Burnt Store Marina
THE BEACON Another Seabreeze Publication
VOL. 23 NO. 5
MAY 2024
View The Beacon online at http://bsm22.org
From The Section 22 BOD By Greg Beaton, Treasurer For this month’s Section 22 BOD update, let’s talk $$$. We will take stock of where we are today, and what lies ahead on the financial horizon. In broad strokes, we currently have $4 mm in our coffers; $3 mm resides in Section 22 accounts, of which $1.2 mm is in reserves. The remaining $1 mm is in various Amenity Asset (let’s call them AA) accounts – BSMCC, Fitness Center, Irrigation, and soon, the BSM Dog Park. On the surface it looks like our cup runneth over with cash, but that is not the whole picture. Section 22 budgeted expenses for 2024 are expected to be $1.9 mm. Plus post Hurricane Ian, the likelihood of expenses exceeding our projections is expected. In addition, we are starting a 3-year project to repair and/or resurface our roadways that will deplete our reserves. We are also looking into backup wells for both the irrigation pond and golf course. Both have single wells that compete with each other for water. That could lead to a lot of dead grass and plants in the event of a failure. This will also come from reserves. The lion’s share of cash in our AA accounts is tied up as working capital. Moreover, our Amenity Assets are showing signs of age and strain, operating at full capacity. So, is the glass half empty or half full? I have been Treasurer long enough now to be able to say that past Boards’ stewardship has been excellent. We have the ability to address our critical items, and some flexibility to upgrade AA where and when possible. I say 60% full. But, the next couple of years will be interesting. It is not too early to start looking at getting from reactive to proactive in our aging equipment and facilities. Past Boards and this Board have been using excess AA debt assessments to pay down debt. The loan balance for the AAs, as of March 2024 stands at $1.5 mm, and was originally scheduled for 2/24/27, but with the prepayments will be paid off in July or August 2026. What lies beyond that payoff date? Section 22 HOA will be the sole owner of vibrant, well-run amenities, a testament to our community’s engagement and management success. Yet, day-to-day challenges persist, requiring ongoing attention and investment. As new developments sprout along Burnt Store Road, we will not try to compete with them, but we should not lose long-term BSM homeowners because our AAs are rundown and broken. Vision 2025 (although perhaps 2026/2027) will chart our course forward, drawing on
Happy Mother’s Day! Gallinules (Moorhens) along Pelican #8. By Rick Read the expertise and insights of our community members. Projects such as expanding the fitness center, adding more courts, extending our cart paths on the golf course, and a grandchildren’s playground are ideas that have merit, but will take time, planning and money. It was not that long ago we had no grass on the golf course, Linkside Café was open two nights a week, and pickleball was a curiosity. There is no question that the AAs add to our property values, and our quality of life. Our goal as a Board, and as fellow homeowners is to elevate BSM each year. Finally, from the beginning of 2023, we are posting financials for Section 22, BSMCC, Fitness Center, Irrigation, and by the end of this year the BSM Dog Park. Those that are still reading probably are interested in them. They are on the bsm22.org resident portal, and I welcome questions about them at our monthly Board meetings.
Architectural Review Committee By Barry Groesch, Chair Are you thinking about updating your home? Any changes to the exterior of residences in Burnt Store Marina (BSM) are required to have Architectural Review Committee (ARC) approval. This applies to all homes, including homes in a condo association. If this approval is not granted through ARC, you may be asked to modify or remove the changes made. All requests are made by completing an ARC form, and adhering to Section 22 Home Owners Association (HOA) Restrictions. Remember to write legibly, and complete the entire form including having your condo representative sign off (if required). Delays will occur if it cannot be deciphered, or the form is not completed in its entirety. Thanks. The following applications were approved last month by the Section 22 HOA ARC: • Robert & Ann Mansfield, 3273 Sunset Key Circle, roof replacement. • Jennifer Calenda, 23965 Vincent Avenue, hurricane shutters. • Anthony Laska, 24062 Redfish Cove Drive, pool cage replacement. • Thomas Paschke, 3801 Cobia Villas Court, hurricane shutters. • William & Nancy Siegmund, 3332 Sunset Key Circle #B, lanai window enclosure. • Charlie & Beth Kuntzleman, 3304 #D Sunset Key Circle, lanai window replacement. • Dean Wiley, 3261 Sunset Key Circle, window replacements. • Kimberly Blair, 3369 Sunset Key Circle, exterior paint. • Keith Shorr, 3091 King Tarpon Drive, exterior paint. • Keith Shorr, 3091 King Tarpon Drive, roof replacement. • Rick & Susan Dreher, 3225 Sunset Key Circle, window replacements. • Richard & Penny Bagwell, 3981 Key Largo Lane, pool cage update. • Judy Gannaway, 1532 Islamorada Boulevard, landscape curbing. • Paul & Meg Crowley, 4010 Big Pass Lane, landscape update. • David & Anita Field, 5020 Key Largo Lane, roof replacement. • Steven Mayo, 4005 Cape Cole Boulevard, roof replacement. • Tim & Lynne Parsons, 1621 Islamorada Boulevard, landscape curbing. • Jim & Karen Zachacz, 1524 Islamorada Boulevard, landscape curbing. • SK1 Homeowners Association, 3285 Sunset Key Circle, tree removal. • Sean Hurley, 24621 Dolphin Cove Drive, roof replacement. • Randolph Clarkson, 3953 Cape Cole Boulevard, roof replacement. • Robert & Sara Washicheck, 3949 Cape Cole Boulevard, exterior trim change. • Barbara Simeri, 3020 Big Bend Circle, roof replacement.
• Barbara Simeri, 3020 Big Bend Circle, screen color change. • James & Ann Butler, 1311 Marathon Way, exterior paint. • Lori Luscher, 3416 Sunset Key Circle Unit B, window replacements. • Kevin & Evelyn Kazacos, 3070 Big Bend Circle, exterior door replacements. • William B. Burns, 4041 Cape Cole Boulevard, window replacements. Section 22 restrictions and applications are available for download at BSM22.org. Submit your ARC applications to your condo association, if applicable, then to Alliant Property Management, 13831 Vector Ave, Fort Myers, FL 33919, Email: apmsupport@ alliantproperty.com.
An ARC did you know, moment… By Barry Groesch, Architectural Review Committee Chair Did you know…When replacing exterior doors or windows, an ARC application is required. For all projects, go to the BSM22.org website to get your application.
Reminder: Section 22 HOA Board Meeting Tuesday, May 28, 9 a.m., Linkside Patio Section 22 HOA Board Workshops Every Tuesday, 9 a.m., Linkside Patio