Lakeview Terrace AssociationLVTA information and discussion

May 5th Annual Meeting minutes 05-05-2013

Lakeview Terrace Association, Inc
Annual Meeting
May 5, 2013

Meeting was called to order by President Mike Martin at the Coventry Town Hall at  2:10 pm  Board members present were Bob Allison, Ray Chicoine, Pat Halpin, Christina Pierce, Marcia Roy and Michelle Pierce.

Roll call of Board Members took place.

Treasurer’s Report: Checking Account Balance $9,425.51. Savings Account Balance $292.52, CD Balance $15,455.64, Grand Total $25,173.67. After discussion it was decided to consult an attorney regarding the CD.

Tax Collector’s Report:  Total 2012-2013 Taxes Billed $13,978.10

By Account:
Paid                                            136 Properties
Delinquent                                   22 Properties all under 6 years, 3 are in foreclosure.
Total Properties                          158

Collected:
2012-2013                $11,412.90                   82%
Interest                                        170.99
2013-2014 Credit                          34.62
Prior Years
Collected Taxes                          606.89
Prior years interest & fees          413.78

Secretary’s Report: Minutes of the May 6, 2012 Annual Meeting and the September 23, 2012 Board Meeting were handed out, read and accepted.

2013-2014 Budget was present:

Taxes & Insurance                    Proposed                   Approved Budget
Property Taxes Town of Coventry               $175.00 +  25.00           $    200.00                                       Liability Insurance & Bonding            $5,200.00                            5,200.00
Tax Collector                         $1,500.00                            1,500.00
Subtotal…………………………………………….$6,875.00                          $6,900.00

Association Operations
Lien Fees                          $100.00                          $   100.00
Printing, Copies & Postage                  $400.00                               400.00
Postal Fees (P O Box)                                      $50.00                                 50.00
Misc. Operating Exp.                              $120.00                               120.00
Subtotal……………………………………………….$670.00                         $  670.00

Association Beach
Beach Improvements                                                      $1,000.00 + 200.00     $1,200.00
Safety & Security                                                           $    100.00 +200.00          300.00
Mowing (Beach & Ball Field)                  $ 1,200.00 – 600.00         600.00
Sani Can                                       $500.00                         500.00
Subtotal………………………………………………..$2,800.00                    $2,600.00

Roads & Gaurdrails                                                     $1,000.00                     $1,000.00
Subtotal                            $1,000.00                     $1,000.00

Improvement of Roads                                                                   +175.00     $2,675.00

Total Proposed Budget                            $11,345.00                   $13,845.00

Much discussion followed regarding the condition of Lakeshore Drive, in front of 63 and near the corner of Juniper Dr. Ray Chicoine has sent an e-mail to the Public Works Dept. asking if Town Employees would work after hours to fix this road and what the cost would be. Mike Martin is going to go to the Town to discuss this. Also it was decided that association members would mow both the beach and the ball field and LTA would reimburse for gas. After much discussion it was decide to raise LTA Taxes to 1.25 Mills the approximate
$2500.00 would be for Road Improvements.

Old Business
Crestwood Drive was turned over to the Town of Coventry on October 2013.
Association Members are going to mow the Beach and Ball Field
State Marshall has not been contacted to collect delinquent taxes,

New Business
Refurbishing of Bulletin Board-Tabled
Beach Clean Up May 18 & 19th at 9:00 am.
An Association member asked the board to consider installing a handrail onto the beach at the end of Lakeview Dr.

Election of Officers
Bob Allision, Mike Martin, and Marcia Roy have been reelected as Board Members and Michelle Pierce has been re-elected as the Alternate Member.

Meeting was adjourned at 3:32 pm

Board Meeting immediately followed;
President        Mike Martin            Tax Collector        Christina Pierce
Vice President        Bob Allison                             Board Members    Ray Chicoine, Scott Tweed
Secretary        Pat Halpin                               Alternate Member      Michelle Pierce
Treasurer        Marcia Roy
Next meeting June 13, 2013 @ 6:00pm at Mike Martins home.
Meeting adjourned at 3:45 pm

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