Special Assessment Meeting | January 14, 2015

by admin on February 9, 2015

Palm Worth, Inc.
Special Assessment Meeting
January 14, 2015
Palm Worth Clubhouse

1. CALL TO ORDER

Meeting called to order by Juanita Leary, Board President at 3:00 p.m.

Board members present:
Juanita Leary President
Jim Apostolico Vice President
Glenn Keller Treasurer
Marian Day Secretary
Stacey Graiziger Director
Arthur Boyle Director
Len Lilyholm Director

2. ROLL CALL
Quorum of the Board was present and verified. Building Manager Marcy Cresswell, LCAM was present along with several shareholders.

3. DISCUSSION AND VOTE ON RESERVE SPECIAL ASSESSMENT
Juanita briefly discussed the additional work necessary in the maintenance room. The special assessment is needed to payback other Reserve accounts for money that was borrowed in January of 2015 in order to make a payment for work done under the building and railing repair contract.  Glenn made a motion to approve the assessment for $42,000 to shareholders in one payment due April 1, 2015. Marian second, all in favor.

4. SHAREHOLDER QUESTIONS AND COMMENTS
A Couple of questions were asked and answered.

5. ADJOURNMENT

Motion made by Marian Day to adjourn at 3:11 p.m. second Jim Apostolico and all in favor.

 

Minutes submitted by:

Marcy Cresswell,  LCAM
January 19, 2015

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