BOARD OF DIRECTORS MEETING APRIL 27th, 2010

The meeting was called to order by Mrs. Rosso.

Present: Debbie Rosso, Carole Garrett, John Park, Mike Reagan, Frank Wright and Gayle Pinero, Managing Agent.

The following units were represented: 101, 103, 109, 113, 115, 123, 125, 127, 129, 131, 133, 137, 139, 145, 151, 153, 155, 157 and 159.

Ms. Rosso stated that the purpose of the meeting was to discuss the roof and stucco situation.

Ms. Rosso introduced Don Gibbs of Duck’s Roofing Co. who described the conditions of the roof and opened the floor to discussion and questions. He said that the main problems with the roofs are design and installation. Questions were raised as to why shingles would be better than replacing the metal. Metal would cost far more than shingles and the shingles could more readily correct the design problems.

Mr. Gibbs also addressed the issues with the underlying plywood and chimney caps which are in bad condition and need to be replaced as well.

Some of the stucco needs to be replaced/repaired and Ms. Rosso and Mike Reagan met with specialists in that field as well. This work must be done in conjunction with roof replacement.

Questions were raised about warranties…..Mr. Gibbs said they were available and discussed the types of warranties. Mike Reagan asked about flashing…….Mr. Gibbs said he would recommend aluminum because of the location on the water.

Several homeowners expressed a concern about finding more data as to how many roofs are leaking. Some homeowners requested that an inspection be done. Most homeowners felt that there was enough evidence to replace the roofs. Louise Buxton spoke about her experiences with leaks since her unit was built and complimented the current board for their hard work.

Mike Reagan made a motion that we hire an inspector to check roofs. Carole Garrett seconded the motion. It passed unanimously. Discussion followed. Frank Wright reiterated that we need to do this immediately as the board needs to make a decision within the next couple of weeks.

Funding for the roofs was discussed. A survey form was given to each homeowner present asking them to indicate their preference as to how to pay for roof replacement and/or make suggestions.

The May meeting will be held on the 27th in 129 @ 6:30 pm. Mike Reagan made a motion to adjourn the meeting. John Park seconded the motion. The meeting was adjourned at 8:30 p.m.