Sevilla Board of Directors Meeting
February 20, 2024
Key Take-Aways
Financials
●There was an operating loss of approximately $81,000 in fiscal year 2023.
●Reasons for loss: Overages in maintenance repairs, roofing, irrigation, tree trimming, utilities, and insurance.
●In December 2023 alone, there was an operating loss of approximately $11,000.
Parking Patrol
●Patrol One for the third time within the last eight years was awarded the parking control contract.
●Patrol Masters was let go after little enforcement over the past few months.
Roofing – Replacement of Roofs
●Jim Murray Roofing’s recent inspection of the roofs revealed that the roofs of 16 out of 29 buildings are rated poor and the roofs of 13 buildings are rated as fair.
●The board indicated that the roofs of 16 of the buildings needed to be replaced.
●The board emphasized that the roofs are 35 years old and with harder rains are more susceptible to leaks.
●3 roofing bids will be solicited.
●According to the board, the reserves projection for roof replacement in 2040 would cost 2.4 million dollars.
●The board provided no answers on how it would fund the replacement of roofs for 16 buildings.
