Read CTA Minutes 090512.doc text version

COTTONWOODS TOWNHOME ASSOCIATION MONTHLY BOARD MEETING Tuesday ­ 7:00 P.M. May 12, 2009

Board Members Present: Bill Shepard, Stuart Ohlson, Edrea Learned, Carol Bare, Judy Winston Homeowners Present: Gary McGill #5, Patty Polsky #7, Jim Winston #22, Norma Kincais #16 Others Present Anita Sherrill - Sargent Real Estate Services CALL TO ORDER Bill Shepard called the meeting to order at 7:05 p.m. APPROVAL OF MINUTES Carol Bare moved to approve the minutes as written. Edrea Learned seconded the motion. Bill Shepard, Stuart Ohlson, Edrea Learned, Judy Winston and Carol Bare approved. FINANCIAL REPORTS Discussion regarding budget, dues increase, pursuing past due amounts and possibility of securing funds. OLD BUSINESS $3000 SPECIAL ASSESSMENT Bill Shepard asked for a motion to implement the $3000 Special Assessment. Carol Bare moved to implement the $3000 Special Assessment. Stuart Ohlson seconded the motion. Discussion opened. Bill Shepard called for a vote. Stuart Ohlson, Carol Bare, Bill Shepard - yes. Judy Winston, Edrea Learned ­ No. Stuart Ohlson made a motion to prioritize the necessary work items (Decks 3,4, and 20, remaining concrete work, and retention pond) in the order the board deems appropriate and as funds are available to complete projects. Carol Bare seconded the motion. Discussion opened. Bill Shepard called for a vote ­ Stuart Ohlson, Carol Bare, Bill Shepard, Edrea Learned ­ yes. Judy Winston ­ no. Motion carried. Judy Winston moved to rescind motions #1 and #2. Edrea seconded the motion. Discussion opened. Bill called for a vote. Bill Shepard, Judy Winston, Carol Bare, and Edrea Learned approved ­ Stuart Ohlson ­ Opposed. Motion carried. Judy Winston moved in order to facilitate the Denver Compliance Agreement projects (Decks 3,4, and 20, concrete work and retention pond) as funds become available. Edrea seconded the motion. Discussion opened. Bill Shepard called for a vote ­ Bill Shepard, Edrea Learned, Carol Bare and Judy Winston approve ­ Stuart Ohlson opposed. Motion carried. Liberty Savings Bank Judy Winston moved to extend the Liberty Savings Bank Line of Credit for a period of one year, interest only on the balance of approximately $52,000. Motion carried. NEW BUSINESS

Carol Bare moved to cancel the board of directors meeting to be held on May 19, 2009. Judy Winston seconded the motion. Motion carried. Pool Update - the pool will be open by Memorial Day weekend. HOMEOWNERS FORUM The Board was asked to consider a dues increase as it is taking the $400.00 a month to keep things operating. Further discussion. The Board noted the request. NEXT MEETING The next Board of Directors meeting will be held on June16, 2009 Judy Winston moved to adjourn to executive session at 7:45 p.m. Carol Bare seconded the motion. All approved. Respectfully submitted: ___________________________ Bill Shepard

Information

CTA Minutes 090512.doc

2 pages

Find more like this

Report File (DMCA)

Our content is added by our users. We aim to remove reported files within 1 working day. Please use this link to notify us:

Report this file as copyright or inappropriate

257754