Long Term Capital Funding/Improvement Subcommittee November 4th, 2020 Meeting Scheduled

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BPBCA BOG October 22nd, 2020 Meeting Minutes

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Attachments to October 22nd, 2020 Minutes #1

Attachments to October 22nd, 2020 Minutes #2

Long Term Capital Improvement Task Force September 21st, 2020 Meeting Minutes

Long Term Capital Asset Committee notes for September 21, 2020 meeting

In attendance were Rick Diachenko, Janet Bonelli, Phil Lombardo, Al Capozza, Mike Johnson, Dan Lemieux, and Ed Zito,

The committee reviewed possible new income sources for funding long term assets. The suggested ideas from each member were evaluated and sorted into priory groupings of High, Medium, and Low.

We still have not received the final engineering report we need for assessing the value and maintenance costs of our shoreline assets. We scheduled another meeting for October 19th at 10:00 for that purpose.

Phil Lombardo

BPBCA Longterm Capital Improvement Task Force September 21st, 2020 Meeting Scheduled

 

Notice:
The next Long term Fiscal Planning/Capitol Improvement Task Force Meeting will be on Monday September 21 at 9:00 in the clubhouse.

BPBCA September 5th, 2020 Annual Informational Meeting Minutes Posted

View Minutes Here

Long term Capitol Improvement Task Force August 31st, 2020 Meeting Notes Posted

BP Long Term Asset Funding Committee Meeting Notes 8/31/20

 

In attendance were Rick Diachenko, Janet Bonelli, Phil Lombardo, Al Capozza, Mike Johnson, Dan Lemieux, Ed Zito, and Jim Moffitt.

 

Reviewed the assets list was discussed and no changes were made. The shoreline portion of the major assets list is still being developed. The remainder of the meeting was dedicated to that purpose.

 

Steve Beauchene attended as our shoreline resource. He provided an insight into the difference between the steel pier and the four breakwater piers. The breakwater piers are different and the cost of repair will be significantly lower.

 

We discussed the engineering report the Board received from GNCB Consulting. We asked Steve to get some clarification on some issues.

We asked for pier life spans and the cost of the suggested maintenance actions for the three piers that were evaluated. We also asked for the same data for the breakwater next to the boat launch. We also asked if the consultant had a methodology for projecting long term pier repair costs.

 

Our preliminary review has made it clear that the Association has significant assets and it must be responsive to the liabilities of maintaining these assets. The annual reserves we presently are making are inadequate.

 

As a response to this additional cost, the committee is looking at making recommendations for new revenue sources. Each member was asked to submit a list of possible revenue sources by September 14th.

 

The next meeting is scheduled for 9:00 on September 21st at the club house.

 

Longterm Capital Improvement Task Force August 11th, 2020 Meeting Minutes

Long Term Capital Funding Committee Minutes