BAY COLONY CLUB JULY 21, 2011 BOD MEETING - SYNOPSIS

Board Members Attending: Paul Barros, Wilbur Bullock, Joyous Burkart, Danielle Harrell, Bud Lauer, Malachy Smith

Board Members Absent: Bill Brady

Miscellaneous Other Attendees: Colleen, BCC Manager

BCC Owners Attendees: 26 (est.)

Agenda Amendment:  Agenda amended to consist of 6 rather than only 1 item.  For amending: Barros, Burkart, Harrell, Lauer, Smith   Against: Bullock

JUNE 16, 2011 Minutes: Read, amended and approved

President’s Report:  Saundra Zubko and Rochelle Bisaillon added to Interview Committee.

Treasurer’ Report:  Treasurer Brady absent, no report given.(Some discussion over lack of regular financial reporting.)

COMMITTEE REPORTS

Interview:  3 sales, 3 leases and 5 second occupants.  (Present total number of renters a mystery to management and BOD.)

OLD BUSINESS

Agenda Items: Three BOD signatures required three days before agenda posting (48 hours prior to meeting) to set agenda items.  Unanimously approved.

Rules & Regulations:   No progress on update due to no input from Brady.

NEW BUSINESS (Added Agenda Items)

Security:  A general discussion of security items, including dock and seawall work in progress; barricades and safety lights.  No motion made or resolution.   

Leasing/Purchasing Forms & Procedures:   No motions and no resolution.

Rules & regulations:     No motions and no resolution.

Landscaping:  No motions and no resolution

Comcast:  Manager to check on Comcast providing closed circuit TV channel(s).

Meeting adjourned at 9:00. .

Open Forum

Many thanks to Bev Houston for providing meeting facts.

 

NOTES:  This meeting was a total waste of time for BOD members and owner attendees.  WHAT WAS ACCOMPLISHED?   HOW ABOUT SOME LEADERSHIP?

(1) STILL no open forum as part of the meeting agenda.  Unless the open forum is on the agenda and is conducted and recorded as part of the official BOD meeting it is a frivolous waste of time. 

(2) STILL no updated Rules & Regulations.  The U.S. Constitution was written and approved in less time.  LET’S GET ON WITH IT FOLKS!

All corrections and comments would be appreciated

BAY COLONY CLUB REALTY REPORT 6/30/11

Total # 2 BR for sale:  9
High         $299,990
Low          $189,000
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:  4
High       $ 99,990
Low        $ 89,900
Median  $ 90,000

Sold 1 BR YTD:  3           LP/SP*         Days on Market
High:    $95,500                97%                      65
Low:      $ 89,500                93%                      6
Median:  $ 92,500                96%                      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 JUN 16, 2011 BOD MEETING - SYNOPSIS

Board Members Attending: Paul Barros, Bill Brady, Wilbur Bullock, Joyous Burkart, Danielle Harrell, Bud Lauer, Malachy Smith

Board Members Absent:

Miscellaneous Other Attendees: Coleen, BCC Manager

BCC Owners Attendees: 30 (est.)

April 21, 2011 Minutes: Reading waived

May 11, 2011 Minutes: Read and approved

President’s Report:  (1) Port Royale plans.  (2) Open forum may be re-instituted as part of BOD meetings although there will be no board response to, or input on items brought up by owners.

Manager’s Report:  See BCC web site.

COMMITTEE REPORTS

Interview:  Russ Parrot retiring, Mary Frissora assuming Chair.

Long Term Capital Improvement:   Gordon Houston discussed seawall repair, roofs, balconies and swimming pool gravity tank installation.  Board approved contacting vendors to get quotes

Landscape:  Joyous Burkart reported progress on hedge replacement and other items.

Dock Master:  Jim Gordon reported on rusting of new transformers and a couple of rules violations.  (BCC office to follow-up on rules violations.)

OLD BUSINESS

Approval of Rules & regulations: Tabled.  (For tabling; Brady, Bullock, Burkart, Lauer, Smith.  Against tabling Harrell)

Tree Trimming:  Hurricane trimming contract for $16,900 approved unanimously.

NEW BUSINESS

Agenda Setting Form/Policy: A form for the use of Board members to place an item on the next meeting agenda.  If signed by any 3 BOD members, the item must be placed on the next agenda.  Passed.  (For: Barros, Burkart, Harrell, Lauer, Smith.  Against: Brady, Bullock)  

Request Form for BCC Action: A multi-purpose form to be used as a work order, request, complaint, etc.  Approved unanimously

Increased Landscaping Expense:  Motion to provide an additional $3,000 for landscaping. (replace exit road shrubs seawall repair areas, building hedges).  Failed.  (Against: Barros, Brady, Bullock, Smith.  For: Burkart, Harrell, Lauer)

Meeting adjourned at 9:15. .

Open Forum - Held after adjournment

Many thanks to Bev Houston for providing meeting facts.

 

NOTES:  (1) STILL no open forum as part of the meeting agenda I see.  Unless the open forum is on the agenda and is conducted and recorded as part of the official BOD meeting it is a frivolous waste of time. 

(2) STILL no updated Rules & Regulations.  The U.S. constitution was written and approved in less time.  LET’S GET ON WITH IT FOLKS!

All corrections and comments would be appreciated

BAY COLONY CLUB REALTY REPORT 5/31/11

Total # 2 BR for sale:  9
High         $299,990
Low          $189,000
Median      $200,000

Sold 2 BR YTD:  11      LP/SP*         Days on Market
High         $215,000          104%                33
Low          $131,000            105%                 11
Median    $150,395           90%                    32

Total # 1 BR for sale:  4
High       $ 99,000
Low        $ 89,900
Median  $ 92,500

Sold 1 BR YTD:  3           LP/SP*         Days on Market
High:    $95,500                97%                      65
Low:      $ 89,500                93%                      6
Median:  $ 92,500                90%                      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 - ON A HAPPIER NOTE

Great Food 

Excellent Service

Very Reasonable Prices

Huge Portions  

Nice Ambiance

Nearby

What more could you want?

Try it.  You'll love it.

This is an unsolicited and unpaid for plug.  If you find I'm right, drop a buck in the Tip Jar.

BAY COLONY CLUB CONDO - BREAKING NEWS!

There are two matters of interest circulating through the BCC whisper cloud:

1. Re-establishing an official BCC Newsletter, and;
2. Increasing dockage fees.

There can be no question that a news letter is a splendid idea.

Increasing dockage fees has, so far, been a matter of opinions with no dollar and cents facts or cost/benefit analysis.  All parties involved would do better to suspend the windy declamations and do some research.

In any case, our roofs still hang on by a few rusty nails and the Board of Directors slumbers on...  along with most BCC owners.  WELCOME TO HURRICANE SEASON! 

BAY COLONY CLUB REALTY REPORT AS OF 4/30/11

Total # 2 BR for sale:  12
High         $299,990
Low          $189,000
Median      $204,995

Sold 2 BR YTD:  105      LP/SP*         Days on Market
High       $215,000              104%                    33
Low        $131,000              109%                    11
Median    $146,198               90%                    44

Total # 1 BR for sale:  13
High        $90,000
Low        $90,000
Median    $90,000

Sold 1 BR YTD:  3           LP/SP*         Days on Market
High:      $95,500                97%                      365
Low:       $89,500                93%                          6
Median:   $92,500                90%                        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