Board of Directors Meeting Minutes
October 5, 2009

The following Directors were present:

Randall Weddle
John Garing
Sean Siegel
Jody Brady
George Dailey
Joy Kucinski
Jewell Jones

A quorum being present the President, Jewell Jones, called the meeting to order at the hour of 7:38 p.m.

The minutes of the September 14, Board of Directors meeting were distributed and reviewed. George Dailey moved to approve the minutes as written. Joy Kucinski 2nd the motion. The minutes were approved.

The Board reviewed the Treasurer's report:

Total Income to Date: $ 117,197.41
Total Expenses to Date: $ 89,160.85
Total Assets: $ 333,703.53
Total Uncollected Dues: $ 7,370.63

Jody Brady declared that she would resign as Treasurer. She said she would like to remain on the Board as a Director. Jody brought a printer to the meeting to collect identification information in regards to signature cards at Denali.

Jody reported that several CDs would mature in the month of October. She also provided documents showing the history of how and why the CDs were initially proposed in 1996. The Board discussed ways to increase the returns for the matured CDs. Whether to seek a different lending institution, or combining the (3) matured CDs into one were some suggestions.

Randall Weddle motioned to move $35,000.00 from the reserve cash account to a new CD. George Dailey seconded and the motion was approved.

Committee Reports

Water
The Board discussion included a quick review of Mr. Kranich's presentation last meeting. Sean Siegel suggested that a decision on the Key Box location and testing should be shelved until next year. This would give time to analyze all aspects of the questions that have been brought up. Should the Association pay for this project? What if some homeowners do not want to participate. Can a home be sold if the key box is not located? Who is responsible for the key box? How are the key boxes affected if they are in the road right-of-way? How will the project be financed? The Board will discuss this further at the Annual meeting.

ACC
There was no ACC report

LRAS
The asphalt contractor will return to site to expose a key box covered with asphalt at the southeast corner of Crooked Tree and Main Tree.
Ida commented the Association looks great, from home improvements to the new paving. She also noted that all streetlights look to be working.

Common Area
Jewell reported that modifying the lights that shine on the entry sign at O'Malley and Main Tree is difficult due to permitting and permission hurdles between the Municipality and Chugach Electric.

Correspondence
A letter to the Board from 10410 Lone Tree concerning damage to his driveway from the asphalt contractor was directed to LSRA.

Unfinished Business
The improvement/repairs to the pump house that Mr. Kranich touched on at the last meeting was shelved until next year

The managing agent was asked to send a letter to 10014 Main Tree Dr. in reference to the appearance of the property and the abandoned vehicle.

New Business
George Dailey motioned to approve the proposed $20.00 increase to the budget. Randall Weddle seconded and the motion to increase the budget was approved.

The managing agent will check on what positions are up for election at the October 15 Annual meeting.

The next meeting of the Board will be the Annual meeting held on October 15th, at the hour of 7:30 p.m. at the Christ Church, 5101 O'Malley Road.

Being no further business to come before the Board at this time the meeting was adjourned at the hour of 9:05 p.m.

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