The April 9 Board meeting was again reasonably well attended. All four current directors of the incomplete Board were present, as were Katie and Sue Besek from Stratus Management, as well as about eight owners. Most of the meeting was harmonious, but things got ugly toward the end. Treasurer Glenn Lyons had major taken offense at a recent letter by director Marius Ardeleanu asking (among other things) him to resign, and produced a lengthy and loud (and unprofessional) tirade to express his unhappiness. Despite the close vote at last year’s recall election, director Lyons still appears convinced that there are only a few owners (most of them foreigners) who are unhappy with how the Association has been managed in the last several years.
- Money matters: the reserves of the Association are still going up. We have almost $300,000 in checking and saving accounts, with another $33,000 in ‘accounts receivable’ (i.e. money the Association is owed). Treasurer Lyons will verify that the interest rate on the savings accounts is competitive.
- Owner Larry Harris stated that there appear to be communication problems for owners who try to reach the Board via the management company. Not all correspondence sent to the Board this way actually reaches them. He also pointed out that not mentioning next month’s annual meeting in the last newsletter was a major oversight.
- Owner Evita Beas mentioned that there is a proposed California law that will require all Board members to take a short real estate course starting next year.
- Owner Jerry Potts asked when the complex would be painted again. President Marilyn Dupree replied that any needed wood repairs have to be done finished first. In addition, it is unclear when there will be enough money for painting. A recent quote for painting the entire complex asked for $190,000.
- From the management report: the wood inspections around the complex are almost done, and bids to clean the gutters are being collected. We can expect work in these areas to commence in the near future. Similarly, some trees that are in danger of falling down will be removed.
- Next month’s annual elections will be handled largely by a separate La Jolla based company called The Inspectors of Election (check their web site for more information about them). [UPDATE: Another company, HOA Elections, is still in the running as well. See director Ardeleanu's comment below for details.] However, the initial envelopes will still be produced by our management company. California law states that the ballots must be mailed at least 30 days before the election (May 14), so all owners should be receiving their mail-in ballots this week. As in the past, owners can also vote in person at the actual meeting, or give a proxy form (and instructions) to another owner.
Posted by playmorterrace 