Beachplace Association, Inc.
Special Board of Directors Meeting
Thursday, April 27, 2023 at 9:00 am
ZOOM Meeting ONLY
CALL MEETING TO ORDER:
ROLL CALL: Dr. Low__ Dr. Berner __ Dr. Soskolne__ Ms. Parris__ Mr. Baker__ Mr. Traxler__ Mr. Dutton___
Insurance Special Assessment: Board to meet to discuss and consider approving motion for a special assessment to cover insurance costs.
- Rationale: Insurance premium for wind & hazard insurance exceeds current budgeted amount, and we need to obtain sufficient funds to meet this expense.
- After all insurance renewal premiums paid (October 2023), then any excess funds from this special assessment shall be refunded to the owner.
Board discussion regarding changing the scheduled regular monthly Board meetings, no meeting in August, to the third Thursday of the month from the current second Thursday.
- Rationale: Allows the Board to have financials from the immediately preceding month to review at the Board meeting (instead of a month in arrears). Accounting staff needs the additional time to provide the more current financial reports.
MOTION TO ADJOURN: