MARCH 30 2009
The meeting of The Regency Tower Board was called to order at 10:30 a.m. on Monday, March 30, 2009 in the Rendezvous Room of The Regency Tower by the President.
Roll Call -The roll call showed the following Board Members present: Iris Anastasi, Eric Berkowitz, Dee Lanzillo, Fern McBride, Bob Nagle, Dott Nicholson-Brown and Bill Tennenbaum (via speakerphone).
Reading of Minutes -The minutes of the meeting of The Regency Tower Board Meeting held on March 12, 2009 were read. Bill Tennenbaum made a motion to approve the minutes as read, seconded by Iris Anastasi, unanimously approved.
Collection Policy Statement read by the Secretary:
Regrettably, our community has been unable to escape the widespread effects of the economic strain. Delinquencies and foreclosures are becoming a very real problem and are beginning to threaten our standard of living.
Our fiduciary responsibility is to protect the rights and the interest of all unit owners in this community and; therefore, it has become necessary to initiate a more aggressive Collections Policy.
It is incumbent upon each unit owner to pay their quarterly maintenance on a timely basis.
Maintenance is due on the 1st day of January, April, July and October. If not received by the 15th of the month within which it is due, you are delinquent in your obligation to the association and a late fee shall be added to your maintenance account.
To afford you an opportunity to remit payment if not yet received, on or about the 20th of the month, you will receive a “certified” late letter, providing you 30 days to bring your account current to avoid a lien being placed against your unit. Should you fail to timely respond, account will be referred to the Association legal counsel and you will incur charges for all legal fees, costs, late fees and interest.
Please be assured we appreciate the timely payments of the vast majority of Regency Tower unit owners; this policy is being initiated in the best interest of all residents as well as to ensure the standard of living we are all accustomed to here will not begin to deteriorate due to those that do not meet their obligations.
Thank you for your continued cooperation.
Dee Lanzillo made a motion that Iris Anastasi be removed as Vice President and Eric Berkowitz be elected as Vice President. The motion was seconded by Iris Anastasi and passed with 6 ayes and 1 nay.
Bob Nagle announced that he was leaving in five minutes.
Iris Anastasi read a document and made the following 2 motions:
Vote on Manager Hiring -Bill Tennenbaum made a motion that Dott Nicholson-Brown be hired as Manager of the Regency Tower Association effective April 1, 2009. The motion was seconded by Dee Lanzillo; there were 4 ayes and 2 nays; Dott Nicholson Brown recused herself from voting.
Committee Reports -President Nicholson-Brown then called for Committee Reports. Click Here to read the Committee Reports.
Announcements -Bob Nagle announced that he will be resigning from the Board and every committee effective April 1, 2009.
Adjournment -A motion was made by Bill Tennenbaum and seconded by Dee Lanzillo to adjourn the meeting at 11:15 a.m.; unanimously approved.
MARCH 30, 2009
Architectural Review & Construction Committee
Since we have to wait until April 10th before applying any paint, the anticipated start date is April 13th. The contractor will initially prepare to remove shutters and/or tiles and attend to any subsequent patching. This will be the first order of business in each stack. Following completion of these preliminary jobs, the balance of the stack will be examined for cracks and defects that will also receive indicated repairs and elasteromeric patches. Only then will the stack be primed and painted.
Given the unavoidable negotiating delays, we must take advantage of every opportunity to expedite this project. This week, the Construction Committee will arrange meetings with contractor Gary Hricko, product distributor Jack Findlan and a representative from Benjamin Moore to review the project and organize an efficient timetable.
In addition to regular inspections by the distributor, the manufacturer and the engineer as well as fully attended progress meetings, we will closely monitor the work each day. By performing daily oversight, any potential problems encountered by the contractor can be addressed immediately. If diligently applied, this could help recapture weeks of lost time and contain costs.
As additional relevant information becomes available, it will be posted immediately. Thank you for your kind attention.