Annual Meeting minutes 05-06-18
Lakeview Terrace Association, Inc
Annual Meeting
May 6, 2018
Meeting was called to order by President Christina Pierce at Mill brook place at 2:05 pm Board members present were Scott Tweed, Stuart Pratt, Marcia Roy, Geoff Willis, Christina Pierce, Mike Martin, Ray Chicoin
Roll call of Board Members took place.
Secretary’s Report: Minutes of the May 7, 2017 Annual Meeting were handed out, read and accepted, and the September 12, 2017 Board Meeting were handed out, read, and accepted. , and the October 10, 2017 Special Meeting were handed out, read, and accepted.
Treasurer’s Report: Checking Account Balance $18,542.35, Savings Account Balance $292.52, Total $18,834.87.
Tax Collector’s Report:
Total collected $14,907.18, 2017 Past due Balance $7,583.28
Budget:
2018-2019 Budget passed at 1 mil with $531 shortfall to come from reserves.
$2000 from 2017-2018 budget to be used for guardrails, additional boat rack, and bulletin board
Old Business
- Guardrails to be built from used telephone poles delivered by Mike Martin. Christina Pierce voiced her concerns about chemicals used in the telephone poles.
- Mike Martin, and Ray Chicoine will talk with Luke and get quote for installing guardrails, and removing brush.
- Bulletin board allegedly to be installed before July
- New Boat rack to be installed before July
- Ski club to install dock and buoys, volunteers to meet 5/11 7:00 ball field to move buoys to beach
New Business
- Beach cleanup 5/19 at 10:00am
Election of Officers: Lauren Maciag, Christopher Katan, Lisa Martin elected to the board.
Board Meeting followed after a 10 minute recess,
President: Bob Allison
Vice President Lisa Martin
Secretary Geoff Willis
Treasurer Christopher Katan
Tax Collector Stuart Pratt
Board Members Lauren Maciag & Scott Tweed
Alternate Board Members-Ray Chicoine
Next Board Meeting Monday June 4, 2018 6:30 pm at the beach.
Meeting adjourned 3:56pm
2017-2018 Budget Summary:
Taxes & Insurance
Property Taxes Town of Coventry $100
Liability Insurance & Bonding $5,100
Tax Collector $1,500
Subtotal $6,700
Association Operations
Lien Fees $100
Printing, Copies & Postage $300
Postal Fees (PO Box) $55
Misc. Operating Expenses $120
Subtotal $575
Association Beach
Beach Improvements $2,400
Safety and Security $200
Mowing (Beach & Ball field) $1,400
Sani Can $650
Subtotal $4650
Misc. Projects
Donation Coventryfest $175
Roads $400
Subtotal $575
Total Budget $12,905
Budget passed @ 1 mil, $531 to come from reserves. In order to maintain the current mil rate of 1 we will reduce reserves by $2000 to cover budgeted expenses for 7/1/17 – 6/30/18.
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