February Board Meeting 2021

Waterford at Smith Lake

Minutes for February 11, 2021

Members present;

Don Monistere, President
Travis Tidwell, Secretary
James Eidson
Shannon Pate
Richard Kinney
Caleb Bright (Bright Management)

Members Absent: None

• Meeting called to order at 6:35 P.M. by President Don Monistere.
• Reviewed the Minutes from the Previous Meeting

Regular Business

Update From Caleb on Property and Challenges if any – Caleb – Need to address the broken cables on the boat docks 3 – If we have to drop new cables the permit is 2K – We are going to go forward to drop the anchor – Caleb has some deep water anchors – Caleb to get a proposal to get this done.

We are putting a lock box with a key in it to let the fire alarm and elevator people to get a key. – He will get an email either way knowing that they are there.

Remaining Items to tackle to get Bright Fully Engaged – Don and Travis to go into the bank to get the account setup in our names as well –

Don will get a budget over to Caleb to get this moving forward

George Fort’s unit sold on the 12th of January – paid his first quarter -The Assessment fees need to be paid in full. – Van Goedeking and Linda

We are looking to increase the insurance limits and the deductible will be increased to 25,000.00 – We are going to get two quotes on the insurance.

Marti Marib – Patched sheet rock – This project is complete – bill to the HOA and then decide from there.

Discussion of Accounts Receivable. We need to clear up the 2020 collection, on the Q1 2021 billing.

Don to provide a letter to Caleb to get to Insurance company

Update on Railings Quotes Etc. – Tidwell – Shannon Pate – We are scheduling the – Alabama Ornamental – Shannon and Caleb will look at it.

Update on Wood Rot Replacement in TV Room – Eidson – Travis and Edison – Willoughby roofing will be out on 2-12-21 to look at the rot area and the moisture problem. We have the moisture issue as well.

Update on Repair\Paint of Ext. – EFIS – We need to get someone on this from quoting perspective. Clark Rodger Pronsoso Stucko – they do the drive it – and the paint – Commercial Painter – they will need scaffolding

New Business

Financials – Now that Bright is doing financials what is the turn around expectation. – Discussed turn around time and all is good here – We will post Quarterly Financials as we have in the past on the website

Open Items

Johanson The Lawyer to the attorney to somewhat we need to do

Motion to Adjourned Meeting by Don Monistere- Second by Travis Tidwell at 8:00