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MINUTES of the
Village Square of Titusville Condominium Association, Inc.
Board Meeting
Thursday, September 27, 2018

Call to Order: The meeting was called to order at 4:00 pm.

Establish Quorum of Directors: Board members present were President Betty Conant and Vice President Dennis Filler. Directors Bernie Franczyk and Dennis Lee attended by speakerphone. Secretary Donna Tidwell and Director Felecia Cardone were not present. Michelle Davis from Reconcilable Differences, and 8 residents also attended the meeting.

Approval of Minutes from March 8, 2018 Meeting: Betty made a motion to approve the minutes of the March 8th Board Meeting. Dennis seconded, all were in favor.

Financial Report: Michelle reported that there is about $106,000 in the Operating Account and $407,597 in the Reserve Accounts. Year to date, the Association is under budget $14,962.

Collection Accounts: Michelle stated that one account is in serious arrears. Unit #150 owes $1750 and has been sent many letters and emails asking to set up a payment plan. He refuses that and sends money sporadically, so management recommended sending to the collection company, Alliance. The board members all agreed.

Sunrise Bank also has a new CD paying 2% per year, and money can be deposited into or taken out on a monthly basis, so it really works like a money market. The board agreed to put $140,000 into this new account for 12 months

Resignation of Board Treasurer: Treasurer Al Flotre had to resign from the Board of Directors because he sold his unit, leaving an opening on the Board. All were appreciative of Alís help while he owned at Village Square.

Appointment of New Board Member: Ann Ward, a new owner at Village Square, has ten yearsí experience as a church Treasurer in Texas, and is willing to fill this position until the next Annual Meeting. Betty motioned to appoint her, Dennis seconded, all in favor.

OLD BUSINESS: None

NEW BUSINESS:
Pool Furniture Repairs: Betty noted that the pool chairs had ripped fabric, and the lounge chair rubber was discolored, so all pool furniture was reupholstered. Betty also ordered 6 more chairs and a table, all of these to be paid from Pool Reserves if needed, but with the current budget being under budget, the funds are available.

Approve Draft Budget to Mail to Owners: Betty said the draft budget again shows no increase to the monthly fee, for the 9th year in a row. Dennis Filler made a motion to mail the draft budget to all owners. Dennis Lee seconded, all were in favor.

Next Meeting Date: The next meeting, to approve the 2019 budget, will be held on November 8th at 4pm. The draft budget will be mailed to all owners and they can ask questions at the meeting before the board makes their final motion to approve a budget.

Owner Input: A resident asked if a bike rack could be placed in the locked pool deck area to keep bikes more safe. The board agreed and this owner will get details on appropriate bike racks.

A resident asked if the association cleaned the stairwells. Betty stated that owners should clean up their own spills, but that the association should clean them on a regular basis, such as quarterly. Joe Biggi will be asked to do this on a trial basis and then we will put more information in the next newsletter. Another resident asked that we put new resident info in the newsletter so they can be welcomed.

Adjournment: There being no further business to transact, the meeting was adjourned at 4:15 pm.

Respectfully submitted,

Michelle Davis, CMCA, AMS, CAM #17226
Community Association Manager
Reconcilable Differences, Inc.
(3/25/18)