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GTIA
Board Minutes
Minutes
of the Green Trails Improvement Association
Board of Directors Meeting
Tuesday February 10, 2004
In Peter Bakas’
absence, Vice President Tom Maslanka called the meeting to order
at 7:30 PM. Board members present: Diana Cygan, Joan Dudas, Marge
Hough, Gerry Jackson, Betty Long, Tom Maslanka, Jeff Quasney,
Marty Volpe. Board members excused: Peter Bakas, Wendy Elwood,
Lloyd Hendrickson, Les Lavin, Jonni Miklos-Finch. Board members
absent: Tim Dudas, Linda Gilbert. Management: Joe and Joanne
Broda. Paula Gleason was Recording Secretary. A quorum was
present.
Open
Forum
None.
Minutes
of the Prior Meeting:
Minutes of the prior meeting were reviewed.
Marge Hough suggested that approved amendments to a prior month’s minutes do
not need to be published on the website or in the newsletter as the draft
minutes have not been reviewed by residents, other than the Board of
Directors.
Board
Motion: Betty Long moved to approve the minutes of the January meeting,
Joan Dudas seconded. The motion was passed
by unanimous voice vote.
Treasurer's
Report
Joan Dudas reviewed the Balance
Sheet and Income and Expense Statement.
Board
Motion: Betty Long moved to accept the check register
expenditures of $6,989.27 for February, Gerry Jackson seconded. The motion was
passed by unanimous voice vote.
Management
Report
Telephone log line items were discussed and reviewed.
Management noted that as of
today $328,680 in assessment dues have been collected from homeowners. Late
notices will be sent to the 94 homeowners with assessment dues outstanding.
TruGreen ChemLawn submitted a
cost proposal for saw fly treatment of the pines along College Road.
However, since the trees were treated in 2002, the Morton Arboretum advised
it was not necessary to spray the pines again this year.
A revised roster, committee list
and Policy for Board Meeting Minutes were distributed to members for
placement in their director’s binder.
Finance
Committee
The finance committee met on
February 5th to review alternative depositories for the association’s CDs.
Committee members met again on February 10th with Lisle Savings Bank to
confirm specific bank policies. The finance committee distributed a handout
outlining their recommendations for account consolidation along with a
multiple-year investment strategy.
Board
Motion: Betty Long moved to accept the recommendation as
submitted to consolidate accounts at Lisle Savings Bank, with amounts over
$100,000 FDIC insurance collateralized by a one million dollar Government
agency bond, Gerry Jackson seconded. The motion was passed by unanimous voice
vote.
Board
Motion: Joan Dudas moved to adopt the investment strategy as
outlined in the Board of Directors handout, Diana Cygan seconded. The motion
was passed by unanimous voice vote.
Maintenance
Committee
In Les Lavin’s absence, Joe
Broda reported that the maintenance committee would meet soon, prior to the
next Board meeting, to discuss trail work, projects and maintenance
strategies.
Communications
Committee
Marge Hough reported that Joe Broda and Jeff Quasney met with the website
Webmaster to discuss a to-do list for redesign and development of the home
page, which should be accomplished over the next several months. Jeff
Quasney will monitor the progress of changes and schedule regular reviews of
the web material.
Marge Hough is in the process of requesting approval from Kennedy Junior
High to print some of their more interesting articles in the Pathfinder.
Parks
Committee
In Linda Gilbert’s absence, Gerry Jackson provided an overview of the Lisle
Park District Board meeting and noted that their meetings are regularly
scheduled at 7:00 PM in the Community Park District Board Meeting Room on
the third Thursday of the month.
Old
Business
Content of the second
publication of Trail Run News was discussed.
Board members were advised
to be alert following a recent incident at Steeple Run School.
Adjournment
Board
Motion:
There being no further business, Jeff Quasney moved to adjourn the meeting,
Diana Cygan seconded. Motion was passed by unanimous voice vote. The meeting
was adjourned at 8:30 p.m.
Respectfully
Submitted,
_____________________________
Paula
Gleason, Recording Secretary
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