JULY
L&R ACTIONS
v Year to date, Income and Expenses are favorable to budget. Net Income
is favorable to budget by $74,803.99.
v Utilities are favorable to budget year to date.
v The Merchant Account, used for credit card sales at the Beach Club,
will be moved to Coronado First Bank, which has better fees.
v Proximity transponders, used to open the vehicle access gates, are
available to residents at the L&R Office for $25 each.
v A Winter Pool Energy Conservation Schedule was proposed, whereby one
pool at a time on a rotating schedule will not be heated during non-daylight savings
periods. It is estimated that 17,500 gas therms could be saved = $17,400.00.
v $7,000.00 was approved to improve landscaping in the South Area of
the community. $2,000.00 was approved to improve landscaping at the South Entrance vehicle
gate. (Shack Island)
v All employee benefit plans currently in place will be renewed
effective August 1 at slight increases.
v Sometime after the busy summer months, rust spots in the Beach Club
Pool coping will be drilled out and filled with epoxy. The repaired coping will not show
any patching afterwards.
v A Resolution was approved authorizing L&R Management to provide
administrative services to the other committees acting on behalf of the Coronado Shores
Condo Associations #1 - #10.
v L&Rs Articles of Operation were updated to conform with
recently approved changes to the Rules & Regulations and Policies & Procedures.
v In an informal poll, 6 of the 10 associations voted No on a proposed
project to attach a pedestrian walkway to the lagoons vehicle bridge. This project will be
further discussed at the July 25 Enforcement Committee meeting.
v Managers/Doorpersons will be asked to comply with the rule limiting
guests per group at the pools to ten in the summer months by not issuing more than ten
cards/passes total.
v The schedule was set to draft, review, and approve L&Rs
2009 Operating and Capital Replacement Budgets.
v Residents were invited to attend an information meeting regarding the
Hotel del expansion project on August 8 at 3:00pm in the Roeder.
____NEXT MEETING: THURSDAY 8/21/08____