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Board Meeting

E-mail Address: 1regencytower@gmail.com

     

February 28, 2019

Special Meeting
Rendezvous Room
7:00 p.m.


President Eileen Bendis
Pres Eileen Bendis
The Regency Tower Board of Directors Special Meeting was called to order by the President, Eileen Bendis, at 7:13 p.m.

Treasurer John Amatulli
Treasurer
John Amatulli
Roll Call

Board Members present: John Amatulli, Eileen Bendis, John Laprade, Fern McBride

Board Member on conference call: Kevin Suszko

Board Members Excused: Stephanie DeAngelis, Richard Robins

Mr. Vishnu Sharma from our accounting firm, Sharma & Associates, was in attendance.

Adopting Proposed Special Assessment

A motion was made by Kevin Suszko to postpone adopting the proposed Special Assessment of the Concrete Restoration Project. There was no second to the motion.

John Laprade
John Laprade
Secretary Fern McBride
Secretary
Fern McBride
Eileen Bendis made a motion to approve the proposed Special Assessment of the Concrete Restoration Project, at a total cost of $3,234,030.00 of which $328,813.00 will be used from existing reserves. The project includes repairs to the balconies including tile or knock-down finish, sanding and electrostatically painting railings, building columns and expansion joints, stucco repairs to the building exterior, window caulking, garage concrete repairs and painting of the building.

The motion was seconded and approved by quorum after discussion.

Special Assessment Payment Terms

A motion was made by John Laprade that the unit owners have the option of paying the Special Assessment of the Concrete Restoration Project in full on April 1, 2019, or be billed six (6) quarterly payments with no interest beginning April 1, 2019.

The motion was seconded and approved by quorum after discussion.

Adjournment - No further business. Meeting adjourned at 7:40 p.m.


Fern McBride

Board Secretary

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