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GTIA
Board Minutes
Minutes
of the Green Trails Improvement Association
Board of Directors Meeting
Tuesday October 12, 2004
President, Peter Bakas, called the meeting to order at 7:30 PM. Board
members present: Peter Bakas, Diana Cygan, Tim Dudas, Wendy Elwood,
Gerry Jackson, Betty Long, Jonni Miklos-Finch, Marty Volpe. Board
members excused: Joan Dudas, Linda Gilbert, Les Lavin, Tom Maslanka,
Jeff Quasney. Board member absent: Marge Hough. 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 and it was agreed to
correct the wording under the upcoming Board election regarding the
election status of the current director of area L.
Board Motion: Gerry Jackson moved to approve the minutes of the
September meeting as amended, Diana Cygan seconded. The motion was
passed by unanimous voice vote.
Treasurer's
Report
In Joan Dudas’ absence, management reviewed the Balance Sheet and
Income and Expense Statement. It was reported that the operating and
reserve funds in the Wall Street Checking at Lisle Savings Bank are
now at 2.38%. If some of the funds were placed in a one-year CD, the
rate would be 2.85%; if placed in an 18 month CD, the rate would be
3%; if placed in a two-year CD, the rate would be 3.15%; or, if at
least $100,000 were placed in a one-year CD, the rate would be 3%.
Board Motion: Diana Cygan motioned to move $100,000 into a one-year
CD at Lisle Savings Bank at the interest rate of 3%, Tim Dudas
seconded. The motion was passed by unanimous voice vote.
Board Motion: Betty Long moved to accept the check register
expenditures of $27,646.36 for October plus an additional amount not
to exceed $9,000 for trail replacement, Diana Cygan seconded. The
motion was passed by unanimous voice vote.
Management
Report
Telephone log line items were discussed and reviewed.
The trail replacement has been completed.
Management notified the Village of Lisle Public Works Director
regarding a GTIA resident request to have pedestrian crossings painted
on the streets at every trail that is or is not an actual street
corner. Director Ray Peterson has also received a request from the
Lisle Transportation Commission to investigate and submit findings to
the Village. The Village will, in turn, advise Management of the
determinations.
Management contacted four accounting companies in addition to Robert
Ripp to secure 2004 audit and tax return proposals. The one response
from Stein, Larmon, Talwar, Bailey and Company was for $1500. Robert
Ripp’s proposal was for $1600.
Board Motion: Betty Long moved to accept the Stein, Larmon, Talwar,
Bailey and Company proposal in the amount of $1500 to prepare the 2004
audit and tax return, Gerry Jackson seconded. After discussion, Betty
Long withdrew her motion and it was agreed that Management would
secure background information and references regarding subject firm.
Board members were asked if they felt an additional grass cutting
cycle was necessary. The consensus was not to add another cycle, but
to delay the next cutting until the end of October or beginning of
November.
Management reported on election voting to-date, noting that incumbent
directors are running ahead.
Management distributed a list of September newcomers, categorized by
area. Directors should add comments in their area reports as to the
new residents they have contacted.
Finance
Committee
No report.
Maintenance
Committee
In Les Lavin’s absence, Joe Broda reported that the grind and overlay
project was successful and another area will be scheduled for next
year. The Maintenance Committee will meet again in early January to
discuss this and other projects.
Communications
Committee
No report.
Parks
Committee
No report.
Nominating Committee
Jonni Miklos-Finch indicated that the Nominating Committee had no
further business to report. Jonni again suggested that the Board
maintain communication with all candidates who volunteer to run for
Board positions.
Old Business - New Business
Peter Bakas informed the Board of a letter of resignation from Board
Director Jeff Quasney, effective immediately. Peter also announced a
letter of resignation from Recording Secretary, Paula Gleason.
Board Member Area Reports
Area B – Betty Long reported that she had called on the September
newcomer in her area.
Area I – Gerry Jackson noted that he had called on the August
newcomers in his area. He also mentioned that he received several
resident complaints about cars speeding in the area. Gerry informed
the residents that the Police Department would follow up and call on
the offending individuals at their residence when the license plate
numbers of the speeding cars are reported to the Police Department.
Adjournment
Board Motion: There being no further business, Gerry Jackson motioned
to adjourn the meeting, Diana Cygan 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
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