Summary
Regular Board meeting held November 14, 2019 at 7:08 PM. All five Directors present — the first full-attendance meeting in all ingested 2018–2019 records. Julie Maggio / PSI managing.
Two substantive actions: (1) Route 59 fence replacement from First Class Fence approved at $42,360.00 — a significant capital expenditure. (2) 2020 Budget formally adopted at $62,080.09 — note this differs from the $68,805.09 figure recorded in the October 2019 minutes; the November figure is the formal adoption and is treated as authoritative.
Key Provisions
- Route 59 fence removal and replacement: First Class Fence quote of $42,360.00 approved
- 2020 Budget formally adopted: $62,080.09 total cash required
- CD renewals maturing January — additional interest rate information still being gathered
- Financial reports for October 2019 approved as unaudited statement (no figures provided in minutes)
Topics Covered
hoa-annual-finances, fence-regulations, vendor-contracts
Notable Details
- Full board attendance — all five Directors present; Ankit Parikh present after three consecutive absences in ingested 2019 records.
- Route 59 fence: $42,360.00 — largest single capital expenditure recorded in 2018–2019 ingested minutes. First Class Fence selected. See fence-regulations.
- Budget discrepancy: October 2019 minutes recorded the proposed 2020 budget as $68,805.09; this meeting’s formal adoption is $62,080.09 — a $6,725 difference. The October figure may have been a preliminary draft. The November adoption figure is treated as authoritative. See hoa-annual-finances Open Questions.
- Julie Maggio (PSI) confirmed again as management representative.