Wednesday’s Board meeting was not as well attended as some of the more recent ones, but there were at least ten owners present, in addition to all five Board directors and three representatives from the resigning management company: our community manager Sean DeFreitas, CEO Adrian McKibbin, and recording secretary Samantha Kollman. Interestingly, the owners were well behaved this time, but the directors got involved in a few unpleasant discussions among themselves. In particular, director Cathy McVey seems to have developed an intense dislike for her recently elected colleague, Marius Ardeleanu.
As for actual association business, several topics came up:
- Our new management company is Stratus Management. No further information was provided about the company, its community manager(s), or how the transition is going to take place (e.g. where to send the checks), so we may have to wait until September 1 before we find out more. The company appears to have a web site at www.stratusmanagement.com that is worth looking at for its old-school design.
- The financial status of the association remains a reason for grave concern, as neither the ongoing special assessment nor the increased dues were able to contribute much to the reserves. The total assets at the end of July were $177,635 with most of the unanticipated expenses due to legal fees – treasurer Glen Lyons stated that the legal expenses in July alone were more than $11,000! One long-time owner pleaded for more information about where the money is going and how to read the annual audit that was recently mailed out, but the Board preferred to discuss the following topic at length.
- The paving project has been completed. All present agreed that AMcKibbin&Co and Sean DeFreitas in particular deserve our gratitude for bringing closure to a project that started many years ago and required mediation to resolve. Some owners didn’t follow the directions and parked their cars in their spots too early. They will get to enjoy the resulting tire marks for years to come.
- We don’t have a treasurer. The Board chose new officers: Marilyn Dupree was re-elected unanimously as president; Sam Goldberg was elected as vice-president; and Cathy McVey as secretary. The office of treasurer, however, was declined by both Glen Lyons as well as Marius Ardeleanu and remained unassigned at the end of the open session. If neither director can be convinced to change their opinion, the Board could ask for a volunteer owner to become treasurer. Our association’s Bylaws state quite clearly that officers need not be directors and vice versa.
If you are wondering about the recall meeting that was requested … the Board did not discuss the issue. It will be interesting to see how the owners behind the recall proceed in the near future. California Corporations Code Section 5511 (c) states that a Board must announce when and where the meeting will be held within 20 days of receipt of the official request. Failure to do so allows the requesting owners to organize their own meeting or to ask a court to do so.
Posted by playmorterrace 