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Bacon Hill Homeowners’ Association
Board of Directors Meeting Minutes
July 20, 2025
Administered on Zoom by Kathy Adams

Present: Michael Foor-Pessin, Kathy Adams, Chris Adams, Jim Colling, Pat Gannon, Chris Sedlack, Tyler Wainwright, Dan Garcia, Jim Richardson
Unable to attend: Ryan Kiggins, Brian Davis

The meeting is called to order at 4:02 PM. The minutes were previously sent out by email.  Pat Gannon makes a motion to approve the minutes, seconded by Jim Colling and the motion carries.

Tyler states that the new Borotek quote for a two-year project on the North Road has been provided.  Total cost is $28,500, with $17,000 for year one and includes the cost of fill which was installed this week (270 yards of gravel fill were installed 7/16/25 @ $8/yard.)  This quote takes into account that Ryan Kiggins has volunteered to clear the North Road 15 feet from center on both sides of the road.  Year two is quoted at $11,500. 

Discussion about accepting this quote and deciding how to pay for the work.  50% of $17,000, $8500, is due now.  Chris Sedlack states we currently have $24,310 in checking and $15,920 in emergency funds.  He does anticipate that we will be billed another $8500-$9000 in insurance this year.  Jordan Delacourt, Key Bank manager, has indicated they would lend the money to the Association without collateral in recognition of the 38 years we have worked together.  There would be a loan origination fee of $286.  Chris Sedlack asks that the Board make a commitment to taking out a $12-15,000 loan when needed.

Kathy Adams makes a motion to move forward on the two-year project, to approve the two-year quote dated 7/17/25, and pay the down payment of $8500 now.  We also agree to take out a loan to cover the remaining expenses when needed.  Pat Gannon seconds, and the motion is carried unanimously.

Mike Foor-Pessin states that the next steps need to take place to approve the Covenants and Bylaws.  Kathy Adams will review the documents and delete any strikeouts and will email the documents to the Board for review. 

The Annual Beach Party, which was cancelled due to thunderstorm warnings on 7/20, will be rescheduled to 7/27.

Next Board meeting is scheduled for August 5 at 7:00 PM.

Jim Colling makes a motion to adjourn, and Tyler Wainwright seconds it.

Meeting is adjourned at 5:15 PM.

Respectfully submitted,

Terry Foor-Pessin
Board Secretary
 

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