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The Parke at Ocean Pines

The Parke
2 Arcadia Court
Ocean Pines, MD 21811
(410) 208-4994

April 30, 2019 Board Meeting Highlights

The Board of Directors held its April meeting on April 30, 2019.  Bill Glock, President of the HOA presided.  All Board members and Officers were present.   The regularly scheduled reports from the Treasurer, General Manager and Committees were accepted.

The Board approved:

To accept and approve the Emergency Preparedness Procedure Plan, as submitted by the Operations Advisory Committee and Emergency Preparedness Plan Sub-Committee.

The Dehumidifier repair Associa On Call/Modern Control Invoice #333608, in the amount of $3,751.05, charged to GL#6424 HVAC Services.

The Budget & Finance Committee’s recommendation to rollover $124,000.00, currently invested in a six (6) month CD with Beal Bank USA, GL1376, that will mature May 22, 2019, into a twelve (12) month insured CD with the best rate available, at the direction of PKS Investment Advisors.

The Budget & Finance Committee’s recommendation, that the interest on the maturing six (6) month Beal Bank USA CD, approximately $1,445.00, be deposited in the Schwab Money Market account, GL#1375.

The Communications Advisory Committee’s approved and recommended changes to the Website Terms of Usage procedures.  The subject changes were reviewed and approved by the Covenants Committee. 

The Communications Advisory Committee’s approved and recommended changes to the Website Privacy Statement procedures.  The subject changes were reviewed and approved by the Covenants Committee.

To accept the PKS prepared 2018 Draft Audit.

The Treasurer’s letter of instruction to the Bank of Ocean City that issues the following restrictions on the Association’s Debit Cards:

  1. Debit Card #0592- Maximum limit of $1,000.00 daily and no ATM access or cash withdrawals are authorized.
  2. Debit Card #0252- Maximum limit of $500.00 daily and no ATM access or cash withdrawals are authorized.

 

The next Board Meeting will be held on Wednesday, May 29, 2019 at 9:30am.  All residents are invited and encouraged to attend.

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