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Board Meeting

E-mail Address: regencytower@yahoo.com

     

January 31, 2012

Special Meeting
7:00 p.m.

President Eileen Bendis
Pres Eileen Bendis
The meeting of the Regency Tower Board was called to order at 7 PM on Tuesday, January 31, 2012, in the Rendezvous Room of the Regency Tower by the President.

Roll Call - : Iris Anastasi, Eileen Bendis, Eric Berkowitz, Bernard Larkin, Cathie Lenz, Fern McBride (speakerphone), and Margaret Thompson.

Approval of Minutes - Eric Berkowitz made a motion to approve the minutes from the December 13, 2011 meeting, which was seconded by Cathie Lenz and unanimously passed.

President’s Report - After stating that although the vote totals would be revealed under New Business, President Bendis announced that the unit owners’ referendum on impact glass balcony doors was approved. President Eileen Bends then read her President’s Report. Click Here to read the President’s Report.

Treasurer Cathie Lenz
Treas Cathie Lenz
Financial Report - President Bendis then asked Treasurer Cathie Lenz to read the Financial Report. (Reported financial details are available to Regency Tower owners in our newsletter, the “Regency Tower Times”. - editor)

We opened an account with American National Bank in order to be within FDIC limits at 1st United.

Assessment receivable continue to be aggressively tracked and pursued. Largest single item is Apt 1508 totalling $26,058.61. That unit is the only one in foreclosure.

There is currently only one other delinquent unit that is being handled by our lawyers. (Once a receivable is past due more than 45 days, it is sent to our lawyers.)

Click to Fuoco Group website Our new accounting firm, the Fuoco Group, has begun the year-end 2011 audit. We are also working with them to ensure that our bookkeeping procedures for 2012 are consistent, something that wasn’t the case in prior years. we are also going to address – and correct – all of our fixed asset account balances.

A motion was made by Eric Berkowitz to approve the Treasurer’s report, seconded by Fern McBride and unanimously approved.

Secretary Fern McBride
Secretary Fern McBride
Manager’s Report - President Bendis then called for the Manager’s Report. Click Here to read the Manager’s Report.

Committee Reports - President Bendis then called for Committee Reports. Click Here to read the Committee Reports.

New Business - President Bendis then called for New Business. Click Here to read the New Business (vote totals for balcony door referendum).

General Discussion - Many unit owners asked questions about the newly approved balcony doors. Many were very anxious to install them immediately. Hopefully, within the next couple of weeks, specs will be drawn up and sent to owners.

Adjournment - A motion was made by Iris Anastasi and seconded by Margaret Thompson to adjourn the meeting at 7:45 PM, unanimously approved.

Fern McBride

Board Secretary

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