Hidden Harbor

Minutes of the Board Meeting of the
Hidden Harbor Board of Directors
On November 20, 2014, in the onsite clubhouse @ 6pm


Call to Order:  
Bill Allen called the meeting to order at 6:00 p.m. 

Establishment of Quorum:
Board members present were Bill Allen-President, Mary Dillon-Vice President, Sam Bovalino-Treasurer/Secretary and Directors Frank Carotenuto and Richard Marquis.  Directors Butch Graafeiland, Bob Philbrook and Ken Lewis were not able to attend Kathy Watts represented Dragon Property Management.  

Proof of meeting notice:  Kathy stated that the meeting notice was mailed to all owners and properly posted.

Approval of Minutes from October 30, 2014 Board Meeting:
Richard Marquis made a motion to approve the October 30, 2014 Board Meeting minutes as written.  Frank Carotenuto seconded the motion and the motion passed by unanimous voice vote.

Financial Report:
Sam reported that as of October 31, 2014 the Association has $24,352.62 in the Operating account and $283,268.79 in Reserves.  The Association is in good shape and all bills are paid.  One unit is having a lien filed.  Frank Carotenuto made a motion to approve the financial report.  Mary Dillon seconded the motion and the motion passed by unanimous voice vote.

Discussion from audience regarding the 2015 Budget:
Questions from the owners were answered.   

Board Approval of the 2015 Budget:
Mary Dillon made a motion to approve the 2015 Budget as presented.  The fees will be $381 for a 2 bedroom and $430 for a 3 bedroom.  Frank Carotenuto seconded the motion and it passed by unanimous voice vote.  

Unfinished Business:
Door Update: Bill reminded those present that the door project was approved and one building per month will have their doors replaced starting with Building 7 in January.  Kathy stated packets with the door schedule have been mailed to all owners and that LB Drywall is lined up to repair the stucco around the doors after installation.

New Business:

Announcements:

Next Board Meeting:  The next scheduled meeting will be the Annual Meeting on January 28, 2015 at 6:00pm.

Adjournment:
With no further business to discuss, Mary Dillon made a motion to adjourn the meeting at 6:10 p.m.  Sam Bovalino seconded the motion and it passed by unanimous voice vote.

Respectfully submitted,

Kathy Watts
Kathy Watts, CMCA, LCAM 
Dragon Property Management
Board of Directors, Hidden Harbor Owners Association, Inc.