THE BOARD MEETING OF THE 555 ESPLANADE
CONDOMINIUM OWNERS ASSOCIATION
November 15, 2010
CALL TO ORDER
The following are the Minutes of the Emergency Meeting of the Board of Directors of the Casa Bahia Condominium Owners Association, held on Monday, November 15, 2010, in the 535 Building Lobby, 535 Esplanade, Redondo Beach, California 90277. A quorum of Board Members was established and Joe Engle called the meeting to order at 7:28 PM.
BOARD MEMBERS PRESENT
Joe Engle, President; Joseph Tache, Vice-President, Betty Schneider, Treasurer; Dianne Merzel, Secretary.
BOARD MEMBERS ABSENT
Frank Parker, Member-at-Large.
MANAGEMENT COMPANY REPRESENTATIVE(S) PRESENT
Ellona Hess of Scott Management Company (SMC)
2011 ANNUAL BUDGET
Ms. Merzel made a motion to approve the 2011 annual budget, with annual total expenditures to be approximately $285,000.00. To cover the extra amount of expenditures, vs. the 2009 year ($252,000.00), all Homeowners would be charged a one-time special assessment, due in two installments, May and October. Ms. Schneider made a second to the motion. The motion carried with all in favor. Homeowners will be notified accordingly.
OFFICER APPOINTMENT
All Board Members were in favor of maintaining their current positions, and the new Board Member, Mr. Tache, to fill the Vice-President position, until the next meeting (scheduled to take place in December).
NEXT MEETING
Monday, December 20, 2010, 6:30 PM.
ADJOURNMENT
Meeting was adjourned at 7:33 PM.
Submitted by: Ellona Hess
EXECUTIVE SESSION
The Board of Directors did not hold an Executive Session.
PLEASE NOTE: Any grievance or clarification on issues can be addressed by: (1) Airing the issue at the next scheduled Public Board meeting, or (2) contacting Ellona Hess at Scott Management Company (Phone: 310-370-2696 ext. 211; Email: [email protected]; Mail: Scott Management Company, PO Box 3159, Torrance CA 90510-3159). Calls/correspondence should reference 555 Esplanade/Casa Bahia.