MINUTES OF BOARD OF DIRECTORS OF MARBELLA LAKES OWNERS ASSOCIATION ON
March 17th, 2016
Present: Jennifer Fazio, Kevin Kowalke, Michael Francis, Michael Avalone, Brett Cohan
Lynn Ross, Property Manager
1. Call to Order
Meeting called to order at 6:30pm by Jennifer Fazio.
2. Establish Quorum
Quorum was established with four board members present.
3. Proof of Notice
Proof of notice was given.
4. Approval of Minutes
Bret made motion to approve minutes, Mike Francis seconded, all in favor motion passed.
5. Treasurer’s Report
Mike Francis reported as of February 29th, 2016 we have $454,081.44 in total operating cash, $310,507.27 in reserves and $11,149.66 in accounts receivable. Our current liabilities are $253,827.73.
6. Manager’s Report
Lynn stated she was now intercepting all landscaping issues and working directly with the landscaper. Granular and liquid fertilization is in the process of being applied and should improve yard appearance. All irrigation is now running and functioning properly. The pool pump has been fixed. Pressure washing will be started of all inside and outside walls.
7. Updates on Lakes Project
Mike Francis gave an update on the current status of the lakes, algae and littorals. The lakes will be treated every 14 days, the maximum permitted by law. There is algae in the littorals which is hard to remove without killing the littorals. We will be doing water and muck testing to acquire as much information as possible. The board will be visiting Forest Glen to review their current systems on aeration. The board thanked Conrad and Eileen for all the work and research they have done.
8. Water Testing / Analysis Proposal
Mike Francis explained a proposal to have Lake Masters test our lake waters to gather as much information as possible in order to take the correct steps forward. The testing of all lakes will cost $3,320. Jen made a motion to approve, Mike Francis seconded, all in favor motion passed.
Jenn Fazio adjourned meeting at 7:01 pm.