Summer Update – 2011

by admin on August 11, 2011

August 1, 2011

Hello Palmworth Shareholders. I hope everyone is enjoying a wonderful summer. I wanted to keep you informed of the summer work at Palmworth, as well as the current financial situation.

As you know, it has been another busy offseason for the Board, and especially for Robert and John, who are working hard while we are away. All projects are moving along as scheduled.

The work on the Fire Alarm Installation is done and we are just waiting for a final inspection by the Palm Beach Fire Marshal. Glen Keller and his committee have done a great job overseeing this project for more than two years. His report is attached.

The North and South elevators have been refurbished for all of our safety and convenience. Although you may not notice much outwardly, the inside mechanical equipment has been updated and the doors replaced.

Carousel is replacing 30 of the concrete railing sections along our balcony walkways. All of the old sections have been removed and they have installed about half of the new ones. This needed improvement should be completed in 2 weeks, well before most of us return for the season. Hopefully a season with no noise of sawing and blasting concrete!

The landscape committee has been very active. Most notably, the gates around the pool will be powder coated soon after the other construction is done. Also Juanita has been looking at pool furniture options. Please see her attached report.

The parking lot will be recoated and relined around the end of August. Thanks to the efforts of Director David Gerwig this appears ready to go, and we will have our car wash area back again.

Glenn Keller has attached a financial report for your reading. Please remember that the Board has undertaken this year’s projects with no assessments, everything is being paid for out of the current maintenance budget and reserves. Thanks Glenn.

As I mentioned above, Robert and John have been busy. Robert’s report is attached on the summer’s work. Our thanks to him and John for their efforts in keeping Palmworth in great shape.

On behalf of the entire Board, I wish you a healthy, active, enjoyable summer. We are committed to keeping our home in Florida in the best condition we can, and believe it will be ready for a tremendous winter season for our 50th anniversary.

Hope to see you soon,

Jim Apostolico

Board President

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