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  • Hawthorne Residents Cooperative Association, Inc. VOLUME 18, NUMBER 7 P.O. BOX 491700, LEESBURG, FL 34749-1700 June 30, 2000 BETTY SMITH, President AL WIANT, Vice President HARRY "BUD" KAPP, Secretary

    JACK WINTERS, Treasurer JACK ERVIN, Director JAN FADELY, Director

    ED HOBBS, Director BUD McCONACHIE, Director PEG TREGILLUS, Director

    HIGHLIGHTS OF HRCA BOARD MEETINGS April, May and June 2000

    APRIL 13, 2000 AGENDA MEETING

    Approximately 25 residents were present. President Betty Smith set the agenda for the April 20 meeting. Committees will be named; requests for additional Library shelving, telephone in Woodworking Shop, request for visitors to utilize boat slips, request for installation of dropped ceiling and fluorescent lighting in Marina Lobby, and a motion to purchase a piano.

    Gen. Mgr. Gorden reported two homes were burglarized this past week.

    **********

    April 13, 2000 TRAINING MEETING

    All Board members along with Dan Gorden and Attorney Charles Johnson were present.

    J A review and discussion of By-Laws, issues and Florida Statute 719 was held.

    **********

    April 20, 2000 REGULAR MONTHLY MItETING

    Approximately 65 residents were present. Pres. Betty Smith welcomed the new directors. Letters were received from Alfred Renaud,

    Elsetta Ervin, Mr. and Mrs. Ben Brinkman, Donna Frazier, Wesley Johnson, Ed Stewart and Bill Mertz.

    COMMITTEE REPORTS -

    Planning & Real Estate Committees - The Board approved the purchase of IIIGardenia and 225 Hawthorne for rehab.

    Community Relations Committee - Marion Bell, Ambassador, stated that a total of 61 homes have been visited this year.

    GENERAL MANAGER'S REPORT

    Gen. Mgr. Gorden stated he has received 5 quotes for cabinets and shelving for the new building. The lowest bid will be used.

    A company in DelrayBeach has sent information regarding setting up a website for residents within the park. Gen. Mgr. Gorden will obtain further information.

    Gen. Mgr. Gorden reported that the 100 + acre property on CR 48 surrounded by Hawthorne on 3 sides and owned by Good Samaritan has been listed for sale. The Board approved our legal counsel to begin negotiating for the purchase of the property.

    The following Committee appointments were approved: Investment Committee - Chairman Jan Fadely, Jane Bryan, Tom Mosier, Dan Seaman, Jack Winters and Bud McConachie. Real Estate Committee - Chairman Ed Hobbs, Delores Miller, Cynthia Spradlin, Rosemary Staros, Grace Whitecar and Allen Wiant. Bill Tschida will act as Staff Advisor. Budget Committee - Chairman Jack Winter, Myrtle Hearn, Ed Hobbs, Austin Hurd, Bud McConachie, Roger Olds and Peg Tregillus. Planning Committee - Chairman Peg Tregillus, Elsetta Ervin, Ed Hobbs, Tom Kane and Bud Kapp.

  • Community Relations Committee - Chairman Jack Ervin, Marion Bell, George Wolf, Lincoln Grant, James Hall, Betty Smith and Jan Fadely. Water Committee - Chairman Bud McConachie, Ed Anderson, Ken Belair, Bob Carmichael, John Granger and David Savage.

    NEW BUSINESS

    A motion was approved to purchase additional shelving for the new Library for approximately $1,800.

    A motion was approved to proceed with the modification of the Marina lobby for a drop ceiling and fluorescent lighting at a cost of $4,300.

    The Board approved a motion to create Fund D for Kitchen Renovation. The Michigan Club has donated $250 to the project and a check in the amount of $200 has been received from Ruth DeSousa for the project.

    ********

    April 26, 2000 EMERGENCY MEETING

    Attorney Charles Johnson and Real Estate Broker L.D. Geiger were present at the meeting.

    The meeting was held to review and discuss the proposed purchase of 109 plus or minus acres. A motion was made and seconded to make the seller, Lutheran Good Samaritan Society, an offer for the land that borders Hawthorne on three sides and CR 48. (Negotiations are ongoing as of the production date of this GreenSheet.)

    ********

    'May 9,2000 EMERGENCY MEETING •

    The purpose {)fthe meeting was to review the letters from Mr. and Mrs. Brinkman on the policy of the association regarding purchase of a new home. A motion was made and seconded to send the Brinkmans a letter signed by all board members, stating that the Board agrees with the policy.

    * * * * * * * * * *

    May 11, 2000 AGENDA PLANNING MEETING

    There were approximately 25 residents present.

    The purpose was to set the agenda for the regular May Board meeting. Letters were received from Mr. and Mrs. Brinkman, Wes Johnson, Mr. and Mrs. Lampert, Hawthorne softball team , Concert Series and Hawthorne Bocce Ball Club.

    There were 65 residents present.

