VILLAGE PALOS VERDES 

HOMEOWNERS ASSOCIATION

BOARD OF DIRECTORS MEETING

DECEMBER 11, 2008

MINUTES

CALL TO ORDER

The meeting was called to order at 6:00 p.m. by Carma Hardin, President.

MEMBERS PRESENT

Carma Hardin President

Joe Grasso Vice President

Margie Hersh Treasurer

Sandra Felando Secretary

David Silverberg Member at Large 

MEMBERS ASBENT

ALSO PRESENT

Phil Greer On-site Maintenance

Joanne Peña Horizon Management

OPEN FORUM

The homeowners in attendance were given the opportunity to address the Board with their questions and concerns. Carma Hardin advised those present that the Board is not at liberty to discuss or answer any questions with regard to the litigation.  The Board spent two hours answering questions with regard to the Exterior Renovation Project and budgetary concerns.

PREVIOUS MINUTES

MOTION (MH,CH) to approve the minutes of the November 13, 2008 board meeting, as amended.  The motion carried, with Dave Silverberg opposed.  

FINANCIAL REPORT

As of November 30, there was $34,500 in operating cash and $705,676 in reserve funds.    

Delinquencies.  The Board reviewed the status of delinquencies.   MOTION (SF,DS)  to write off $2,797.83 in bad debt due to bank foreclosure.  The motion carried.

MAINTENANCE REPORT

Phil Greer provided the Board with a status report with regard to maintenance requests and repairs.   

MANAGEMENT REPORT

Year-end Audit.  MOTION (MH,SF) to accept the terms of engagement proposed by Creighton Tevlin, CAP, for the year-end audit, financial statements and tax returns.  The motion carried.

Horizon Management Request for Fee Increase.    MOTION (SF,MH) to approve Horizon Management’s request for an increase of $200 to the monthly management fee.  The motion carried.

Time Warner. The Board considered Time Warner’s request for a two-year extension to the bulk cable agreement, but tabled decision pending further deliberation.  Horizon Management was asked to send a letter to Time Warner to let them know that they were disappointed with the way the initial installation was handled, which resulted in “temporary” cabling strung on the outside of the buildings, that the homeowners have been disappointed that they have not received a discount on additional services and that the Board is considering a marketing agreement with Verizon FIOS.

Correspondence.  The Board reviewed several items of homeowner correspondence and will respond to each accordingly.

NEXT MEETING AND ADJOURNMENT

There being no further business before the Board, the meeting was adjourned to Executive Session at 10:30 p.m.  The next meeting will be held on Thursday, January 8, 2009 at 7:30 p.m. at Resurrection Lutheran Church.

Village Palos Verdes Homeowners Association

Board of Directors Meeting

December 11, 2008