Summary
Regular Board meeting held October 10, 2019 at 7:07 PM. Four of five Directors present (Ankit Parikh, Secretary, absent). Notable personnel change at PSI: Julie Maggio attended as management representative — the first appearance of a new PSI contact, replacing Dan Grahn who had represented PSI through at least July 2019.
Primary actions: 2020 budget adopted at $68,805.09; Kramer Tree winter cleanup approved ($3,398.30); fence proposal from First Class Fence requested for Route 59 and Heritage Woods; additional landscape proposals requested.
Key Provisions
- Financial report as of August 31, 2019: Operating $46,356.76 / Money Market $50,386.60 / CD $174,160.99 / Total $278,629.93
- 2020 Budget adopted: $68,805.09 total cash required (+2.57% over 2019)
- Kramer Tree winter cleanup approved: $3,398.30
- Fence proposal requested from First Class Fence — Route 59 and Heritage Woods fence replacement
- Management asked to obtain two additional landscape proposals
- CD renewals due January — management asked to obtain rates
- Median signage (frontage road / North Ave) — information requested
Topics Covered
hoa-annual-finances, fence-regulations, vendor-contracts
Notable Details
- Julie Maggio (PSI) — first appearance as PSI management representative, replacing Dan Grahn. Dan Grahn’s last confirmed attendance was July 2019. See property-specialists-inc.
- First Class Fence — first appearance as a fence vendor; requested to quote Route 59 and Heritage Woods fence replacement.
- 2020 budget $68,805.09 — earliest confirmed annual budget total in the ingested record. 2.57% increase over the prior year implies the 2019 budget was approximately $67,082.
- No Old Business items carried forward from July 2019 — drainage/pond and Cemcon LTD matter not mentioned at this meeting.
- Parikh absent for third consecutive ingested meeting (April 2018, July 2019, October 2019).