Annual Meeting Minutes 05-04-2014
Lakeview Terrace Association, Inc
Annual Meeting
May 4, 2014
Meeting was called to order by President Mike Martin at the Coventry Town Hall at 2:05 pm Board members present were Bob Allison, Pat Halpin, Christina Pierce and Scott Tweed.
Roll call of Board Members took place.
Treasurer’s Report: Checking Account Balance $11,079.34, Savings Account Balance $292.52, Money Market Account $15,453.40 Total $26,835.26.
Secretary’s Report: Minutes of the May 5, 2013 Annual Meeting and the October 22, 2013 Board Meeting were handed out, Read and accepted.
Tax Collector’s Report: Total Billed Taxes 2013-2014 @ 1.25 Mils $17,177.74
By Account: Paid Accounts 136 84%
Unpaid Accounts 27 16%
Total 163
By Dollar Amount:
Delinquent- Includes Taxes, Interest and Fees
$2,388.61
2013-2014
Taxes $13,515.01 79%
Interest 124.32
2014- 2015 Credit
Taxes .65
Total Collected $16,028.59
2014-2015 Proposed Budget:
Taxes & Insurance Proposed
Property Taxes Town of Coventry $200.00 Liability Insurance & Bonding $5,200.00
Tax Collector $1,500.00
Subtotal……………………………………………………………..$6,900.00
Association Operations
Lien Fees $100.00
Printing, Copies & Postage $400.00
Postal Fees (P O Box) $50.00
Misc. Operating Exp. $120.00
Subtotal……………………………………………………………….$670.00
Association Beach
Beach Improvements $2,000.00
Safety & Security $300.00
Mowing (Beach & Ball Field) $1,200.00
Sani Can $530.00
Subtotal……………………………………………………………..$4,030.00
Other Expenses
Tree Removal-Rotten Tree at the Park $1,000.00
Roads $1,000.00
Subtotal……………………………………………………………..$2,000.00
Total Proposed Budget $13,600.00
Discussion took place regarding the Budget. The tree at the park was removed and came out of the 2013-2014 Budget, so 2014-2015 Budget will be reduced to $12, 600.00. Proposed Mil Rate will be set at 1 Mil.
Old Business:
Handrail at the end of Lakeview Dr. We need a proposal of cost to make and install.
Goose Repellant- Bird B Gone 4 gallons approximately $400.00. We will order it.
Hoop to be installed at Ball Field next week
Need 2 New Locks 1- Boat Ramp, 2nd at the Shed will buy 2 Combos approximately $35.00/
Mowing of beach and ball field- Bob Allison will chair. We need a Certificate of Insurance
State Marshall to collect back taxes- Christina will contact.
New Business:
New Picnic Tables, $175.00 from an individual in Coventry who will deliver.
Refurbishing of Bulletin Board- We will look at it.
Beach Clean Up May 17 & 18th 10:00am.
Election of Officers: 2 positions are opened. Scott Tweed was re-elected and Geoff Willis was elected.
Meeting was adjourned at 3:03 pm
Board Meeting followed immediately,
President: Mike Martin
Vice President Bob Allison
Secretary Geoff Willis
Treasurer Marcia Roy
Tax Collector Christina Pierce
Board Members Ray Chicoine & Scott Tweed
Alternate Board Member-Open
Next Board Meeting Wednesday June 5, 2014 6:30 pm.
Meeting adjourned 3:20pm
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Annual Meeting 05-04-2014 2 P.M.
Annual Meeting
Lakeview Terrace Association Inc.
Coventry Town Hall
May 4, 2014
2 PM
Call to Order
Roll Call
Treasurer’s Report
Secretary’s Report
Tax Collector’s Report
2014– 2015 Budget
Old Business
• Handrail to beach at end of Lakeview Drive.
• Goose Repellant
• Hoop to be installed at the ball field.
• New locks for Boat Ramp and Storage Shed.
• Mowing of Beach and Ball Field
• State Marshall on collecting delinquent Taxes
• Any other old business as appropriate
New Business
• New Picnic Tables. Lowe has for $88.00, we must assemble and paint.
• Refurbish of the Bulletin Board
• Beach Clean Up
• Any other new business as appropriate
Election of Officers
Adjournment
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