Board of Directors Meeting, March 2012

by admin on April 18, 2012

Palm Worth, Inc.

Board of Directors Meeting

Thursday March 15, 2012

Palm Worth Clubhouse

  1. CALL TO ORDER

Meeting called to order by Jim Apostolico, Board President at 3:40 p.m.

Board members present:

Jim Apostolico President

Juanita Leary Vice President

Glenn Keller Treasurer

Tom Wallis Secretary

Linda Brennan Director

David Gerwig Director

Marian Day Director

  1. ROLL CALL

Quorum of the Board was present and verified. Building Managers Robert Bucchere, LCAM,

and Marcy Cresswell, LCAM were present along with several shareholders

  1. PREVIOUS BOARD MEETING MINUTES

Motion is made by Tom Wallis to waive the reading of the January 16, 2012 Board Meeting Minutes and that they be approved, seconded by David Gerwig and approved by all.

  1. TREASURER’S REPORT

Treasurer’s report was given by Glenn Keller. The January financials had been reviewed at the stockholders meeting, and the Feb. financials should be received soon

  1. BEAUTIFICATION COMMITTEE

Juanita Leary discussed the damage to the beach gate, the replacement of the seagrape on the North side, the repair and or replacement of parts of the fence along the south side of the building, and also that all requirements for the trimming of the seagrape along the ocean

were met.

  1. NEW BUSINESS
  1. Motion made by Tom Wallis to approve A/C replacement for Brennan, King and Whitlock, second by Glenn Keller and approved by all
  2. Motion made by Tom Wallis to issue new stock certificate to Kay C. McDonald and Kevin J. Curtis Revocable Land Trust dated March 6, 2012, second by Juanita and approved by all

Motion made by Tom Wallis to issue new stock certificate to Mildred K. Grimm Declaration of Trust under agreement dated March 7, 2012, second by Linda Brennan and approved by all

  1. Jim Apostolico stated that the flagpole broke and may need to be replaced if anyone is interested in doing a memorial donation
  2. Motion made by Tom Wallis to approve installation of hot water heaters with proper permits for Grinnell, Gorman, Auld, Burrill, second by Marion Day and approved by all
  3. The McKinney’s sent a letter to the board regarding the A/C unit 203. John or Kevin will check and see if the A/C is working and also check the apartment for mold and advise
  4. Linda Brennan discussed the expansion joints and walkways for summer projects. Slider engineering gave a proposal of $2000. Linda is going to get another proposal and follow up with companies that specialize in expansion joints
  1. OLD BUSINESS
  1. Tom Wallis reviewed the changes to the house rules. They will be posted for 2 weeks to shareholders for comments. Motion made by Tom Wallis to send House Rules out to shareholders, second by Juanita Leary and approved by all
  2. The Board approved a letter regarding permits for hot water heaters previously installed to be sent to 7 shareholders involved. Motion made by Tom Wallis to send the letter, second by Glenn Keller and approved by all
  1. SHAREHOLDERS QUESTIONS AND COMMENTS

Several questions and comments were discussed

  1. ADJOURNMENT

Motion to adjourn made by David Gerwig at 5:10p.m., second by Glenn Keller and approved by all

Minutes submitted by

Marcy Cresswell, LCAM

March 22, 2012

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