| ANNUAL MEETING and ELECTION Sunday, June 13, 2010 Lakeside Lounge Following Annual Meeting/Election procedure, there was discussion as follows. While the votes were being tallied, Jim Walsh recapped the capital projects that have been completed recently. Jim discussed 6 roofs, 4 decks, 7 staircases. There are more staircases either in progress, or slated to be done still this year. Much of this work has been on an emergency basis, and is still being done on a priority basis. There are decks remaining that have not been replaced, but some restoration is being planned to prolong the life of them. The office roof will also likely be done this year, along with some in-house work on the beach stairs. There are other things being considered in addition to the items mentioned. Judy Cash asked why she had to pay for repairs to the upper lakeside balcony to minimize leaking into her enclosure, when there was work planned to be done. The Board explained to Judy that the work being planned is for the roadside balconies, not the lakeside. The Board also explained to the group that we are not responsible for water problems on the enclosure. Sylvia Colbey asked about the status of the pool repairs. Jim Walsh explained that a contract had been signed with Beauty Pools in Buffalo, for the work to be done by June 15. The work has not started yet, so clearly it will not be done by the agreed upon date. A call will be made to the contractor tomorrow to see what the plan is. Alice Seydel asked if it could be used before the work is done and do the work after the summer season is over. Elmer explained that it is too dangerous. John Elliott asked about landscaping/bushes on the roadside of D building. He said they have been looking poor for two years, diminishing the appearance of the entire building. Mr. Elliott would like the bushes removed and replaced. There are two units in the building for sale, and the bushes are probably hindering the sale. Mr. Elliott also commented on the note he received in his door from someone interested in painting the window trim. Betty Connell asked about the piles of metal near the boat parking area. She suggested that it could be sold and used for cash. Nick said that the old railings have come from the old balconies. Jim Walsh said at one point we were holding onto them in case we needed them, but at this point, we can look into getting rid of it. Joanie Morton asked which staircases might be planned for next. Larry said that P is currently underway, and that later in the summer, we will evaluate those that are left and do them in priority. Jim elaborated a bit more. Joanie asked if the straight staircases are substantially less to do. Joanie asked for a clearer picture of what is being planned. Jim Walsh explained that we won’t be doing much more work during the summer months, so September is when more will continue. Also, there are more projects that need to be done than there is money. In addition, we don’t want to spend down the reserves so far that if another balcony fails, that we won’t have the funds to do it. Joanie also asked about the office apartment and if there is some work that can be done to make that more appealing. Dave Conroe commented that the building code is going to change this fall, and that more substantial wood is going to be required. He suggested that perhaps that project be done soon before the new requirements take effect. Jim Walsh said that we have some money so that maybe we should do it now, while it is unoccupied. He said we’ll get some updated quotes and try to get that moving. Alice Seydel commented that the cleaning and improvements to the work-out area are nice. She is concerned about the safety in the work-out area, and the air quality in the room. Adele explained that we will be looking into our insurance company’s recommendations are, and seek advice from our attorney about what we should have posted such as : “Exercise at your own risk”, etc. in the room. Joanie Morton asked about the lintels above the windows in the Lounge building. Jim Walsh responded that that is something on our list of projects. Joanie thought that some maintenance would take care of it. Joanie thought she and Jim were talking about two different things. Sylvia Colbey asked about the status of the light on her building to light up the stairs. Nick and the Board explained that the contractor will be coming back to revise the quote and install a new light on the soffit. Jean Stebell said that her committee was discussing how much they are responsible for when it comes to replacing chairs, tables, etc at the pool. The girls asked if some chairs could be put out by the pool. Nick said that because the pool is empty and lots of cords, etc around, it is not safe to have people walking around it now. Adele said that we need to find a place for people to sit in the sun. Nick suggested the pool-side park was created. Bob Morton asked why the mowing equipment was being stored outside. Nick explained that it was better for the equipment to be stored outside. In addition, there is no space for it to be inside at this time. Sue Mapston said that they recently came back from Utah, they walked the grounds, and everything looks wonderful. Janet Greene thanked Larry and Laura for the great job they have done the last several years. She also announced that the Edgewater lawn sale will be next Saturday, and that items can be dropped off this week. Jim Parks and Ann Carden were elected to the Board of Managers. Larry thanked everyone for coming. The meeting was adjourned at 4:50pm |
| EDGEWATER BUDGET FOR 2010 INCOME MAINTENANCE FEES $ 291,446 GRAPES $ 1,500 LAUNDRY $ 3,500 STORAGE $ 6,000 VEHICLE STORAGE $ 1,000 H/O REPAIR $ 1,000 MISC. $ 500 APARTMENT RENTAL $ 6,600 RENTAL PROGRAM $ 6,500 INTEREST CD $ 2,000 INTEREST MM $ 1,000 INTEREST CHECKING $ 50 TOTAL INCOME $ 321,096 EXPENSES: DONATIONS/DUES $ 500 EMPLOYEE MILEAGE $ 1,000 H/O REPAIR $ 1,000 INSURANCE LOSS DED. $ 2,500 MISC. $ 500 OFFICE SUPPLIES $ 2,100 OFFICE EQUIPMENT $ 0 POSTAGE $ 900 TAXES- STATE $ 500 TAXES- FEDERAL $ 100 TOTAL ADMINISTRATIVE $ 9,100 FEES: ACCOUNTING $ 1,200 ATTORNEY FEES $ 1,000 INSURANCE $ 35,000 TOTAL FEES $ 37,000 UTILITIES: ELECTRIC $ 13,000 REFUSE REMOVAL $ 4,000 SNOW REMOVAL $ 3,500 TELEPHONE $ 2,800 CABLE $ 200 WATER $ 11,000 WWTP $ 5,500 TOTAL UTILITIES $ 40,000 MAINTENANCE AND REPAIR: BUILDING MAINTENANCE $ 10,000 CLEANING $ 300 GROUND MAINTENANCE $ 6,000 MACHINE $ 2,500 POOL EXPENSES $ 2,000 SOCIAL AND RECREATION $ 500 ROADS $ 4,500 TOTAL MAINTENANCE & REPAIR $ 25,800 PAYROLL: OFFICE STAFF $ 29,400 MAINTENANCE $ 27,600 EXTRA MAINTENANCE $ 20,000 IRA- COMPANY CONTR. $ 1,500 HEALTH INSURANCE $ 2,500 PAYROLL TAXES $ 10,500 TOTAL PAYROLL $ 91,500 RESERVES: (specific projects TBA) TOTAL RESERVES $ 117,496 TOTAL EXPENSES: $ 321,096 |
| We’ve had a couple of units damaged due to water leaks in the last month. PLEASE, PLEASE, PLEASE turn your water OFF if you are leaving Edgewater for more than a day! The Board will be discussing potential ideas for reducing our liability where this damage is concerned. It is costly to everyone, and something as simple as turning your water off could reduce these costs and inconveniences for your neighbors. Thank you for your attention to this very serious matter. |
| Please test your smoke detector to make sure it is functioning properly! |
Resident Information
Edgewater Condominium Association
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