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

BAY COLONY CLUB JULY 25, 2011 BOD MEETING - SYNOPSIS

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

Board Members Absent: Bill Brady, Wilbur Bullock

Miscellaneous Other Attendees: Coleen, BCC Manager

BCC Owners Attendees: 27 (est.)

Bullock Resignation from Board:   Bullock’s letter of resignation from Board  read.

Election of Officers::  Bud Lauer, President; Malachy Smith, Vice President.  Elected unanimously.

Meeting adjourned at 7:10.

Many thanks to Bev Houston for providing meeting facts.

 

All corrections and comments would be appreciated

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