So, what did the board accomplish on Tuesday night?
We voted to take one-half of the money from our Reserve Fund, which currently sits in a money market account, and shift it into a 5 month certificate of deposit where the interest rate is a little better. The other half of the Reserve Fund will remain in a money market where we can immediately access it if necessary. Let's hope not as we need to keep building it up. The extra interest, through year's end, will be essentially the same as 5 months worth of monthly dues payments from an "invisible resident."
The board voted to convert the use of the now-closed tennis courts into a off-leash dog park if all our plans come together. It's like putting a puzzle together and is certainly a step-by-step process. If all works out, we'll convert the courts. If not, the courts remain the tennis courts and will certainly remain closed.
We discussed the notion of installing a keyless entry system for the pool gate. Time and technology will force our hand as new inspection rules certainly will require us to upgrade our "security" in terms of locks. I received a couple of bids for these keyless systems - which will replace the lock and key we have now - but the board voted to reject purchasing the equipment in 2009. I'll bet a dollar you'll see new pool access technology installed in time for Spring 2010, but there's no guarantee without a majority board vote. These keyless cards are programmable and allow lost keycards to be digitally "turned off" and disabled via computer. If a keycard gets lost, we turn it off and it's useless. Our current charter would also allow the disabling of the keys for properties that are over 30-days behind in dues payments but the board should reiterate that position if we upgrade. That's 2010, though.
The official minutes, courtesy of Kathy our secretary, are coming soon and I'll post them here. They're "official."
No comments:
Post a Comment