Wyndham Club BOD Meeting Minutes

11-20-08

Meeting called to order at 7:19pm

In attendance: Sharon – President, Derek – Treasurer, Jason – Member at Large, Gayle Simon – Property Manager, Mike Yanoff – Maintenance

Jason made a motion to accept the September 17, 2008 meeting minutes, Sharon second the motion – accepted.

Presidents Report:

a. PTS to complete punch list items – TB: withholding payment until items are complete

b. Douglas Development will begin siding working on the 1271-1277 building on November 24, 2008

c. Parking lot asphalt improvements will be placed on hold until 2009

d. San Tropai – ongoing discussions re: master association, awaiting response from San Tropai’s BOD on removal of San Tropai as master association that manages the easement.

Treasurer’s Report:

a. September 2008

i. Barrington Bank Operating Ending Balance $ 19,158.73

ii. American Charter Bank – Reserve $127,689.92

iii. Barrington Bank & Trust – Reserve $ 10,187.26

iv. Barrington Bank & Trust – Loan Escrow $225,804.88

v. Total Cash Assets $382,959.87

b. October 2008

i. Barrington Bank Operating Ending Balance $ 34,041.41

ii. American Charter Bank –Reserve $127,934.30

iii. Barrington Bank & Trust – Reserve $ 1,179.28

iv. Barrington Bank & Trust – Loan Escrow $225,804.88

v. Total Cash Assets $388,959.87

Due to a glitch in the account software $9000 had to be transferred from the Barrington Bank Reserve account into the Operating Account. The money will be transferred back to the Reserve account before the end of the year.

Management Report:

a. Jason made a motion to approve the proposal from Millennium Professional Services to complete a compilation and the 2008 tax returns for $2050.00. Derek second the motion –accepted.

b. The Board approved the continuation of Chicagoland Pool Management contract for 2009 for the amount of $17,485.00.

c. The proposal from Triactic Mechanical Pool dehumidifier project was put on hold until the December 2008 meeting.

d. As of 11-10-09 of the 39 of the 47 entrances have been painted.

Open Floor:

a. Provided to the homeowners additional detail about San Tropai discussions

b. Mike noted that the gutter project has been completed

c. Mike has been conducting ongoing repair/review of stairwells for safety

d. Restated parking lot rules for snowfall

e. H.O. raised concern about property being removed (kayak) and will submit written statement.

New Business:

NONE

Old Business:

NONE

The meeting was adjourned at 8:06 PM, the Board went into executive session.