BAY COLONY CLUB - "GRATUITY" MYSTERY DESTINATION

We believe that the hard working employees of Bay Colony Club certainly deserve holiday bonuses.  

Before writing a check however, it would be nice to know who gets a bonus and how the amount for each employee is calculated.

Two email requests for this information were addressed to our manager and remain unanswered.

There was, at one time, a formula calculated based on length of service and base pay.  I believe that bonuses were only distributed to hourly employees.  While we don't have the exact details, this seemed a fair way to distribute the money.

We are reluctant to contribute to the bonus fund unless detailed information on its distribution is made available first.  Sort of like contributing to a charity which may be using most of the money for administrative costs......  What are your thoughts on this?

BAY COLONY CLUB REALTY REPORT AS OF 11/30/11

Total # 2 BR for sale:  12

High         $299,990
Low          $154,900
Median     $194,995

Sold 2 BR YTD:  17
                                     LP/SP*         Days on Market
High         $215,000          89%                    33
Low          $105,000           75%                   10
Median     $160,000           90%                    73


Total # 1 BR for sale:  0
High       $ NA
Low        $ NA
Median   $ NA

Sold 1 BR YTD:  8 
                                        LP/SP*         Days on Market
High:      $95,500                97%                      365
Low:       $80,000                82%                         6
Median:  $ 85,000               91%                        33

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid.

Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty, 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com

BAY COLONY CLUB NOV 23, 2011 CLOSED BOD MEETING - QUESTION

CLOSED?  

Does this mean we are being sued again?

Why meet in Highland Beach?

Is the sky falling, or what?

BAY COLONY CLUB NOV 15, 2011 BOD MEETING - SYNOPSIS

Special Meeting of the Membership:  45 residents attending.  Total votes on reserves: 385;  Voting against: 374;  Voting for 11  Reserves waived for 2012.  Special meeting adjourned 7:04.

Board Members Attending: Paul Barros, Bill Brady, Joyous Burkart, Bud Lauer, Malachy Smith

Board Members Absent: Danielle Harrell Recovering from hip surgery)

Miscellaneous Other Attendees: Coleen, BCC Manager

BCC Owners Attendees: 45 (est.)

November 2010 Minutes: Reading waived and minutes unanimously approved.

2012 Budget: Brady’s proposed 2012 budget called for quarterly maintenance payments of $973.  Discussion on legal fees being budgeted being too high. 

Motion made to reduce seawall budget from $90,000 to $40,000 and do only 100 feet of canal seawall repair.  Yes: Barros, Burkart, Lauer, Malachy; No: Brady.  Motion passed.

Quarterly maintenance payments for 2012 to be $954

Meeting adjourned at 8:47

Many thanks to Bev Houston for providing meeting facts.

 

NOTES:  Anyone know what the increase in total seawall costs will be by requiring the barge and crane to return again?  How does that compare with the $19 a quarter shaved from 2012 maintenance? 

All corrections and comments would be appreciated

BAY COLONY CLUB REALTY REPORT - OCTOBER 31, 2011

Total # 2 BR for sale:  14

High         $299,990
Low          $169,900
Median      $195,000

Sold 2 BR YTD:  17     LP/SP*         Days on Market
High         $215,000          89%                33
Low          $105,000           75%              10
Median    $160,000           90%               73

Total # 1 BR for sale:  1
High        $93,900
Low         $93,900
Median   $93,900


Sold 1 BR YTD:  8          LP/SP*         Days on Market
High:    $95,500                97%                      365
Low:      $ 80,000                82%                      6
Median:  $85,000                91%                    33

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid
.
Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com

BAY COLONY CLUB OCT 20, 2011 BOD MEETING - SYNOPSIS

Board Members Attending: Paul Barros, Joyous Burkart, Bud Lauer, Malachy Smith

Board Members Absent: Bill Brady, Danielle Harrell (Hip Surgery)

Miscellaneous Other Attendees: Coleen, BCC Manager

BCC Owners Attendees: 3  7 (est.)


Approve Minutes:  August 15 minutes read.  Approved unanimously.

Presidents Message:  In Treasurer's absence there would be no Treasurer's Report.  After consultation with BCC attorneys Lauer called for volunteers for a "Financial Investigatory Committee".

Manager's Report:  See BCC official web site.

Unfinished Business:
Proposed Budget- Due to absence of Treasurer no discussion of budget proposed was held.  Audience was asked for input on the proposal


New Business:  
Rec 4 Roof Replacement - Additional bids less than Deck-Tite's $6,279 to be considered.  Unanimously approved
Engineering Proposal for Pool Drains -  Engineering services, not tied to pool repair companies will be solicited to provide drawings.  Cost not to exceed $5,200.  Yes: Burkart, Lauer, Smith  No: Barros   Motion passed.
Security Contract - An out-source security firm will be selected from among the four bids received.  Yes: Barros, Lauer, Smith  No: Burkart  Motion passed.

