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CALL TO ORDER
The meeting was called to order by Kristin Zandstra, Secretary at 6:33pm.
ESTABLISHMENT OF A QUORUM
There is a quorum of five (5) Board members present.
ACTION ITEM #1: APPROVE MINUTES
Jim made a motion to approve the minutes from the December 8th, 2016 Board of Directors
meeting as presented. This was seconded by Jerry Massa. The motion passed unanimously.
TREASURER'S REPORT
Lance Parker, Property Manager gave the Treasurer's Report. As of January 30th, 2017 the Association has $247,630 in its operating account and $163,680 in its reserve account for a total of $411,314. The bank loan balance is $ 109,952.
ACTION ITEM #2: APPROVE INSURANCE PROPOSAL
Kristin Zandstra made a motion to accept the 2017 insurance proposal from Admiral presented by Mesirow Insurance. This was seconded by Jerry Massa. The motion passed unanimously.
ACTION ITEM #3: MURPHY AND MILLER MAINTENACE CONTRACT
Jim made a motion to approve the maintenance contract with Murphy and Miller in the amount of $4733.88 will be paid quarterly at $1207.14 per quarter. This was seconded by Lance Parker. The motion passed unanimously.
MEETING ADJOURNMENT
Kristin Zandstra made a motion that the meeting be adjourned at 6:35pm. This was seconded by Jerry Massa. The motion was passed unanimously.
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