2015 Annual Meeting Notes with Reports – Tuesday, February 17

by admin on February 28, 2015

Palm Worth, Inc.
Annual Meeting of Members
Tuesday, February 17, 2015
Palm Worth Clubhouse
2850 South Ocean Blvd.
Palm Beach, FL 33480

  1. CALL TO ORDER

Meeting called to order by Juanita Leary, Board President at 7:00 PM.

Other Board members present:

Jim Apostolico             Vice President
Glenn Keller                 Treasurer
Marian Day                  Secretary
Len Lilyholm                Director
Stacey Graiziger          Director
Art Boyle                      Director

2. DETERMINATION OF QUORUM

Marian Day reports that there were 50 Shareholder/proxies therefore a quorum was met.
Building Manager Marcy Cresswell, LCAM was present.

3. PROOF OF NOTICE

Secretary, Marian Day verifies that she has received and verified the proof of notices of the mailings for the annual meeting

4.   READING AND APPROVAL OF MINUTES OF PREVIOUS ANNUAL MEETING

Motion made by Marian Day to waive the reading and approve the February 18, 2014 annual meeting minutes. Second by Jim Apostolico and approved by all

5.    REPORT OF OFFICERS

A. PRESIDENTS REPORT – Juanita Leary presented presidents report which is attached to the  minutes.  Juanita thanked the Board and the committees for everything they do.  Juanita welcomed new owners Sandy and Harry Moran and Elaine Bartholomew.

B. TREASURERS REPORT – given by Glenn Keller is attached.

C. SECRETARY REPORT

The secretary Marian Day makes the following motions:

1.  The Board of Directors of Palm Worth, Inc. be authorized to use Hafer and Company for auditing firm to perform 2015 annual audit and prepare 2015 taxes. Second by Tom Wallis and approved by all

2.  The Board of Directors of Palm Worth, Inc. retains Peter Mollengarden as the corporate attorney until 2016 annual meeting. Second by Stacey Graiziger and approved by all.

3.  The Board of Directors of Palm Worth, Inc. be authorized to cross fund the reserve   accounts to the operating accounts, if necessary during 2015/16 and to borrow operating funds from the reserve funds if necessary. Second by Len Lilyholm and approved by all.

6.     COMMITTEE REPORTS

A. BEAUTIFICATION COMMITTEE – Vicky Gerwig stated that Phoenix is still doing the landscaping and that everything is going well.

B. PAINTING COMMITTEE – Len Lilyholm stated that he had walked the property with a company and had received specs to give out to 3 different contractors so that they are bidding on the same thing. Glenn Keller said that this is not just a simple paint job, there are many areas where paint is bubbling and will need to be removed, primed and painted, as well as metal chutes and extensive caulk work. A letter will be sent notifying shareholders that any hurricane shutters in need of repair, paint, rusty screws, etc are a private shareholder issue and will need to be addressed before or during painting of the building.

C. FRONT WALL COMMITTEE –  Stacey Graiziger reviewed a board with pictures and information regarding the safety and possible removal of the wall. Juanita gave an estimated price to remove the wall as well as some prices for putting the wall back up. She explains that it would be a major expense if it falls and needs to be put back up because it would have to meet hurricane standards/codes. Juanita wanted to clarify that per Palm Worth By-laws  a 2/3 vote is needed to make a material modification and that the Board is discussing sending a letter to vote that should the wall need to be removed that it will not have to be put back up. She also explained that based on a report by Slider Engineering, the wall was not structural and offered no additional protection for the clubhouse.  Additional options are being looked at for the front of the clubhouse after the wall is removed.

D. CITIZEN’S ASSOCIATION REPORT – given by Michael Mellquist

7.    MANAGERS REPORT – Report was given by Marcy Cresswell and is attached to the minutes

8.    OLD BUSINESS – Juanita signed off on payment of the retainage fee for Waterfront and states that they have been very cooperative and finishing up some cosmetic issues.

9.    NEW BUSINESS – Art Boyle has agreed to be chairman for the window committee.

Anyone who is having issues with leaking windows should notify Marcy and Art Boyle. Art has  agreed to work with Bob Krol regarding the approved windows and any issues with it.

10.  SHAREHOLDERS QUESTIONS/COMMENTS

Microphone for meetings, gas grill, washers and dryers, chairs under storage, bikes and view of trash next door are some items that were brought up.

11.  ADJOURNMENT – Motion to adjourn at 8:00 p.m. made by Jim Apostolico, second by Marian Day and approved by all

Minutes submitted by:

Marcy Cresswell, LCAM
Cresmarc Property Mngmt
February  19, 2015

Reports and meeting notes are available below in PDF format. Click on the link to view.

Annual-meeting-minutes-w-reports

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