MINUTES OF TRUSTEE MEETING

February 1, 2008

  1. Board member present: Andy Habe, Tom Fermi, Marianne Williams Board members absent: Merle Ray, Roger Lange

  2. Andy Habe opened the meeting at 3:00 P.M. Andy read the letter from Merle Ray advising the board of his immediate resignation from the board citing philosophical differences as well as a conflict with a board member. His resignation was regretfully accepted. Marianne Williams will assume the responsibilities formally held by Merle.

  3. Tom Fermi presented the board with a reorganized plan which would help Carlino meet his expenses and would also fit into our cash flow concerns. The new payment plan would be as follows:

  4. $6525 from December 07 to March 08 to be paid on the first of each month.
    $5175 from April 08 to November 08 to be paid on the 30th of each month.
    The payments from December through June would be debited $900 for repayment of a loan of $5400 granted to Carlino for purchase of two 11 HP snowblowers.

  5. Marianne will make a flow chart of monthly payments.

  6. The meeting was adjourned at 4:15.


MINUTES OF TRUSTEE MEETING

February 3, 2008

  1. Board member present: Andy Habe, Tom Fermi, Marianne Williams...   Board members absent: Roger Lange

  2. Andy Habe opened the meeting at 4:00 P.M.

  3. The board members reviewed the flow chart of payments to Carlino Landscaping as prepared by Marianne. After discussion, and corrections were made, the flow chart was accepted. The payment schedule is as follows:

  4. $6525 from December 07 to March 08 to be paid on the first of each month.
    $5175 from April 08 to November 08 to be paid on the 30th of each month.
    The payments from December through June would be debited $900 for repayment of a loan of $5400 granted to Carlino for purchase of two 11 HP snowblowers.

  5. Approval of a check of $2700 for balances due Carlino Landscaping in the months of Dec, Jan, and Feb was given. The check will cover the portion of payments now in arrears in the three months due to the restructuring of the payment plan. Marianne will contact Merle regarding this payment.

  6. The meeting was adjourned at 5:05.


OLDE CANAL VILLAGE CONDOMINIUM TRUST
MINUTES OF TRUSTEE MEETING

February 12, 2008


  1. Board member present: Andy Habe, Tom Fermi, Marianne Williams. Board members absent: Roger Lange

  2. Andy Habe opened the meeting at 3:00 P.M. Andy passes out a copy of the February 7 letter that was sent to Fran Buckley. Fran is to have her doctor sign the form, under oath, attesting to her inability to live alone and return the letter TO THE LAWYER within seven days.

  3. Andy said he would like to have the annual report from the CPA for the March meeting. Marianne will look into it.

  4. The board discussed ways of seeking a replacement for Merle Ray. Possibilities were to replace him now and have the new trustee serve through the three years, or to wait until the election in June. It was decided to wait until the election. Tom Fermi announced that he would not be seeking reelection but would be willing to come to board meetings to serve as an advisor. This means that we would need at least two people who would be willing to run in the election to serve as trustee for the condo complex. Without two more people on the board, it would be necessary for us to go back to the managed care system which would mean extreme hikes in the monthly fee in order to pay for a management company. Several people have volunteered to assist with the election as well as to serve as advisors.

  5. Tom Fermi presented the board with a reorganized plan which would help Carlino meet his expenses and would also fit into our cash flow concerns. The new payment plan would be as follows:

  6. Marianne will make a revised flow chart of monthly payments.

  7. The meeting was adjourned at 5:20 P.M..