HARBOURSIDE CONDOMINIUM ASSN., INC.

MINUTES OF NOVEMBER 17, 2010 MEETING

Call to Order: 7:00pm

ROLL CALL: Paul Stokes, Dick Kublin, Dean Boyce, Tony Diorio, Gloria Sager, Deborah Bagliebter. Quorum established.

Proof of notice of meeting posted verified.

Minutes of October 18, 2010 read. MOTION to approve, second and approved.

Correspondence: Letter from Denny expressing progress by board and appreciation was read. Ongoing correspondence with Peter Glinert, unit in regard to obstructed view due to boat in harbor. Phone call and meeting to address issue have been made.

Manager’s Report for October and November read. Deborah to check into Management Company taking over website.

Budget 2011: MOTION to accept 2011 fully funded budget made, second and approved unanimously.

Treasurer’s Report: Dean Boyce. $500,000 in reserves. On hand $407,000. Merrill Lynch funds are now $50,000 plus . All condos pretty well in line with budget. Better year in 2010 for delinquencies. Elevator assessments collected $886,696. Spent $327,000 so far. Residual $559,000. $67,000 outstanding. Condo 1 $93.9%, condo 3 97%, condo 2 92.9%.

Clubhouses water leak settlement made at $60,900. $53,000 to us after adjustor is paid.

Grounds: Tony Diorio. Meeting held on 11-2. Minutes posted on bldg. bulletin boards. Flooding by bldg. 3. Needs work. May need dry well. Drain needs regular cleanout. Loss of ficus hedges along federal highway due to bus stop people. Need bus shelter. People use ficus for shade. Metal debris from carports behind tennis courts questioned. Possibility of selling metal to be considered. Holiday lighting for Harbourside needs bids for work. Deborah getting bids. Cost of one proposal $3700 to get lights, put them up, take them down and store. More bids due in.

SOCIAL: Meeting Nov. 20.

RECREATION: No report

INSURANCE; Paul Gerblick. Good Year. Increase in insurance as expected. Budgeted $225,000 and actual was $216,000. Increases expected next year of 10%.

HARBOR: Dick Kublin. Met with contractor regarding seawall. Recommended we clean and seal all seawall joints. Price $9,000. Also correct leakage. Should be done every 5 years. Broken piling to be repaired. All slips accounted for. Boats are for sale and we will have openings when they are sold. No wake Zone problem being worked on and more signage to be done.

FINANCE: Meeting held on Monday. Alarms need to be rebudgeted. $40,000 budget and $104,000 is needed. Committee made motion to accept building 1, 2 and 4 needs to be brought up to code and bldg. 3 eventually. MOTION (Dean Boyce) to accept contract for alarms with Florida State Fire and Security. Second – Dick Kublin, all in favor.

This company provides a 2 year warranty and monitoring and is the lowest bidder.

BUILDING CAPTAINS: Bldg. 1 needs to do tile selection for elevator and elevator landings in bldg. 1 and 2. Bldg. 4. #4105 is in foreclosure. No key in key bank and window is open. Need to check unit out.

CLUBHOUSE: Judi Riccardi to call meeting first part of Jan. 2011.

Question as to whether Harbourside can cut off cable for non-paying units. To check with attorney.

Meeting adjourned 8:15pm.

Gloria Sager, Secretary

Paul Stokes, President