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
- 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