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Board Meeting

E-mail Address: 1regencytower@gmail.com

     

March 19, 2018

Annual Members Meeting &
Board of Directors Organizational Meeting

7:00 p.m.

President Eileen Bendis
Pres Eileen Bendis
The meeting was called to order at 7:05 p.m. by Eileen Bendis, President. All notices were sent and posted according to Florida Statutes.

Election Monitor Nan Green
Election Monitor
Nan Green
Election Monitor - The Election Monitor Nan Green was introduced and explained the process and rules for counting election ballots.

Sergeant-at-Arms - Cathie Lenz, the Sergeant-at-Arms, was introduced and reviewed the rules for the meeting.

Quorum - a quorum of unit owners were not present, therefore it is not an official Annual Meeting.

Nancy Seltzer gave a detailed presentation in response to questions submitted regarding the lobby decoration project.

A question session was offered. The following subjects were among those addressed: Accounting of renovations, web site, concrete restoration, etc.

Sergeant-at-Arms Cathie Lenz
Sergeant-at-Arms
Cathie Lenz
Treasurer's Report - The financial report was available to all unit owners attending the meeting.

Treasurer Steven Faigin
Treasurer
Steven Faigin
Annual Audit - Charles Krblich CPA firm has been engaged for the annual audit. The 2017 financial audit fieldwork is complete, and we have received a draft of the financial statements. The annual report will be finalized and delivered to the Board of Directors and the Unit Owners by the end March. You will be notified when you can pick up a copy of the financial statements in the office. In April, the Charles Krblich CPA will complete and file the tax return.

Banking Services - Our relationship with the Association Services at CenterState Bank has been set up and operating since June 2017. Q2 Maintenance Fees are due April 1, 2018. There are several options for the payment of maintenance fees; however, all maintenance fees should be mailed directly to the bank lockbox in Miami. If possible, use coupons to accompany your payment, this speeds up the processing of your payment.

You also have the option of auto-debit; currently 43 owners use this option for payment of the quarterly fees. See Christine in the office if you would like to use auto-debit.

Manager Andy Surdovel
Manager
Andy Surdovel
Key Financial Metrics for February 2018:

  1. Cash on hand as of February 28, 2018

    1. Operating                                          $348,092

    2. Reserves-Replacement Funds         $648,153

  2. Profit & Loss as of February 28, 2018: Year to Date, the income exceeds expenditures by $44,592.74. Detail financial statements will be available to unit owners at the end of Q1 2018.

Please Note - (Copies of the complete Financial Report are available in the office - only to members.)

Vice President Eric Berkowitz
Vice President
Eric Berkowitz
New Treasurer John Amatulli
New Treasurer
John Amatulli
Manager's Report - Manager Andy Surdovel addressed the following:

Concierge Plus software, Amenity Bookings, Maintenance Requests, Package Delivery, Mailroom Monitor, TMS Biometric Clock, Receiving Room, Security Uniforms, Front Entrance Seating, Exercise Equipment, Landscaping, Beach Chairs, Cabanas, Hurricane Irma, LED Garage Lighting, and additional projects.

Eric Berkowitz - After having served for more than 17 years on Regency Tower's Board of Directors, Eric opted not to stand for re-election. Eileen Bendis shared the following. "From the roof to the drainage wells, from the A/C risers to the concrete balconies, from the website to the impact windows, from the generator to the cooling tower, Eric has always been there. No one has ever and I dare say so, no one WILL ever put as much volunteer time and effort into the future of Regency Tower. If anyone thinks anything other than his health has taken him off the Board of Directors, THEY DON'T KNOW ERIC!

He will still be here to negotiate and supervise projects like no one can. But, his health and his family must come first at this point in his life.

Please stand and give a heartfelt thank you for so many years of volunteer service to our community and that of the entire Galt Ocean Mile Association and wish him the best."

Secretary Fern McBride
Secretary
Fern McBride
Election Results - The session ended with the following election results:

  • John Amatulli - 91 votes

  • Stephanie DeAngelis - 88 votes

  • Ronald Lenzi - 40 votes

  • Jorge Szmulewicz - 89 votes

Adjournment - No further business. The meeting was adjourned at 9:30 p.m.


Fern McBride

Board Secretary

Regency Tower Association Inc.
Organizational Meeting of the Board of Directors

Monday, March 19, 2018, 9:35 p.m.

President Eileen Bendis
Pres Eileen Bendis
Organizational Meeting - Organizational Meeting followed immediately after election results were announced

New Vice President Jorge Szmulewicz
New Vice President
Jorge Szmulewicz
The meeting was called to order at 9:35 p.m. by President, Eileen Bendis.

The President, Eileen Bendis, asked for a motion to select a President. Fern McBride nominated Eileen Bendis for President. The motion was seconded and unanimously approved.

Eileen Bendis nominated Jorge Szmulewicz as Vice President. The motion was seconded and unanimously approved.

Fern McBride nominated John Amatulli as Treasurer. The motion was seconded and unanimously approved.

Eileen Bendis nominated Fern McBride as Secretary. The motion was seconded and unanimously approved.

The following Board Members will serve as Directors: Stephanie DeAngelis, Steven Faigin and Richard Robins.

Secretary Fern McBride
Secretary
Fern McBride
The Board of Directors' officers and directors is as follows:

  • President - Eileen Bendis
  • Vice President - Jorge Szmulewicz
  • Treasurer - John Amatulli
  • Secretary - Fern McBride
  • Director - Stephanie DeAngelis
  • Director - Steven Faigin
  • Director - Richard Robins

Adjournment - No further business. The meeting was adjourned at 9:49 p.m.


Fern McBride

Board Secretary

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