Waterford at Smith Lake
Board of Directors Meeting Minutes
February 24, 2026
Meeting Called to Order:
The meeting was called to order at 6:01 P.M. by Don Monistere, President, and seconded by James Eidson.
Board Members Present
- Don Monistere, President
- James Eidson
- Caleb Bright (Bright Management)
- Travis Tidwell, Secretary
- Judy Wise
- Jim Turner
- Brad Parnell
Board Members Absent
- None
Old Business
Reserve Study Update
Don suggested updating the Reserve Study, as most items identified in the current study have been completed. Don will contact the firm that conducted the previous study to obtain a cost estimate for updating the report and will report back to the Board.
Dock #1 Electrical Issue
Dock #1 continues to experience electrical problems. An electrician is currently evaluating the issue to determine the cause and necessary repairs.
Property Updates (Caleb Bright)
- Crepe myrtles have been trimmed.
- Elevator sensors have been repaired.
- Railing installations are scheduled to begin mid-March.
- EIFS work is scheduled to begin mid-March.
Building 200 – Water Intrusion Update
Caleb reported that the remediation company is currently on hold, as attorneys are involved and work cannot proceed until a responsible party signs to authorize payment.
The Board discussed how to proceed given potential health concerns. Don will contact the affected unit owners before the HOA makes any decision regarding moving forward to address potential health risks.
New Business
Owner Voting Concerns
The Board discussed an owner’s concerns regarding voting procedures for upcoming improvement projects and considered how best to proceed.
Delinquent Owner Payments
The Board discussed how to address owners who are delinquent on payments related to upcoming building and shoreline projects.
Building 204 Walkway
Wood posts at the Building 204 walkway require screws to be removed. The matter will be addressed.
Adjournment
The meeting was adjourned at 6:59 P.M.
- Motion: Don Monistere
- Second: James Eidson
- Result: Approved by the Board