THE COVE

Naples, Florida
Minutes of the Board Meeting of
The Cove Homeowners Association, Inc.
Held on Thursday, January 14, 2016
The Board of Directors of The Cove Homeowner Association, Inc. was held Thursday, January 14, 2016,
at The Cove Swimming Pool Clubhouse.
Board Members Present:

Valerie Weinberg, President

Anthony Conti, Vice President
Kirsten Conover, Treasurer
Peter Haestier, Director
Andy James, Director

Also Present:

Danielle Carter representing the Associations attorney firm

Hamilton Mikes.
Nekko Gikas representing the Associations property management
firm Paramont Property Management.

Call to Order and Establishment of a Quorum:

The meeting was called to order at 7:00 P.M. by Danielle Carter representing the Associations attorney
firm Hamilton Mikes.
Motion: Valerie Weinberg made a motion to appoint Danielle Carter as chairperson of
tonights Board Meeting, Anthony Conti seconded the motion. The motion unanimously
prevailed.
A quorum of Directors was established.
Proof of Notice was established.
Notice of the meeting was posted in accordance with Florida State Statutes.
Previous Minutes:
Motion: Peter Haestier made a motion to approve the Board Meeting Minutes of
Thursday December 10, 2015. Valerie Weinberg seconded the motion. The motion
unanimously prevailed.

President Report:
Board President had nothing to report because all of her topics will be covered throughout the course
of the meeting.
Attorneys Report:
Danielle Carter mentioned during her attorneys report:

The foreclosure and lawsuit of unit 5661 Cove Cir. is still pending and nothing has changed since
the last board meeting.

It`s was recommended that the Association dismisses the lawsuit with the previous renters in
unit 5485.
Motion: Anthony Conti made a motion to dismiss the lawsuit against the previous
renters of unit 5485. Valerie Weinberg seconded the motion. The motion unanimously
prevailed.

Also mentioned that she will file a voluntary withdrawal of this lawsuit.

Also mentioned recommends that the Association does not pay John Davis Accounting firm the
$9,000 invoice that is being disputed. The Association is pursuing legal action against John Davis
at this time.

Financial Report:
Nekko Gikas mentioned during his Financial Report:

Operating Account balance as of November 30, 2015 is $139,841.91

Reserve Account balance as of November 30, 2015 is $777, 903.82

Prepaid Insurance as of November 30, 2015 is $2,331.18

Utility deposit as of November 30, 2015 is $948. 50

Zero dollars in Accrued Expenses.

Zero dollars in Prepaid Assessments.

Owners Equity as of November 30, 2015 $13,943.00

Total Revenues negative variance of $7,786.47 for the month and a positive variance of
$30,544.98 year-to-date.

Total Operating Expenditures a positive variance of $8,666.47 and a negative variance of

$11,110.87 year-to-date.

Total Revenues as of November 30, 2015 is $33,112 representing a positive variance of $880.00
for the current month, and a positive variance of $19,434.11 year-to-date.
Motion: Anthony Conti made a motion to approve the Financial Report. Peter Haestier
seconded the motion. The motion unanimously prevailed.

Old Business:

Property Manager presented to the Board, a proposal from Easy Clean in the amount of
$6,120.00 to Bio wash 136 roofs Bi-Annually, The Board decided to table this matter and to
address it during the next Board Meeting.

Property Manager presented to the Board, a proposal from Rapp Fence to repair the fence on
the corner of Vanderbilt and Logan Boulevard for $175.00
Motion: Valerie Weinberg, made a motion to approve the proposal from Rapp Fence to
repair the fence for $175.00, Kirsten Conover seconded the motion. The motion
unanimously prevailed.

The Board had a group discussion on whether to keep the storage facility or to keep a unit half
the size of the current unit, the Board decided to table this topic until the next Board Meeting.

Property Manager presented to the Board 3 different proposals, from Blue Landscaping, Estates
Landscaping and Valley Crest Landscaping for the Associations landscaping contract.

The Board had a group discussion on the pros and cons of each one of landscaping companies.
Motion: Anthony Conti made a motion to approve Estate Landscaping proposal with the
same level of service plan used from the previous year for $103,092.00. Peter Haestier
seconded the motion. The motion unanimously prevailed.

Property Manager presented to the Board a proposed Budget and reviewed each line item and
compared year-to-date figures as of November 3P, 2015.

New Business:
There was no New Business to discuss.

Scheduling of the next Board Meetings:

The next Board Meeting is scheduled for Thursday, February 18, 2016 and 7:00 P.M. to
be held at the Swimming Pool Clubhouse.

Annual Meeting is scheduled for Thursday, March 24, 2016 and 7:00 P.M. to be held at
the Swimming Pool Clubhouse.

ADJOURNMENT:
Motion: With no further business to conduct, a motion was made by Anthony Conti, and
seconded by Peter Haestier to adjourn the Board Meeting at 8:34 p.m. The motion
unanimously prevailed.
Respectfully submitted,
Nekko Gikas Licensed Community Association
Manager Paramont Property Management

Secretary