Berrocco Gretta Sweater Pattern Help!

[bchan]

I'm working on my first cardigan http://www.berroco.com/189/189_gretta.html I am having trouble figuring out the neckline of the front pieces. I saw somewhere on Ravelry that there was a problem with the pattern, but I don't see any corrections.

LEFT FRONT
With smaller needles, cast on 36(40-42-48) sts.
Row 1 (RS): * K1, p1, rep from * to last 2 sts, end k2.
Row 2: * K1, p1, rep from * across. Rep these 2 rows until piece measures 1" from beg, end on Row 1.
Next Row (WS): Work 5 sts and sl these sts onto a holder, p to end – 31(35-37-43) sts. Change to larger needles and work even in St st until piece measures 2" from beg, end on WS.
Shape Waist: Dec Row (RS): K2, SSK, k to end. Rep this dec every 2" twice more – 28(32-34-40) sts. Piece should measure 6" from beg. Work even until piece measures 7-1/2" from beg, end on WS.
Inc Row (RS): K2, M1k, k to end. Rep this inc every 1-1/4" twice more – 31(35-37-43) sts. Work even until piece measures 12" from beg, end on WS.
Shape Raglan Armhole: Bind off 2(3-4-4) sts at beg of the next row, then p 1 row.
For size Small ONLY: Row 3 (RS): K3, KSP, k to end.
Row 4: Purl. Rep these 2 rows 20 times more.
For ALL sizes: AT THE SAME TIME, when 11(11-12-12) sts remain on needle and armhole measures 7-1/2(8-8-8-1/2)", end on RS.
Shape Neck (WS): Bind off 2(2-3-3) sts at beg of the next row then, continuing to work armhole decs, dec 1 st at neck edge EVERY row 5 times. Fasten off.

Shape Neck - it says dec 1 st at neck edge EVERY row 5 times, does it mean to bind off 1 stitch on? How should I do the decrease? I think I did it wrong for the LEFT front, and now I'm stuck on the right front.