Category: Minutes, Reports, Newsletters, Etc.

PALM WORTH SUNRISE 12.20.09 (50 Minute Duration)

PALM WORTH SUNRISE 12.20.09 (50 Minute Duration)

Board Meeting MInutes 10.26.2011

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 50^th anniversary.

Hope to see you soon,

Jim Apostolico

Board President

Palm Worth, Inc.

Board of Directors Meeting Minutes

Wednesday April 12, 2011

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 2:05 PM.

Prior to any other business being conducted, Jim offered sympathy on the passing of Jim Grinnell, and spoke kind words about him saying how Jim would be in everyone’s thoughts and prayers.

1. ROLL CALL

Board members present:

Jim Apostolico – President

Linda Brennan – Vice President

Tom Wallis – Secretary

Glenn Keller – Treasurer

David Gerwig – Director

Juanita Leary – Director is present via speakerphone

Len Lilyholm, Director, is absent from the meeting.

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

1. APPROVAL OF PREVIOUS BOARD MEETING MINUTES

Motion to waive the reading of the minutes and that they be approved. (Wallis, Apostolico 6-0 in favor).

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.  TREASURER’S REPORT

Treasurer Glenn Keller reports on the current cash positions of the Palm Worth bank accounts. He also reports that the 2010 audit has been completed and that any shareholder wishing to request a copy should let Robert know and he will provide one for them.

Glenn goes through some adjusting journal entries that were recommended by the auditors. At the present time, it is reported that (1) one shareholder is with the attorney for collection and that Palm Worth has received the first payment from the bankruptcy trustee for unit 208.

Motion to accept the Treasurer’s report (Wallis, Apostolico 6-0).

1. NEW BUSINESS
   1. Jim Apostolico officially welcomes Tom Oliff, who purchased unit 314, to Palm Worth.
   2. Gorman Trust Approval – Palm Worth 308 Trust dated March 27, 2007 Josephine Gorman and Patricia Rowan Trustees. Motion to approve Gorman Trust (Wallis – Apostolico 6-0 in favor).
   3. Nemirow Trust Approval – Valerie E. Nemirow and Samuel B. Nemirow Living Trust under revocable Trust agreement executed on 24 July 2003.  Motion to approve Nemirow Trust (Wallis – Brennan 6-0 in favor).
   4. Judy Brown Sale – Tom Wallis reports that the potential new owners will be interviewed at Palm Worth by Dick Wing, David Hobson and Robert Bucchere. Motion to approve (Wallis – Apostolico 6-0 in favor).
   5. Keller Kitchen Remodel – Motion to approve Keller kitchen remodel (Brennan – Apostolico 6-0 in favor).
   6. Gem Property Contract – Jim reports that the Board and Robert have agreed on a new contract for Gem Property Management through December 2012. Motion to approve Gem contract (Apostolico – Wallis 6-0 in favor).
   7. New Water Heaters – Motion to approve new water heaters for Donna Whitlock and Sue Stinson. (Apostolico – Keller 6-0 in favor).
   8. Jim speaks about the plumbing inspection reports that were completed and states that they will be given to all shareholders with any recommendations made by the plumber for each unit.

1. OLD BUSINESS
   1. Elevators – Work to begin in the first part of May.
   2. Railings – Jim speaks about the railing replacement to take place in the summer. Cost of the railings is $720.00 each and up to 30 railings may be replaced this summer.
   3. Insurance Renewal – Jim reports that our insurance policies have been renewed at a cost of $42,500.00; this is approximately $2000.00 less than last year.
   4. Parking Lot Resealing – David Gerwig reports that we will be adding 2 spaces with the relocation of the car wash and that we are considering a delay in the start of this project until the completion of the railing installation and elevator work.
   5. Fire Alarm Project – Glenn reports that the fire alarm project will be starting the first week in May.
   6. Windows and Doors – Jim reports that Kroll glass has provided some pricing and brochures on front doors and windows. The Board discusses the pricing, the type of door, etc. The Board to decide on the type of door/window to be chosen by the first fall Board meeting.
   7. House Rules – Tom Wallis asks each Director to review the House Rules and submit any recommendations for changes.
   8. Beautification Committee

• Palm Tree Removal – Juanita reports that 2 bids were received from and the bid from Jimmy @Sawgrass Services for $1705.00 is the one she recommends. Discussion entails yellow flowering tree or palm tree. Motion to plant the palm tree. (Apostolico – Wallis 6-0 in favor).
• Pool Furniture – Juanita speaks about the cost of replacing the pool furniture or refinishing it; the pool furniture will continue to be researched and possibly be purchased by the fall and the board agreed to powder coat the beach gate, the ocean entry gate and the pool gates. Motion to powder coat the beach gate, the ocean entry gate and the pool gates (Leary – Gerwig 6-0 in favor).

1. Palm Tree Donation Par 3 Golf Course – Motion to donate $250.000 to the Preservation Committee in the name of Palm Worth for the planting of palm trees and the Par 3 golf course (Wallis – Keller 6-0 in favor).

1. SHAREHOLDER COMMENTS

Mike Mellquist gives a report on the beach restoration by the Citizens’ Association.

1. ADJOURNMENT

Motion to adjourn at 4:05 PM. (Apostolico – Wallis, 6-0 in favor).

