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CALL TO ORDER
The meeting was called to order by Katie O'Neill, President at 6:35 pm. Six (6) owners were in attendance.
ESTABLISHMENT OF A QUORUM
There is a quorum of four (4) Board members present.
ACTION ITEM #1: APPROVE MINUTES
Lance Parker made a motion to approve the minutes from the October 22nd, 2019 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
December 31, 2018 the Association has $164,349.80 in our operating
accounts, Operating cash $137,054.54, and Operating Money Market
$18,095.15. Our reserve account has $424,676.19. Total assets
$572,230.12.
ACTION ITEM #2: APPROVE 2020 BUDGET
Lance Parker made a motion to accept the insurance proposal From
Mesirow Insurance for our 2019 insurance from Admiral. This was
seconded by Jerry Massa. The motion was passed.
MEETING ADJOURNMENT
Lance
Parker made a motion that the meeting be adjourned at 7:03pm. This was
seconded by Daina Gjemre. The motion was passed unanimously.
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