    **********

    May 18, 2000 REGULAR MONTHLY BOARD MEETING

    Real Estate Chairperson Ed Hobbs and Community Relations Chairperson Jack Ervin gave reports.

    General Manager Dan Gorden reported that the Marina Lobby ceiling and lighting has been installed. There was nothing new to report on the proposed purchase of 100 +acres of land on CR 48.

    The Board approved the purchase of a new grand piano and also the purchase of two new bleachers for the softball field.

    **********

    June 8, 2000 HRCA AGENDA PLANNING MEETING

    There were 45 residents present. The purpose was to set the agenda for the

    regular June Board meeting

    **********

    June 15, 2000 REGULAR MONTHLY BOARD MEETING

    There were approximately 133 residents present.

    President Smith welcomed everyone, updated everyone that offers and counter offers

  • H. R. C. A. FINANCIAL REPORT MAY 2000

    ONE MONTH YEAR-TO-DATE HRCA (including Sales Office) Net Operating Revenue Net Cash Operating Expenses Cash Operating Surplus (Loss)

    $ 281,091.01 277,853.08

    3,237.93

    $ 1,408,751.20 1,314,747.80

    94,003.40

    Depreciation & Amort. (Non-Cash) $ 46,988.87 $ 231,272.03

    Investment Accounts Restricted Reserve Accounts Unrealized Gain

    Repurchase Account-SunTrust Certificate of Deposit-USB CD's-Providian &·First Federal Cash on Hand TOTAL Cash and Investments

    $ 503,505.89 1,445,971.08

    (16,303.00) 120,000.00 75,000.00

    200,000.00 19,793.78

    $ 2,347,967.75

    Assets from Balance Sheet $8,511,114.65

    * * * * * * * * * * * * * *

    SALES REPORT

    Homes Closed - Month of May 10 $ 350,900 January 1, 2000 - May 31, 2000 46 1,904,607

    ~ January 1, 1999 - May 31, 1999 31 1,190,100

    Homes Sold- Month of May 9 $ 323,600 January 1, 2000 - May 31, 2000 47 1,934,000 January 1, 1999 - May 31, 1999 38 1,674,693

    \ Sales Contracts outstanding to be closed -

    May 31,2000 13 $ 555,800 May 31, 1999 9 565,093

    2000 1999

    Homes For Sale - Total 49 $2,083,400 77 $3,259,500 New Models 0 0 0 0 Renovated Homes 0 0 0 0 Resale Listings 49 2,083,400 77 3,259,500

  • have been made on the 109 acres that border Hawthorne on three sides and CR 48. We are waiting results from the last offer made by HRCA.

    Letters were received from Baris and Estelle Lampert and Robert and Cynthia Mann concerning Marina slips. A Marina boat petition was received from residents concerning fee increases.

    COMMITTEE REPORTS

    Planning Committee - Chairperson Peg Tregillus stated the committee voted unanimously to request the Board approve spending $5,000 for a preliminary engineering study on Hollondel Road property. Under new business, the motion was made by Chrm. Tregillus, seconded and unanimously carried. Chrm. Tregillus also reported that the committee voted unanimously to request Gen. Mgr. Dan Gorden to obtain a cost to redesign the Clubhouse kitchen. Under new business, Chrm. Peg Tregillus made the motion and it carried unanimously.

    Investment Committee - Chairperson Jan Fadely stated the committee met on April 24, 2000 and again May 1, 2000. A $50,000 corporate bond and a $50,000 CD became due and these two funds were rolled over into the Dean Witter money market account at 5.6 % interest. Also, two other CD's that came due in combined total amount of $150,000 have been reinvested at 6.78% and 6.85% interest. All was approved unanimously by the committee. It was reported that two additional CD's would expire in November 2000 and in March 2001.

    Budget Committee - Chairperson Jack Winters stated that Myrtle Hearn has resigned from the Budget Committee. .She stated that she and Bob will be traveling during the time work will be done on the 2001 budget. Chrm. Jack Winters made a motion and approved that Bud' Kapp be appointed to replace Myrtle Hearn on the Budget Committee.

    The resident meeting at the Marina with representative from the Board Bud Kapp, Security Chief Joni Moore and Grounds Supervisor Gene Fuller (sitting in for Gen. Mgr. Dan Gorden) was held on June 5. Questions and concerns posed were: why were children holiday pool hours

    extended, contractor solicits residents within the park, Board meetings and boat slips.

    General Manager's Report

    Market Manager Bill Tschida gave a sales report. There are four vacant lots in inventory, 166 Jacaranda, 133 Jacaranda, 133 Dogwood and 327 Palo Verde. Two homes are to be renovated, 111 Gardenia and 225 Hawthorne. The home at 333 Hawthorne is sold and the lot at 109 Hibiscus is reserved.

    Gen. Mgr. Gorden receivedaIetterfroiri" our cable company about adding TV coverage of the Olympics on CNBC at a cost of $400 per year. The Board approved a motion to add the channel.

    The cabinets in the Fine Arts room are to be installed within the next two weeks. Also, the new Hawthorne bus should be shipped later this week f