Jockey Beach Club Spring 2022 Owner’s Meeting

Jockey Beach Club Condominium Association

Spring Owners Meeting 05/07/2022

Opening Remarks - Ron

              The group recognized new owners.

              Departing members Mark, Brad, Krista and Karen were thanked by the board for their service.

              Review of the Fall October 2, 2021 meeting minutes.

                           Approved by majority vote

2021/22 Project and Property Review

Large Projects – Benjie

3^Rd floor doors replaced on all buildings.

Boardwalk board replacement project is underway.

123^rd street fence replaced with vinyl.

North Belmont steps concrete repair.

Replaced some deteriorated parking stops.

Dock water lines turned on and repaired.

Fire alarm inspection completed.

Pool Updates – Karen

              We hired Best Pool Care as our new pool manager.

              The coping and top tiles have been replaced.

              The pool is being replastered.

              Seats are being installed on both corners of the deep end.

Landscape – Mark

              Parking lot beds will be raised to accommodate more mulch.

Parking Lot and Heat Checks – Dave

              Updated the group on parking lot rules and boat parking (March 1 – December1).

              Reported that heat checks went well with only a few missing keys and combinations.

 Jockey Beach Club Condominium Association

Spring Owners Meeting 05/07/2022

Financial Report

Annual Financial Statement – Scott

              The 2021 annual financial statement was reviewed and discussed.

2022 Budget – Rich

              The 2022 budget and profit & loss statement were reviewed.

Dues Increase – Benjie

              The group was notified of a $20 per month dues increase for the second half of 2022.

              Primary impacts are a $12K increase in insurance and pending large projects

10 Year Plan – Rich & Benjie

              The 10 year plan was reviewed to acquaint the members of future large projects.

              Pool house, Siding, Decking and framing are key expenses that will need to be funded

Derby deck supports appear to have severe rust, will be investigating over the summer once a contractor is located

Board Member Election

              Four new members were elected to the board:

              Philippe Berger, Tammy Hinkle and Bronson Spooner to three year terms.

              Barbara Diaz for two years to fulfill an unexpired term.

Questions and Answers

              The board fielded questions from the members.

Adjournment

LINK TO RELEVANT FINANCIAL DATA