved by the Board.

Mr. Valyo will email the management agreement contract to the Board for their review.

COMMUNITY LAKES

LAKE INSPECTION UPDATE – Mr. Bouras updated the Board on the condition of the lakes. 

NEW BUSINESS/OLD BUSINESS – Nothing to discuss.

A motion was made and approved to adjourn the Board Meeting at 7:46 pm.

Minutes Accepted By:

_________________________________ _____________________

Douglas DeLuca, Secretary Date