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CALL TO ORDER
The meeting was called to order by Jerry Massa, Vice President at 6:34pm. Five (5) owners were in attendance.
ESTABLISHMENT OF A QUORUM
There is a quorum of three (3) Board members present.
ACTION ITEM #1: APPROVE MINUTES
Lance Parker made a motion to approve the minutes from the June 27th, 2018 Board of Directors
meeting as presented. This was seconded by Daina Gjemre. The motion passed unanimously.
TREASURER'S REPORT
Lance Parker, Board Treasurer gave the Treasurer's Report. As of January 31, 2018 the Association has $154,547.85 in our operating accounts, Operating cash $128,074.92, and Operating Money Market $18,088.17. Our reserve account has $380,132.38. Total assets $534,680.23.
ACTION ITEM #2: APPROVE RESERVE STUDY
Lance Parker made a motion to accept the reserve study provided by Klein and Hoffman. This was seconded by Daina Gjemre. The motion was passed.
ACTION ITEM #3: APPROVE 2019 BUDGET DRAFT FOR DISTRIBUTION TO THE HOMEOWNERS
Lance Parker made a motion to approve of the 2019 Budget Draft to be mailed to owners for 30-day review. This was seconded by Daina Gjemre. The motion passed unanimously.
ACTION ITEM #4: APPROVE THE VIOLATION POLICY
Lance Parker made a motion to approve the Violation Policy in our Rules and Regulations. This was seconded by Daina Gjemre. The motion passed unanimously.
MEETING ADJOURNMENT
Jerry Massa made a motion that the meeting be adjourned at 6:39pm. This was seconded by Jerry Massa. The motion was passed unanimously.
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