Tropic Isle

Name:
Location: Nashville, TN

Tuesday, October 23, 2007

Oct. 23rd Status

Highlights from Association meeting:

Barely had enough members in attendance and proxies to conduct business.
Budget – Monthly dues will stay the same
We have paid the insurance from our cash account $61,000
We have around $7000 in cash and $24,000 in reserve
Approved- Assessment to all members of One month dues instead of increase- due April. Two 410 and one 285
Board of Directors
Added Larry Rice (301) and Joe B. (105 re upped) to Board for three years
Ken Wood (804 pres.), Bill Roberts (501 V Pres.), Joe B. (105 Treas.) , and Lary Rice ( 301 Sec). Other Board Directors - Randy Engel and Jody Wolf.
Leak Issues for 01 and 05 columns:
Re Patching East Wall
Adding Gutters and re chalking all West and East walls
Correct all inside leak damage
Line of credit for work -est. $30,000
Lobby Floors
Tile floors
Checking into cost for each balcony –if owners would like to have their balcony tiled
Update Elevator tile
Need another estimate before work will be approved
Line of credit for work –est. $18,000
Garbage container
Moving to West side of building (last spot near road)
Need to verify with Sunbelt before move.
Change area of current garbage container to bike parking or make it owner storage with combo lock.
No major cost
Reattach power to Parking Lot lights on East side
No major cost
Internet for Complex
The association isn’t going to invest in any internet service for complex.
Internet service will be left to each owner.
Replacement of Lights and Plugs on balcony
Approved replacement of lights and plugs on balcony
Line of credit for work - $4,000
Rust on Ocean front of building
Same as other buildings in area
Next work day paint the lower level by the pool.
No plans to address issue
Hangers in Underground parking.
No plans to address
Small issues
Locked Heat on pool -completed
Corrected skimmer top flipping over by pool -completed
Need to re strap the coral lounge chairs to green because of some type of dis coloring issue
Touch up all lobby walls – completed
Increase sand fence to over dunes
Need to drain outside shower water better – make holes in deck to allow water to drain?

Monday, October 08, 2007

Information reminders

All Association members,

Please don’t forget the annual meeting on Oct. 20th:

“The annual membership meeting of the Tropic Isles Condominium Owners Association, Inc. will be held Saturday, October 20, at 3:00 P.M. The meeting will be held in the La Quinta Inn, 213 West Fort Morgan Road, Gulf Shores, Alabama.”

Agenda:
1. Budget
a. Assessment vs increase in Dues
b. Insurance renewal
2. Elect two new Board Members
3. Outstanding Issues with Complex – need to add money to budget?
a. Water leaks outside wall columns 01 and 05
b. Rust streaks on Front of Complex (oceanfront)
c. Lobby Floors
d. Wood Deck and Shower -
e. Moving Dumpster from under building


The Insurance renewal for this year should be completed by the end of the week. The new rate should be around $61,000(total) down from the $191,000 (total) last year. Big Thanks to Bill Roberts for working the insurance companies…


***Cancelling Work Day on Oct. 20th***
The Product for the floors will not work with our situation.
Thanks to everyone who had planned on attending the work day.