OLDE CANAL VILLAGE CONDOMINIUM TRUST
MINUTES OF TRUSTEE MEETING
November 10, 2009
The board reviewed the cash flow and the Balance Sheet for the month of October. The Bill payment for the month of October was approved and signed. The board took up the question of the 2010 budget. After much discussion, the budget was approved. Several line items were designated to be paid out of reserve funds rather than out of monthly funds. These line items included legal, buildings, and roads and walkways. The final total of the budget was $163547. Because this budget figure is the same as last year, there will be no increase in the monthly condo fee for 2010. Marianne reported that the latest CD to mature was a 7 month CD which she converted to a 12 month CD because of the better interest rate. Marianne will continue her check for other CPA prices for tax reporting.>
2/5b. Tom reported that an investigation into the possibility of solar lights around the rotary was not doable because solar lights do not provide enough illumination. He said that installing electrical lights mounted on the five posts already in the circle would be feasible. He checked with the assessors office as well as the original surveyor to determine if there is any piping from the clubhouse to the circle that can be used as a conduit for electrical wiring. He has checked with Baroque Bros as well as Ed LaFleur. Cutting a trench for such piping could be done at a reasonable cost.Gil Joe indicated he would be willing to help with the installation. The lights would controlled by a timer in the clubhouse. The estimated cost would be $1500 which includes the cutting and replacement of the asphalt as well as the estimated cost of materials at $1129.>
The parking situation has been resolved.>
The flags along the upper walkway are the results of the town indicating presence of gas lines. Tom has placed an explanation of the flag situation by Dig Safe on the bulletin board as well as on the website.
Gutter guards. Tom is going to install gutter guards on his gutters to check their effectiveness against the collection of leaves and debris in the gutters. A discussion about the style of guard resulted in the selection of ane that covers the gutter but would not allow pine needles to get into the gutter.