Kings Park West Community Association
Board of Directors Meeting Minutes
November 9, 2016
Board Members in Attendance: Nancy Grant, Maureen Pettis, Mark Heppner, and Jim Bovino
Meeting called to order: 7:41 p.m.
Approval of October Meeting Minutes: Approved with edits 4–0.
Treasurer’s Report: October financials reflected the following: one CAB Operating Account with a balance of $25,972.40; two general fund CD's with balances of $5,357.01 and $5,344.54; one Reserve Study CD with a balance of $18,616.64; Other Current Assets with balances of $5,746.94 (Accounts Receivable - $5,444.48; Interest Receivable - $1.27; Prepaid Expenses - $301.19); bringing the total assets to a balance of $61,037.53.
· Commonwealth/Sideburn Wall Maintenance – Board will deposit $500 into Reserve Study CD. Vendor selected by the Board to beautify KPWCA common property has completed repointing the brick wall at northeast corner of Commonwealth and Sideburn.
· Tree Hazards – Board selected bid from a vendor to drop trees posing a hazard to properties along Collingham Drive and Nantucket Court.
· Annual Assessments – Board will again remind Burke Community Management Group to correct the financial record of a homeowner who paid a delinquent assessment; Board will remove the lien it placed on the home.
Hearing no further business, the meeting adjourned at 8:33 p.m.