CLEARWATER SAND KEY CLUB, INC., NO. 1, A CONDOMINIUM
Special Board of Directors Meeting
Thursday April 3, 2025
6:00 PM
Meeting ID: 275 030 994 684
Passcode: Xs6Dz7MD
Call the meeting to order
Certify Quorum
Proof of Notice
The purpose of the Special Board of Directors Meeting is to adopt at Special Assessment in the amount of $118,710.95
The breakdown of the projects covered in the Special Assessment is as follows:
| ITEMS | AMOUNT |
|---|---|
| Unit 1201 Lawsuit Settlement | |
| Cash settlement to Kara Dobberstein | $35,000.00 |
| Insurance Policy deductible | $5,000.00 |
| Legal fees paid to Greenberg and Nikolof | $1,150.00 |
| Total Lawsuit settlement costs | $41,150.00 |
| Todd’s sod replacement | $13,500.00 |
| American Roll up remove old gate | $1,987.00 |
| Repair/rebuild water softener | $12,823.95 |
| Replace East roof fan | $5,650.00 |
| Storm surge building protection | $41,000.00 |
| Update SIRS Reserve report | $2,600.00 |
| Total other | $77,560.95 |
| Total Amount of the Special Assessment | $118,710.95 |
The Special Assessment will be due on May 1, 2025.
Payment of the Special Assessment will be by separate payment coupon and will not be automatically deducted from your account if you are signed up for ACH for your monthly maintenance fee payments.
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CLEARWATER SAND KEY CLUB, INC., NUMBER 1, A CONDOMINIUM
Below is a breakdown per unit of the Special Assessment payment allocation:
| Units | Class Type | % of Own | # Units | % Own by Class | Payment | Total Assessment |
|---|---|---|---|---|---|---|
| 103 | MN1 | 0.61600% | 1 | 0.6% | 731.26 | 731.26 |
| One Bedrooms | MN2 | 0.66190% | 6 | 4.0% | 785.75 | 4,714.49 |
| Two Bedrooms ending 3,4,5and 6 | MN3 | 0.87500% | 34 | 29.8% | 1,038.72 | 35,316.51 |
| Two bedrooms ending 1,2,7 and 8 | MN4 | 0.93800% | 48 | 45.0% | 1,113.51 | 53,448.42 |
| 105 | MN5 | 1.04600% | 1 | 1.0% | 1,241.72 | 1,241.72 |
| Three Bedrooms | MN6 | 1.08900% | 6 | 6.5% | 1,292.76 | 7,756.57 |
| Penthouse 3,4,5 and 6 | MN7 | 1.60100% | 4 | 6.4% | 1,900.56 | 7,602.25 |
| Penthouse 1,2,7 and 8 | MN8 | 1.66500% | 4 | 6.7% | 1,976.54 | 7,906.15 |
| Totals | 104 | 100.0% | 118,710.95 |
Any funds left over from the Special Assessment will be moved to the Reserve account and used for Plaza deck restoration.
Please feel free to contact me if you have any questions regarding the Special Board of Directors Meeting or the proposed Special Assessment.
This notice was mailed to all unit owners at their last known address on file in the Association’s records on March 18, 2025.