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GTIA
Board Minutes
Minutes
of the Green Trails Improvement Association
Board of Directors Meeting
Tuesday March 11, 2008
President, Peter Bakas called the meeting to order at 7:35 PM at
Kennedy Jr High School. Board members present: Peter Bakas, John
Charicki, Pat Coughlin-Schillo, Rob Getz, Gerry Jackson, Terri Kolman,
Julie LaFond, Les Lavin, Betty Long, Gail Robinson. Board members
excused: Craig Donofrio, Joan Dudas, Rodd Elges, Linda Gilbert, Marg
Hough. Management: 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.
Board Motion: Gerry Jackson moved to approve the minutes of the
February meeting, Terri Kolman seconded. The motion was passed by
unanimous voice vote.
Treasurer's
Report
John Charicki reviewed the February Balance Sheet and Income and
Expense Statement.
Board Motion: Gerry Jackson motioned to accept the revised check
register expenditures of $10,228.64 for March, Pat Coughlin-Schillo
seconded. Motion was passed by unanimous voice vote.
Management Report
Telephone log line items were reviewed.
Management noted that one more unit was sold in the College Green
apartment-condo conversion.
Management reported that there were no new sales in February in the
Torrey Pines conversion.
Management submitted amended copies of the Board roster and committees
list to be filed in directors’ binders.
Management researched three area banks relating to investment of
operating funds; however all three banks quoted below 3%. As the
current rate at Lisle Savings Bank on the Wall Street checking account
earned 3.31% last month, funds were left in that account.
There were 55 demand notices for assessment collection sent out on
3/1/08.
A list of trees available from Kane-DuPage Soil & Water Conservation
District was distributed to board members. The consensus of the Board
was to purchase 20 White Pines, 10 Concolor Firs and 30 Douglas Firs.
Management again reminded Board members to be prepared to take a Board
photo at the next meeting.
Management provided a list of February 2008 newcomers. Board
Directors are encouraged to call on newcomers in their respective
areas.
Finance Committee
John Charicki reported the committee met with GTIA auditor, Robert
Ripp, last week to discuss and review the 2007 audit and tax return,
which will be presented at the April meeting. John reported that Mr.
Ripp was very complimentary of Management’s books and records. The
committee will present a revised collection policy at the April
meeting. Also, in April, the committee will present a comparison of
estimated project costs versus projected assessment income.
Maintenance Committee
Les Lavin suggested management obtain several quotes for painting the
Gazebo. Also the entrance signs will need to be repainted.
Communications Committee
In Marg Hough’s absence, Terri Kolman discussed the draft of GTIA
meeting minutes policy as submitted by the committee. Several
suggestions were offered to incorporate into this policy. The
committee will meet this month to review all suggestions and finalize
revisions to the policy for the next Board meeting.
Parks
Committee
Pat Coughlin-Schillo gave a synopsis of the February Lisle Park
District Board meeting.
Nominating Committee
No report.
Old Business - New Business
None.
Board Member Area Reports
Area H - Pat Coughlin-Schillo suggested it would be timely to publish
an informative article in the Pathfinder relating to the current
influx of coyotes in the Green Trails neighborhoods.
Adjournment
Board Motion: There being no further business, Betty Long motioned to
adjourn the meeting, Julie LaFond seconded. The motion was passed by
a unanimous voice vote; the meeting was adjourned at 8:10 p.m.
Respectfully
Submitted,
_____________________________
Paula
Gleason, Recording Secretary
Signature on File
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