Board Of Trustees Year End Update

February 1, 2002 by Administrator
Filed under: #11: February 2002 

Here’s what the Riverbend Board of Trustees accomplished on behalf of the community for the second half of this year.

Services Discussed/Conducted/Underway

  • Reviewed audited financial statements for the year ended December 31, 2000
  • Signed Association’s tax return
  • Passed amendment to increase Capital Contribution paid by new owners
  • Reviewed proposal to replace water lines in two courts -deferred to spring 2002
  • Conducted semi-annual Board/Management Property Inspection
  • Discussed snow removal process improvements and strategies for the coming season
  • Met with Township to review their mandate for new parking requirements on Riverbend Drive
  • Located and repaired additional water line breaks

Contract Review, Negotiation and Renewals

All contacts under review are provided to various vendors to bid on the job. When the proposals are received, Board members review them. Among the items to consider are cost to the community, reputation of the vendor’s work, past experiences with the vendor (when applicable).

In the second half of the year, the Board signed contracts or arranged for services with the following vendors:

Growing Concern
Approved landscape replacement proposal
Approved sprinkler repair proposal
Approval snow removal proposal
Approved winter pruning contract

Professional Maintenance Plus
Approved sidewalk replacement proposal
Approved investigation to determine location of water line breaks

Eosso Paving
Approved paving repair quote

Wilkin & Guttenplan
Approved audit proposal

Pinkerton Security
Hired security guards to patrol Mischief and Halloween nights

During each meeting. the Board members reviewed:

  • the Association financials and delinquency status
  • legal items
  • incoming and outgoing correspondence via Executive Property Management
  • homeowner concerns
  • invoices and sign checks for Association payments

Members of the Riverbend community are welcome to join us for the public portion of Board meetings. These meetings are conducted on the third Tuesday of every other month. The last meeting was held Tuesday, January 15th. Feel free to contact EPM if you would like to confirm the date and time of future meetings. The number is 732-821-3224.

February 2002 Newsletter Contents

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