…and now the rest of the story: Co-op meeting (part 2) March 19.

1. President’s report of the board’s accomplishments in their first year will be posted on their web site (see link below.)  He pronounced their first year as “a success.”

2. Treasurer Owen Barnhart reported that a $75,000 surplus was used to drop into the bank’s mortgage bucket and reduce the principle. He also said that the Co-op was able to pay all its bills and set aside cash reserves for future projects.

3. Kudos to Clarice Campbell, the site manager since September. Mr. Covington described her as “a perfect fit.”. Ms. Campbell thanked everyone for their support during her illness. (see #8 below)

The board also expressed their satisfaction with the fine job being done by Mr. David Hodges—maintenance man.

4. The Co-op has placed 19 houses up for sale, and they have sold 6. Currently there are 12 listed for sale. Their hope is to offer these homes at low prices (under $20,000) so as to turn them into rent-paying properties.

5. Recurrent problems with sewage lift station pumps have caused major expenditures of thousands of dollars. Just in the last two weeks there have been 2 pump failures.The damages have been caused by inappropriate items being tossed into toilets, causing obstructions and pump burnouts. About 50 wrappers from an ice cream product called a “drumstick” have been the main source of trouble, but one mop head was also an issue. Mr.Covington asked that all residents act responsibly. Note that one recent incident of lightening damage resulted in a $5,000 repair bill.

6. No vote was needed, as 3 candidates for 3 spots were officially seated for 3 year terms on the board: They are Owen Barnhart, Thomas Krebs, and Al Joseph.

7. An ongoing project is to try to sell shares in the Cop-op. Knowledgable residents meet with interested parties. Open houses have been held, and 3 new shares were recently sold. Also one Plan B share was paid off.

There was a discussion regarding the definition of the various share types. It seems that there is ongoing confusion regarding this subject. See the comments section of the co-op meeting part I at the top of this front page.

8. Manager’s report: The Strawberry social fed 300 people and was a “huge success.” Thanks to all who helped. Ms. Campbell is involved in all home sales in the park, and 32 have been sold since September, so the market is quite active. Clarice said, “I feel so blessed to work at Tropicana and I appreciate all your love and support.”

9. Rent increases: As noted above, the rents will be increased for next year. Mr. Covington said, “Rent increases are a fact of life.” As for fees to process rent payments, the cost is $3.50 per year for each renter, paid by the Co-op.

10. Ted Skrypak, Social Club President, spoke during the comments part and asked the board to “do better” in getting the information about their operations out to the shareholders. He also expressed concern about how the mortgage principal would be paid off. He called the debt the “big gorilla in the room.”

11. Dave Hodges, maintenance, is accepting side work in keeping property landscaping trimmed. Paul, one of the prior workers, is no longer doing work at Tropicana.

12. Recycling: PLEASE. No plastic bags in the aluminum can bin. If even one is found, the THA will lose money.

For more info, contact a member of the Board and look for the minutes, when they are available, on the web site at Tropicana co-op website link click here

Paul Goldfinger, editor at Tropicana Forum

3 thoughts on “…and now the rest of the story: Co-op meeting (part 2) March 19.

  1. John: Below each post (a post is an article) you will see the word “comments” If there is a number with it, eg 14, it means that there are 14 comments about that article. If you click on “comments” you will be able to read those 14 comments.

    Once a blog gets going, the best part becomes the comments where people can discuss issues with each other. I hope you enjoy that. If you have any more trouble, contact me at blogfinger@verizon.net (this is my email address.)
    Thanks for your interest, Paul

Comments are closed.

…and now the rest of the story: Co-op meeting (part 2) March 19.

1. President’s report of the board’s accomplishments in their first year will be posted on their web site (see link below.) He pronounced their first year as “a success.”

2. Treasurer Owen Barnhart reported that a $75,000 surplus was used to drop into the bank’s mortgage bucket and reduce the principle. He also said that the Co-op was able to pay all its bills and set aside cash reserves for future projects.

3. Kudos to Clarice Campbell, the site manager since September. Mr. Covington described her as “a perfect fit.”. Ms. Campbell thanked everyone for their support during her illness. (see #8 below)

The board also expressed their satisfaction with the fine job being done by Mr. David Hodges—maintenance man.

4. The Co-op has placed 19 houses up for sale, and they have sold 6. Currently there are 12 listed for sale. Their hope is to offer these homes at low prices (under $20,000) so as to turn them into rent-paying properties.

5. Recurrent problems with sewage lift station pumps have caused major expenditures of thousands of dollars. Just in the last two weeks there have been 2 pump failures.The damages have been caused by inappropriate items being tossed into toilets, causing obstructions and pump burnouts. About 50 wrappers from an ice cream product called a “drumstick” have been the main source of trouble, but one mop head was also an issue. Mr.Covington asked that all residents act responsibly. Note that one recent incident of lightening damage resulted in a $5,000 repair bill.

6. No vote was needed, as 3 candidates for 3 spots were officially seated for 3 year terms on the board: They are Owen Barnhart, Thomas Krebs, and Al Joseph.

7. An ongoing project is to try to sell shares in the Cop-op. Knowledgable residents meet with interested parties. Open houses have been held, and 3 new shares were recently sold. Also one Plan B share was paid off.

There was a discussion regarding the definition of the various share types. It seems that there is ongoing confusion regarding this subject. See the comments section of the co-op meeting part I at the top of this front page.

8. Manager’s report: The Strawberry social fed 300 people and was a “huge success.” Thanks to all who helped. Ms. Campbell is involved in all home sales in the park, and 32 have been sold since September, so the market is quite active. Clarice said, “I feel so blessed to work at Tropicana and I appreciate all your love and support.”

9. Rent increases: As noted above, the rents will be increased for next year. Mr. Covington said, “Rent increases are a fact of life.” As for fees to process rent payments, the cost is $3.50 per year for each renter, paid by the Co-op.

10. Ted Skrypak, Social Club President, spoke during the comments part and asked the board to “do better” in getting the information about their operations out to the shareholders. He also expressed concern about how the mortgage principal would be paid off. He called the debt the “big gorilla in the room.”

11. Dave Hodges, maintenance, is accepting side work in keeping property landscaping trimmed. Paul, one of the prior workers, is no longer doing work at Tropicana.

12. Recycling: PLEASE. No plastic bags in the aluminum can bin. If even one is found, the THA will lose money.

For more info, contact a member of the Board and look for the minutes, when they are available, on the web site at Tropicana co-op website link click here

Paul Goldfinger, editor at Tropicana Forum