Minutes of the Board Meeting of
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
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
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
Board Approval of the
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.
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
Next Board Meeting:
The next scheduled meeting will be the Annual Meeting on January 28, 2015
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.
Kathy Watts, CMCA, LCAM
Dragon Property Management
Board of Directors, Hidden
Harbor Owners Association, Inc.