Board of Directors Meeting Minutes 2/28/2011

by admin on February 28, 2011

Palm Worth, Inc.

Board of Directors Meeting Minutes

Monday, February 28, 2011 at 3:00 PM

Palm Worth Clubhouse

2850 South Ocean Blvd.

Palm Beach, FL 33480

  1. CALL TO ORDER

Meeting called to order by Jim Apostolico, Board President at 3:05 PM.

Board members present:

Jim Apostolico President

Linda Brennan Vice President

Glenn Keller Treasurer

David Gerwig Director

Juanita Leary Director

Len Lilyholm Director

Tom Wallis, Secretary was absent due to illness.

2. ROLL CALL

Quorum of the Board was present and verified, Robert Bucchere, LCAM, Palm Worth building manager, was present as were numerous Palm Worth shareholders.

Jim Apostolico gave an official welcome to Juanita Leary and Len Lilyholm as new members of the Palm Worth Board of Directors.

3. LAUNDRY CONTRACT

Jim stated that Palm Worth lost the court hearing regarding the King Coin laundry contract. Jim also stated that Palm Worth is not pleased with the outcome of the court hearing and that Palm Worth will have a named partner in our corporate law firm review the case. Treasurer, Glenn Keller also stated that we should have a partner review this outcome and we will work diligently to get out of this laundry contract.

4. BOARD MEMBER RESPONSIBILITIES

Jim states that he would like to have a policy of “board member buddies” to make it easier to communicate among the board members and to keep open the “flow of information.”

The Buddy System is as follows:

Linda Brennan – Juanita Leary

Glenn Keller – Len Lilyholm

Tom Wallis – David Gerwig

5. PROJECT ASSIGNMENTS

Jim states that the following board members will oversee projects as follows:

Fire Alarm System – Glenn Keller

Parking Lot – David Gerwig

Beautification Committee – Juanita Leary

Social Committee, Legal Matters & Contracts – Linda Brennan

Stock Certificates, Leases and House Rules – Tom Wallis

Elevator Project – Jim Apostolico

Railings, Windows & Doors – Len Lilyholm with possible input from David Hobson who had worked on the Window Committee.

6. PLUMBING INSPECTION

Len Lilyholm suggests that we have a plumbing inspection of the water shut off valves in the kitchen and baths of all the units as well as the seals in the bathroom toilets.

Motion is made to have the plumbing inspection done (Keller, Lilyholm 6-0 in favor).

7. COMMITTEE APPROVAL

The following committees are approved:

Document Committee – Valerie Nemirow Chairperson

Citizens’ Association – Mike Mellquist, David Hobson

Beautification Committee – David and Vickie Gerwig, Juanita Leary

Social Committee – Linda Brennan, Chairperson, Sue Apostolico, Carol Boyle, Kit Hanvey and Sue Keller

Motion made to accept the committees (Brenna, Lilyholm 6-0 in favor).

8. TREASURER’S REPORT

Motion is made to waive reading of the Treasurer’s report (Leary, Keller 6-0 in favor).

9.  PREVIOUS BOARD MEETING MINUTES

Motion is made to waive and approve the reading of previous board meeting minutes (Brennan, Lilyholm 6-0 in favor).

10. WINDOWS AND DOORS

Motion is made to have the 1st floor porches included in the Porch Window System (Brennan, Keller 6-0 in favor).

11. NEW BUSINESS

Fanning Unit 314 Sale Approval

Motion is made to approve sale of Unit 314, Diana and Emory Fanning to Tom Oliff (Brennan, Leary, 6-0 in favor).

Koehl Unit 407

Motion is made to approve change of Unit 407, Barbara Koehl Lease/Stock Certificate to a Trust (Apostolico 6-0 in favor).

12.  LETTER TO SHAREHOLDERS

Jim states that a letter is going to shareholders regarding water/mold issues and the parking lot resurfacing.

13.  STAIRWELL PAVERS

Motion is made to approve installation of pavers by Home Depot under the East Stairwell (Leary, Gerwig, 6-0 in favor).

14.   ADJOURNMENT

Motion is made to adjourn at 4:30 PM. (Brennan, Leary, 6-0 in favor).

Minutes submitted by

Robert Bucchere, LCAM

March 18, 2011

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