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Minutes of the
ASSOCIATION of PELICAN POINT Condominium Association

Pledge of Allegiance: The members saluted the flag and the meeting was Called to Order at 1 pm in the clubhouse.

Establish Quorum: Board president Randy Malecha, VP Glen Farnum, Secretary Jeanette Cullen, and Treasurer Terri Knapp were present. Director at Large Jim Bakos could not attend. Michelle Davis, CAM manager with Reconcilable Differences was also in attendance. Over 32 owners were present.

Approve Minutes of Last Board Meeting: Jeanette motioned to approve the minutes of the March 26, 2018 meeting as written. Glen seconded, all in favor. These minutes will be posted on the website and were already posted on the bulletin board.

Financial Report: Michelle stated that through March, the association has $196,215 in the Operating account and $276,957 in reserves. The association is $27,033 over budget due, still, to unreimbursed hurricane expenses. There are $3,097 in overdue unit accounts, on 4 accounts. The Association has been renting B302 while waiting for the bank to foreclose, but the renter has purchased another unit, so we are looking for a new long-term tenant.

Discussion and Approval of Special Assessment: At the last meeting, the board approved the use of Capital Marine Construction in Cocoa. Bill is currently obtaining all the needed permits and hopes to start the work in June. He says it will take 4 months, weather permitting, to get the work done. It will cost approximately $400,000. Terri motioned to approve a Special Assessment for the seawall replacement of $2,100.00 per unit. This will bring in $275,100. The additionally-needed $125K will be paid by using reserves. Terri motioned to use all the Seawall Funds, approximately $54,000, and Miscellaneous Building Components Reserves for the approximately $70,000 balance needed. Jeanette seconded the motion, all in favor. The payment will be due before June 30, 2018, or a payment plan must be requested before May 1st. There will be fees to pay slower, but without the written request and approval, late fees and 18% interest would be due.

Group Reports:
Building & Grounds: Randy reported that the B roof is completed and the C roof only has metal edging to be complete. The A/C unit walking paths on the roof are 100% complete. The painter was hired to use a lift to caulk all around the 2 buildings where the roof lifted, and while here, he also caulked around all upper windows. Roofer will be checking A Roof for tightness before leaving the property. Once the final payment is received, a final lien release will be obtained.

Social: No report given.

Owner Forum: A resident asked about the vinyl seawall material. The contractor brought a sample last week. It is in the clubhouse to look at. A van without a permit is parked in front of A building. Reminder notice will be posted. Resident asked why grass is not being watered much. Randy said we use city water and it costs thousands of dollars to water. Rainy season is coming soon.

Set Next Meeting: When needed, sufficient notice will be posted to have a board meeting, per Florida Statute 718.

Adjournment: There being no further business to transact, Glen motioned to adjourn at 1:13 pm. Jeanette seconded, all in favor.

Respectfully Submitted,
Michelle Davis
Michelle Davis, CMCA, AMS, LCAM #17226
Community Association Manager
Reconcilable Differences, Inc (4/18/18)