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CALL TO ORDER
The meeting was called to order by Lance Parker at 3:03pm. Eight (8)
owners were in attendance.
ESTABLISHMENT OF
A QUORUM
There is a quorum of four (4) Board members present.
ACTION ITEM #1:
APPROVE MINUTES
John Higginson made a motion to approve the minutes from the October
21st, 2020 Board of Directors Meeting as presented. This was seconded
by Del Cahill. The motion passed unanimously.
TREASURER'S
REPORT
Lance Parker, Board Treasurer gave the Treasurer’s Report. As of
January 31, 2020, the Association has $160,188 in its operating account
and $603,661 in its reserve account for a total of $763,849 for total
assets.
ACTION ITEM #2:
APPROVE DRAFT BUDGET
Lance Parker made a motion to approve the 2021 budget which calls for a
3.25% increase. The budget draft was mailed out to all owners for their
30-day review. This was seconded by Del Cahill. The motion passed
unanimously.
ACTION ITEM #3:
APPROVE STAIRWELL BARRIER.
John Higginson made a motion to approve approves the installation of a
partition built with chain link fencing the stairwells by Premier Lock
and Door for $6,910. This was seconded by Neal McCrillis. The motion
passed unanimously.
MEETING
ADJOURNMENT
Lance Parker made a motion that the meeting be adjourned at 3:30 pm.
This was seconded by John Higginson. The motion was passed unanimously.
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