DRAFT NOT FOR DISTRIBUTION
SUBJECT Regular Meeting of The Board of Directors of the River’s Edge HOA, located at 5225-5255 Riversedge Terrace, 5320-5340-5360 Lowell in Chicago, IL. LOCATION The Salvation Army Mayfair Community Church and Center 5020 N. Pulaski Road in Chicago. DATE Meeting held on Thursday, October 15, 2015. NOTIFICATION All owners received notice according to the governing documents.
President Charlie Erickson Present Vice President Jim Riordan Present Secretary Sheila Morrow Present Treasurer Donna Heintz Present Director Beth Atkins Present Director Russ McManus Present Director Dan Hartnett Present Property Manager Hank Kolak-Hanlin Management, Inc. Present
CALL TO ORDER: With a duly called motion and second, the meeting was called to order and a quorum of the Board was declared at 7:00 p.m.
BOARD MOTIONS:
APPROVE 08/20/15 BOARD MEETING MINUTES: Motion: Sheila Morrow to accept the minutes as presented. Second: Dan Hartnett. Discussion: No additional discussion Vote: 7 In Favor. 0 Against. 0 Abstain. The minutes were approved as presented.
APPROVE 09/17/15 BOARD/ANNUAL MEETING MINUTES: These minutes were tabled.
APPROVE EXPENDITURES: Each month Hanlin Management submits to the board a photocopy of each expenditure. Expenditures for the months of July and August 2015 are up for approval. Tabled
TREASURER'S REPORT: Donna Heintz read the treasurer report aloud. As of 08/31/2015, Income: $99,358.00. Expenses: $26,177.00. 01/01/15 Cash Balance: $408,986.00. 08/30/15 Cash Balance: $430,933. Motion: Sheila Morrow to approve the treasurer report as presented. Second: Jim Riordan. Discussion: No additional discussion Vote: 7 In Favor. 0 Against. 0 Abstain. Approved
050 RIVERS EDGE HOA PAGE 1 OF 2 10/15/2015 Board Meeting Minutes DRAFT NOT FOR DISTRIBUTION
RESOLUTION SURPLUS FUNDS: Motion: Donna Heintz to approve the funds transfer in the amount of $20,681.00 for 2014. Seconded: Dan Hartnett. Discussion: This expense is a line item provided for in the budget. No Additional Discussion. Vote: 7 In Favor. 0 Against. 0 Abstain. Approved
2015 AUDIT: Motion: Dan Hartnett to accept the proposal from Nyborg & Associates. Seconded: Sheila Morrow. Discussion: This expense is a line item provided for in the budget. No Additional Discussion. Vote: 7 In Favor. 0 Against. 0 Abstain. Approved per the terms and conditions of the proposal.
ASSOCIATION UPDATES: DAVEY TREE: The Board will be working with Davey Tree on the number of sick and dead trees on the property. FOUNTAINS: Fountain Technologies will be removing and storing the fountains. HEAT COIL: CRC Sidewalk lifting damaged areas under the sidewalk where heat coils were underneath. FENCE: Tru-Link Fence will make repairs to the fence. SNOW PLOW: QDI will be contracted again for snow. 2016 BUDGET: The budget will be approved at the November meeting. LEGAL NOTICES: Since our last meeting, the association has not been notified of any lawsuits, foreclosures or bankruptcies.
ADJOURNMENT: With a duly called motion and second, the meeting was adjourned at 7:20 pm.
Respectfully submitted,
______Hank Kolak – Property Manager Sheila Morrow Hanlin Management Association Secretary
050 RIVERS EDGE HOA PAGE 2 OF 2 10/15/2015 Board Meeting Minutes