2018 Annual Meeting
The 2018 OTCC Annual Meeting was held on Sunday, May 6 at 7:00 p.m., at the Lake Pine Club House on Taunton Boulevard.
Dam Committee chairman Steve Lennon reported thework on the dam restoration is nearly complete. Only a small amount of additional work remains to be completed, after which final approval will be sought from the NJDEP. Treasurer Jerry Klein reported that there were no additional drawdowns in 2017 or so far in 2018 on the $433,000 20-year low interest loan provided by the State to help finance the dam construction. The remaining costs of construction will be relatively modest, so the entire project will come in well below budget. We currently have $263,519 in our reserve account, so we are well positioned to be able to make the loan payments without difficulty. Once final figures are in, we will be looking in to the possibility of accelerating our loan payments to minimize the amount of interest expense over the nominal life of the loan.
Here are the handouts given out at the meeting.
Voting for Trustees
Three incumbent trustees were nominated for re-election. No one was nominated from the floor. Those re-elected are:
| Gerry Burke * | |
| Jerry Klein * | |
| Steve Lennon * |
*incumbent