Minutes of the May 30, 2018 meeting were distributed and posted in advance. A motion was made by John Amatulli to accept the minutes as written The motion was seconded and passed by general consent.
President’s Report -
President Eileen Bendis read her President’s Report. Click Here to read the President’s Report.
Financial Report -
By John Amatulli, Treasurer
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Richard Robins |
Financially, Regency Tower is doing quite well. From January 1st TO July 31st, total income was $ 911,919. Total Expenses were $ 878,842, a Net Gain of $ 33,077. On January 1, 2018, we had total deposits of $ 847,666, in our 9 bank accounts. On July 31, we had $ 1,179,503 in deposits, an increase of $ 331,893.
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John Laprade |
Included in these amounts were $ 108,706 for painting and $ 176,706 for balconies. We are meeting our Budget goals in all Line Item Expenses, except Salaries & Wages is $ 9,373 over plan as a result of having 3 Payroll Periods in July; Water & Sewers, $4,084 over plan, caused by additional water usage. Legal Services, $ 17,696 over plan as a result of the Lenzi lawsuit, foreclosure proceeding on a unit and expenses generated to answer the numerous requests for information arrears total $26,400. One account, accounts for $ 11,467; sale of the unit was just completed and a check for monies owed is in the mail. There are 3 accounts in 31-60 day arrears and 1 in the 61 and 1 unit in the 90 days plus arrears.
*Copies of the complete Financial Report are available in the office or the password protected website (1regencytower.com) - only to members.) . - editor*
New Business
- Select Contractor for Balcony / Concrete Restoration Project - A motion was made by Richard Robins to select MCW (Metro Caulking and Waterproofing, Inc. / MCW) as the General Contractor for the concrete restoration / balcony project. The motion was seconded and passed by general consent.
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Manager Andy Surdovel |
The Options Package will be mailed and emailed next week. Everyone will have choices to make. The most awaited one will be a poll on selecting to repaint the aluminum picket railings or replacing the present railings with glass. Another poll will be selecting the balcony flooring. If you 1) wish to keep your tile and the engineer says it is okay or, 2) removing your tile and replacing with either the preselected tile or the knockdown finish. The third questionnaire is regarding shutters. Many residents have said they would like to remove their old inoperable shutters. The contractor has agreed on a very inexpensive price to have them removed. This is the responsibility of individual owners. The deadline to return the polls is September 28. The responses to these polls will determine the final amount of the assessment.
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Secretary Fern McBride |
Even though the Board has the authority to make these decisions in accordance with our governing documents, it was decided to put it out for a vote. The final count will be from the majority of responses received by September 28, 2018.
- Attorney Authorization - Our attorney has requested that we select one or two people to be authorized to make calls to his office. John Laprade made a motion that our Board President and our General Manager be authorized to make calls/communicate with our attorney. The motion was seconded and unanimously approved.
- Ratify Employee Health Insurance - Our employee health insurance contract was renewed, changed from United Healthcare to Aetna, and needs to be ratified. Richard Robins made a motion to ratify our employee health insurance contract with Aetna. The motion was seconded and unanimously approved.
- Update on Comcast - Andrew Surdovel - We now have three Internet Hot-Spots at Regency Tower. They are in the Lobby/Exercise room, Game room and the Pool/ Beach patio. These can be accessed by using your Comcast email and password. In the weeks to come, Comcast will be wiring the outside of the building that will replace the existing rusted raceways that house the TV cables. Comcast has appropriated $86,000 for the cable replacement. A swing stage will be used to navigate the building when replacing the cables on each stack. (i.e. 01,02,03 etc.) Once this outside wiring is completed, Comcast will start to wire each unit. Comcast will coordinate this interior wiring with each unit owner. Finally, once the wiring is completed, Comcast will set a date to install the TV and Internet component boxes. The estimate for the completed work is end of November or Thanksgiving.
- Gym Equipment: Discussion was held on the condition of our gym equipment, investigating purchasing new equipment, and the appreciation of further suggestions.
- Kayaks: In response to Mr. Tamm, #411, wanting a kayak rack placed on our beach, he has been asked to provide information on location, size, charges to kayak owners, and storage in the event of a hurricane.
Adjournment -
No further business. The meeting was adjourned at 7:45 p.m.
Fern McBride
Board Secretary
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PRESIDENTS REPORT
AUGUST 24, 2018

Board President Eileen Bendis’
Message to Members

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Pres. Eileen Bendis |
Welcome.
Well, it’s finally here. The long-awaited ballot on the balcony railings will be sent next week!
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Aluminum Picket Balcony Railing |
Decisions are made every day affecting the association regarding finances, maintenance of amenities, property values, safety, parking and rule enforcement. Boards are accused of taking too much action, not enough action, or taking wrong actions. Our Board has been under scrutiny for taking important and necessary actions.
There is negative rhetoric going around our association, the likes of which I have never heard before. This is disruptive, destructive, deceiving and divisive. It’s pitting neighbor against neighbor.
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Glass Panel Balcony Railing |
Where all this hate is generated from, I can only speculate; why people are listening to it only confuses me.
We want to dispel any rumors surrounding the concrete/balcony restoration project. There is a group of uninformed owners contacting people they have never met or spoken to saying the project assessment to each owner would be between $30,000 and $50,000.
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Eroded Building Column |
That would put the project over $8 million dollars—a figure in excess of the anticipated cost. We do not know how this cost was derived, as the cost of the concrete restoration project will be determined by the choices made by the majority of owners responding to the polls. The package will be sent out next week. Please read it through carefully and respond with your choices.
As you know, the Board of Directors of the Regency Tower has the authority to make “alterations or improvements” to the common property without requiring a vote of the unit owners. It was the Board’s decision to undertake this sorely-needed project. The Vice President of a group of owners, Ron Lenzi, filed for arbitration with the Division of Condominiums to challenge this decision. The arbitrator sided with the Association.
Lenzi was not satisfied, so he appealed the decision to the Circuit Court, which likewise decided on the side of the Association. Lenzi then appealed to the 4th District Court of Appeals and once again lost (case no. 4D17-2507 - June 20, 2018). The cost of this to our association was well over $25,000 in attorney fees, which we all must pay. Why is this not an important point that this “group” seems to avoid in all their derogatory literature about the board?
Out of necessity, this board is going to go forward and make this building a Jewel on the Galt with much time, consideration, cost containment and as little inconvenience as possible.
Until next time,