Meeting adjourned at 7:10.

Note:  What's with our Treasurer?  He can't make it to the board meetings or even call in, and is the only BOD member with access to info from the bank.  However, he is apparently working hard to replace our accounting firm.  Anybody know what's up with this?

Many thanks to Bev Houston for providing meeting facts.

 

All corrections and comments would be appreciated

BAY COLONY CLUB REALTY REPORT 9/30/11

Total # 2 BR for sale:  12

High         $299,990
Low          $170,000
Median      $199,995

Sold 2 BR YTD:  16      LP/SP*         Days on Market
High         $215,000          89%                33
Low          $131,000           75%                 10
Median    $160,000           90%                    73

Total # 1 BR for sale:  0

Sold 1 BR YTD:  8          LP/SP*         Days on Market
High:    $95,500                97%                      365
Low:      $ 80,000                82%                      6
Median:  $85,000                91%                    33

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid
.
Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com

BAY COLONY CLUB - A FINANCIAL MYSTERY

How long has it  been since a financial report has been available for our association?

Nine (9) months!

Why?  

What has our money been spent on?  

Why hasn't our Board of Directors acted?

BAY COLONY CLUB REALTY REPORT 8/31/11

Total # 2 BR for sale:  9
High         $299,990
Low          $189,000
Median      $219,500

Sold 2 BR YTD:  14      LP/SP*         Days on Market
High         $215,000          104%                33
Low          $131,000            105%                 11
Median    $160,000           90%                    80

Total # 1 BR for sale:  0
High       $ 98,500
Low        $ 80,000
Median  $ 89,250

Sold 1 BR YTD:  7           LP/SP*         Days on Market
High:    $95,500                97%                      65
Low:      $ 80,000                89%                      6
Median:  $87,500               92%                    36

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid
.
Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com

BAY COLONY CLUB CONDO - SOME QUESTIONS

Why:

1. Were all BCC's committees disbanded?
2. Have there been no Financial Reports?
3. Isn't the BCC official web site providing links to Financial Reports, minutes of BOD meetings, etc?
4. Are owners' email addresses (obtained at great effort and expense) not being used by the office to distribute agendas, financial reports, etc.?
5. Haven't updated Rules & Regulations been printed and released?
6. Are BCC owners putting up with another stealth board?

BAY COLONY CLUB CONDO - BLOG COMMENTS

The comments many blog readers have been making to blog articles have been straying further and further from the topic of the articles.   Some anonymous contributors have used the blog comments feature to publish personal attacks on other BCC owners while ignoring the topic of the blog article.  Totally unsubstantiated allegations of illegal kickbacks, arson and various immoral and unlikely acts have been received.

The blog is maintained as an informational source for readers and a platform for publishing concerns and complaints about BCC and BCC's operation.  Comments which are anonymous or use an alias and contain personal attacks or unsubstantiated allegations will no longer be published.

If you want to malign a neighbor or accuse somebody of a crime, sign it with your name.

BAY COLONY CLUB CONDO VS HURRICANE IRENE

Well, here we are, early in the hurricane season and square in the sights of Irene, a potential category 4.  Perhaps this and prior Boards of Directors should start explanations now about why they wasted time on trivia and personal agendas and vendettas instead of replacing our rusted out roof edge fasteners? 

Come on guys, there has to be some lame excuse for spending time on firing people for not adequately kissing the hem of your robes or the deep concern and time spent deciding exactly where and when the Bay Colony Club mutts poop?  Exactly what size should those garden bird houses be?

Or maybe they'd all be better off going into hiding?

  

AND ANOTHER ONE BITES THE DUST - SHEILA FIRED

In the twenty plus years your blogger has lived in Bay Colony Club, the office personnel has come and gone with bewildering rapidity.  Perhaps some blog readers can help us out here:

1. Why can't Bay Colony Club attract and hold on to competent office help?
2. Are we looking at anoher law suit resulting from this termination?
3. If directors' liability insurance won't defend an illegal action, who pays?
4. Was this action justified and reasonable?  
5. What's the general consensus among the board and owners?

Let's have some (civil) comments and discussion on this please.  Thanks for speaking up.

BAY COLONY CLUB REALTY REPORT 7/31/11

Total # 2 BR for sale:  9
High         $299,990
Low          $169,900
Median      $200,000

Sold 2 BR YTD:  14      LP/SP*         Days on Market
High         $215,000          104%                33
Low          $131,000          105%                11
Median     $160,000           90%                  80

Total # 1 BR for sale:  2
High       $98,500
Low        $80,000
Median   $89,250

Sold 1 BR YTD:  4           LP/SP*         Days on Market
High:    $95,500                97%                      65
Low:      $80,000                89%                      6
Median:  $91,000                94%                    139

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid
.
Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com