Minutes submitted by

Robert Bucchere, LCAM

April 18, 2011

March 1, 2011

Dear Palm Worth Residents:

I hope that you are enjoying another wonderful season here at Palm Worth. There are a couple of issues that I would like to bring to your attention.

1. As you know one of our biggest problems here is water where it is not wanted. We have had a few incidents of mold in our units and buildings. Please remember that it is your responsibility to maintain your unit and in doing so, keep moisture to a minimum. This would include such things as shutting off the water supply when you leave for an extended period and keeping your air conditioning at 78 degrees when your unit is closed for the off season. Make sure to check your plumbing lines on a regular basis for leaks, and let Robert or a member of the board know of any water intrusion from the outside. We need all of us to take this problem seriously, for the benefit of all of us.

2. As usual, this summer we will be doing some work around Palm W orth. The elevator will be completely overhauled, the parking lot seal coated and re- striped, the Fire Alarm System installed and some 25 sections of concrete railing replaced. We ask for your patience and cooperation during these projects so they can be completed in the off-season. Please check with Robert if you are leaving your vehicle in the parking lot as it must be removed when the work on the parking lot begins.

3. Shortly, the Board will have a plumber check all of the plumbing at Palm Worth. He will check each unit and advise us and you of any problems that need attention. He will check kitchen and bath plumbing, and the main shut off valves to each unit. Be advised that if your toilet is the original one installed and has not had the wax ring replaced, it has long outlived its usefulness and needs your attention.

Well, that’s enough about problems;

I wish all of you a wonderful season full of fun and sun.
Sincerely Jim Apostolico,  President

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 1^st 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

Click Here

Palm Worth, Inc. Annual Meeting Minutes
Tuesday, February 15, 2011
2850 S. Ocean Blvd Palm Beach, Fl 33480

CALL TO ORDER Board President, Linda Brennan welcomed everyone to the 49th annual meetingand called the meeting to order at 7:05 PM.

Board members present:

Linda Brennan, President
Glenn Keller, Treasurer
Tom Wallis, Secretary
David Gerwig, Director

Secretary Torn Wallis reported that 27 Shareholders were present and there were 30 proxies so a quorum is met.
Robert Bucchere, LCAM, Palm Worth property manager, is also in attendance.

PROOF OF NOTICE Secretary, Tom Wallis, verifies that he has received and verified the proof of notice of the mailings for the annual meeting.

READING OF THE PREVIOUS BOARD MEETING MINUTES Motion made by Tom Wallis to waive reading of the 2010 Annual Meeting minutes and that they be approved. Seconded by Glenn Keller and approved by all.

PRESENTATION ON THE FIRE ALARM SYSTEM
Mr. Mickey Volk of Florida State Fire and Security gave a brief explanation of the system that would be installed. They will be in each apartment for a brief time as they install the warning horn. This system Does Not detect fire but alerts residents when someone pulls the fire switches. The new system that will be installed in May.    He also answered all shareholders questions.

REPORT OF OFFICERS

A.    Treasurer’s Report

Glenn Keller presented his report based on unaudited results as of 31 December 2010 which is attached.

B.    The Secretary read the following motions to the shareholders:

1. The Board of Directors of Palm Worth, Inc. be authorized to contract the services of Hafer and Company, as our auditing firm and to prepare 2010 Federal and State tax returns.
Seconded by Gerwig and Passed.

2. The Board of Directors of Palm Worth, Inc. retains Laurie Manoff as our corporate attorney until the 2012 annual meeting. Seconded by Keller and Passed

3. The Board of Directors of Palm Worth, Inc. be authorized to cross fund the reserve accounts to the operating accounts, if necessary during 2011 and to  borrow operating funds from the reserve funds, if necessary.
Seconded by Gerwig and Passed

GENERAL MANAGERS REPORT AND EAST STAIRWELL PROJECT

Robert Bucchere presented his report. This report will be made available to all shareholders along with the minutes of the Annual Meeting.

BEAUTIFICATION COMMITTEE REPORT

Will be included with minutes.

SELECTION OF BALLOT COUNTERS

Linda Brennan reports that Dick Wing and Mary Ann O’Bryan have been asked to count the ballots for the Board of Directors Election.

CITIZENS ASSOCIATION REPORT

Robert Bucchere read the report prepared by David Hobson which will be included with the minutes.

PRESIDENT’S REPORT

Linda Brennan Presented 2010 President’s Annual Report which will also be available with the publication of the minutes.

SHAREHOLDER QUESTIONS

Mike Meliquist, responding to a question about the Omphoy’s status, stated that it is currently in Bankruptcy and being operated by the bank holding a $60 million loan. He also reported that the new bank next door should be open in a couple of weeks.

BOARD ELECTION RESULTS

The President reported that Jim Apostolico , Glenn Keller and Juanita Leary were elected to the Board of Directors for two year terms. [In Executive Session the Board of Directors unanimously selected Lenny Lilyholm to complete the term of Bill Hanvey]

ADJOURNMENT Motion by Tom Wallis adjourn at 8:45 PM; seconded by David Gerwig and approved by all.

Respectively Submitted,

Thomas Wallis, Secretary
Linda Brennan, President