Wyndham Club Board Meeting Minutes

September 17, 2008

Call to order: 7:15 PM

Meeting adjourned: 8:16 PM

Attendees:

Board of Directors Present: Jason, Wally, Sharon

Hillcrest Property Management Associates: Gayle Simon, Michael Yanoff

1. Roll call

· Jason – Member at Large - Present

· Wally – Secretary - Present

· Sharon – President – Present

· Derek – Treasurer – Not present

2. Approval of June 16, 2008 minutes

· Motion to approve: Sharon

· Seconded by: Jason

3. President’s Report

· Siding: KSN drafting letter to PTS

· San Tropai Easement Agreement dispute is ongoing

4. Approval of financial statements (all as of Aug 2008)

· Operating Expenses = $27, 912

· Reserve (American Chartered Bank) = $127,435.18

· Reserve (Barrington Bank) = $10, 175.66

· Total cash assets = $196,913.77

5. Management Report

· Hallway painting – on schedule

· All outside intercoms have been installed

· Board ratified approval to hire Triatic Mechanical to test dehumidifier to determine whether it can be repaired or if it has to be replaced. Costs not to exceed $1,000.00

· Board ratified approval to prune all trees on the property & to remove 3 trees. Cost: $9,781.00

· Board accepted resignation of John Myung & voted to name Wally as Board Secretary

· Gayle to get additional bids from CPAs for 2008 reviewed financial statements

· Board approved expenditure for safety drain covers & safety vacuum release system. Installation required to be in compliance with new Federal Law: “Virginia Graeme Baker Pool & Spa Safety Act”

· Motion to approve: Sharon

· Seconded by: Jason

6. Open Floor

7. New Business

· Triatic Mechanical’s reports that the dehumidifier doesn’t work & needs to be replaced

8. Old Business

· None