Lakeview Terrace AssociationLVTA information and discussion

Jun 10th Annual meeting minutes 05-05-19

Lakeview Terrace Association, Inc

Annual Meeting

May 5, 2019

Meeting was called to order by Vice President Lisa Martin at the Coventry town hall at  2:03 pm  Board members present were Lauren Curtis, Chris Katan, Lisa Martin, Geoff Willis, Ray Chicoine, Stuart Pratt, Scott Tweed

Roll call of Board Members took place.

Secretary’s Report: Minutes of the May 6, 2018 Annual Meeting were handed out, read and accepted, and the September 10, 2018 Board Meeting were handed out, read, and accepted

Treasurer’s Report: Checking Account Balance $17,600.24, Savings Account Balance $292.52, Total $17,892.76.

Tax Collector’s Report:

Total collected $11,074.99, 2018 Past due Balance $8,749.96

Budget:

2019-2020 Budget passed at 1 mil with $371.70 shortfall to come from reserves.

Old Business

• Ramp to dock has come in
• Goose spray appears to have been effective at 2x concentration, we will try the same this year

New Business

• Ski club will install dock and buoys on 5/18 Buoy inspection team 5/15 at 5:30pm at ball field
• 2 New Picnic Tables not needed this year.
• Mowing have Andover mow ball field until new quotes come in
• Beach cleanup 5/18 at 10:00 am
• Stairs and Railing at the end of Hickory look at during beach cleanup
• New plexiglass for bulletin board, look at during beach cleanup
• LVTA FAQ come up with answers to frequently asked questions.
• Coventryfest June 29, 2019, Rain date June 30, 2019. June 28, 2019 7:00pm ballfield for fence
• Handicap parking, Lisa Martin has ordered sign.
• Move money from savings account to checking account, and close savings.

Election of Officers:

President Bob Allison stepped down as President, re-elected to board, Lauren Curtis re-elected to board. Lisa Martin elected as president, Scott Tweed elected as Vice President.

Next Board Meeting Monday June 10, 2019 6:30 pm at the beach.

Meeting adjourned 2:59pm

2019-2020 Budget Summary:

Taxes & Insurance

Property Taxes Town of Coventry                             $300

Liability Insurance & Bonding                                  $5,100

Tax Collector                                                              $1,500

Subtotal                                                                      $6,900

Association Operations

Lien Fees                                                                    $100

Printing, Copies & Postage                                        $300

Postal Fees (PO Box)                                                 $60

Misc. Operating Expenses                                         $120

Subtotal                                                                      $580

Association Beach

Beach Improvements                                                  $2,000

Safety and Security                                                    $200

Mowing (Beach & Ball field)                                                $2,000

Sani Can                                                                     $650

Subtotal                                                                      $4850

Misc. Projects

Donation Coventryfest                                               $175

Roads                                                                          $400

Subtotal                                                                      $575

Total Budget                                                                      $12,905

Budget passed @ 1 mil, $371.70 to come from reserves.

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