May 4th 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 & 18^th 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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