Foxglove, Inc. Board Meeting Minutes – Budget – November 11, 2024 – 7PM
Meeting Called to order by Mark Surchin.
Roll Call – Board members present at Foxglove – Mark Surchin, Jamie Koster, Gerry Patnode, Steen Rasmussen.
Board members on Zoom – Bill Castiglione, Mary Barlow.
Shareholders at Foxglove – Laura Heine, Ana Leighton, Fran Zeligman, Kim Surchin, Bettina Hasselberg-
Borgquist.
Shareholders on Zoom – Barbara Barlow, Andre Zmurek, Tom, Heine, Yair Marianowski, Louis Molina.
Budget Discussion – Proposed Budget would require increase in quarterly maintenance for apartment to $1500 per
quarter and $1,976 total $235,866.00. Increase listed as 3% of current amount. Budget was available
on the website. Reserves are a separate cost of $1,800 per unit and $2,340 for cottage for the year.
Discussion included the amount budgeted for insurance, pest control for termites and question
whether the increase should be more based on increasing amount of 5% for some items.
If further major pest control is needed, a special assessment may be necessary.
Salary and bonus for Julio is increased as he has saved us money by doing a lot of jobs for the building.
The current year will not have a large surplus.
Question whether Wind insurance is necessary. Wind insurance for the building effects individual
shareholder insurance costs. Our Insurance Broker has been working with many companies to keep
our costs down.
Adjournment.
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Foxglove, Inc, Board Meeting Minutes – November 11, 2024
Called to Order by Mark Surchin
Roll Call – same as previous meeting. All Board members present.
Concrete Restoration Project – Concrete work has been completed and the permit closed. Painting has been
completed but they are going to come back for caulking and touch up.
Plumbing work is almost completed but issue with drainage from roof needs to be addressed.
The required Reserves Report has been submitted to the state.
Minutes from June 9, 2024 meeting approved.
Old Business – Renovation of cabanas – locks on bathroom doors and cabanas need to be replaces. Vents to be
added to doors, remove old wooden lockers and clean, paint, replace faucets and shower head fixtures add hooks for chairs.
Work to be done by Julio for minimal cost.
Security of front door – change lock to magnetic lock. Bernard will get the permit and make change.
Door handles and locks on each unit are the responsibility of each shareholder There are many
options but color should be similar.
Unit 1C – Non-payment of maintenance & Assessment– Unit has no electricity, in poor condition. Lawyers are to
proceed with foreclosure.
Unit 1J – has applied for permit for renovations.
Website – Roster is accessible only to Board now. If other shareholders request access they will be added.
The other documents are available on the new site as they were on the previous site. If there should be
changes, notify Mary.
House Rules and documents – held over for next meeting.
Next Meeting – Budget Approval – December 10, 2024 at Foxglove & on Zoom – 7PM.
Submitted, Mary Barlow, Secretary