BOARD OF GOVERNORS MEETING
MINUTES
Thursday,
November 1, 2001
Tournament
Players Club
President Larry Molina
called the meeting to order at 6:55 p.m. Those
present for quorum being, Jerry Bloch, Larry Molina, Ruth Landler, Mickey Berk,
and Hal Menchel.
Absent: Ira Josephson
Goldman & Juda:
Carol Eskew
Attorney: Steve
Weinberg
Management: Lou
Brawer
Mr. Molina opened the
meeting by stating that this meeting is a workshop for the Board to hear a
presentation by our attorney and accounting firm on funding possibilities for
the Clubhouse project that the Board has been requested to study. The Molina
began by reading a statement that stated that the community is in good financial
health and that the Board is looking for something that will define this
community in the years to come. Mr. Molina ended his statement by saying that
this Board will not move forward on this project until the community is fully
informed and given an opportunity to say whether they want it or not.
The floor was then turned
over to Carol Eskew from Goldman and Juda who presented eight different funding
scenarios for the building’s construction. Each scenario was gone over in
great detail. COPIES OF THE SCENARIOS ARE AVAILABLE IN THE MANAGEMENT OFFICE.
Ms. Eskew stated that they
were not ready to present a proposed Operating Budget since they were not sure
what would be included in the building or what the staffing needs would be.
Mr. Weinberg addressed the
Board on his experience with other communities both from the Operating side and
also the funding side. He also addressed a question of a user fee for those who
use it. He stated that the building will be the responsibility of all residents,
but it is possible to charge for certain activities and services with those fund
going to help off set operating expenses.
A discussion, which
included questions from the audience, then followed concerning possible
operating expenses. It was decided that at this time it was too early to have
any hard numbers but everyone guesses that the Operating Budget would be around
a quarter of a million dollars per year or $30.00 per month per household. Again
it was stressed that this was a guess and no research has been done at this
time.
The Board then had a
discussion about a community Referendum on the issue. Mr. Molina pointed out
that the Board is not ready at this time and that marketing materials need to be
prepared, community meeting planned before a referendum could go out.
The Board then fielded
additional questions from the audience.
The meeting was adjourned
at 9:00pm
Respectfully submitted,
Louis Brawer
Property Manager