Camelot

Minutes of the Board Meeting of the
Camelot Residences Association Inc.
On September 18, 2017, at the On-site Office

Call to Order:
Richard Stewart called the meeting to order at 6:00 p.m.

Establishment of Quorum:
Board members present were Richard Stewart-President, Gerald Britton-Vice President, Kim Lucks-Secretary-Treasurer and Directors Don Drake, Bill Galloway and Jason Andersen. Kathy Watts represented Dragon Property Management.

Approval of Minutes from July 17, 2017:
Jerry Britton made a motion to approve the July 17, 2017 Board Meeting minutes. Don Drake seconded the motion and the motion passed by unanimous voice vote.

Financials Reports:
Financials:
Kim reported that the 2016 Year End Review has been received from the CPA. Reserves are being funded on schedule.
Budget Committee:
The committee will be meeting in August to begin work on the 2018 Budget. There’s a proposed increase in 2018 of 15% which will make the monthly assessment $178.00.

Old Business:
Roof update: The roof on Building E has been completed and the repairs to the other roof have been completed. Kathy reminded the Board and owners that the repairs are a “bandaid” and not everything the consultant recommended so it will not be warranted. The color of any shingles replaced will be the color of the new shingles on Building E and are as close as possible to what’s already there.
Railing update: We have received the one bid from Rock Roofing on one from Lightholder which are quite far apart. Rock Roofing has been requested to confirm their bid before the Board makes a decision.
Shuffleboard court repair: Kathy called NIDY Company and they will be scheduling the repairs.
Unit sales: Kathy reported that 3 units could be sold since the association has clear title to 2 of them and the 3rd just has a Titusville Utility lien of $623. The 3 units are being handled by Kirk Realty. Discussion ensued on whether it would be advantageous to replace kitchen cabinets, carpet and paint in the units if necessary in order to increase the selling price. Jerry Britton made a motion to upgrade the 3 units, if necessary, with cabinets, carpet and paint to increase the selling price accordingly with a cap of $4,000 per unit. Don Drake seconded the motion and the motion passed by a majority vote with Jason Andersen opposing.

The attorney reported that unit 3152 does not show a mortgage just 3 water liens so they will be instructed to proceed with paying the liens and putting the property in Camelot Residences name for a permanent office.

New Business:
Due to the hurricane the damage caused, Jerry Britton made a motion to remove all dead trees with a limit of $5,000. Don Drake seconded the motion and the motion passed by unanimous voice vote.

Next Board Meeting:
The next scheduled Board meeting will be Monday, October 9, 2017 at 6:00 p.m. in the on-site office.

Adjournment:
With no further business to discuss, Jerry Britton made a motion to adjourn the meeting at 6:35p.m. Richard Stewart seconded the motion and it passed by unanimous voice vote.

Respectfully submitted,
Kathy Watts
Kathy Watts, CMCA, LCAM
Dragon Property Management
Board of Directors, Camelot Residences Association, Inc.