Board of Directors Meeting Minutes
September 14, 2009

The following Directors were present:

Mike Smith
John Garing
Sean Siegel
Jody Brady
George Dailey

A quorum being present the Secretary, John Garing, called the meeting to order at the hour of 8:10 p.m.

Prior to the meeting with no quorum established at 7:30 p.m., Bill Kranich with Northern Utilities Svcs. discussed the main water line valves and key boxes for each property of the Association.

Part of the discussion stated that the Unit owner is responsible for the key box (metal shut-off instrument that leads to and shuts off main valve) and the Association is responsible for the valve. Mr. Kranich said that there might be difficulties locating some of the valves under ground and determining if the key boxes (shut off instruments) above ground would shut the valve off. He stated that one option to start would be to locate and test key boxes at each unit.

If the key box could be found visually and a simple test of the key box determined whether it worked or not, the cost would be between $25 & $50 per Unit. This would be Phase I.

Phase II would depend on how difficult it would be to locate the underground valve and key box. Costs for digging could add up quickly. Mr. Kranich asked the Board to consider if the Association would pay for this phase as a way to make the project as a whole get completed.

It was suggested that individually, many unit owners might choose not to find their valve. It was also noted this would help to keep mobilization costs to a minimum. At this point a quorum was obtained and as noted above the Secretary called the meeting to order at 8:10p.m.

The minutes of the August 3, Board of Directors meeting were distributed and reviewed. George Dailey moved to approve the minutes as written. Michael Smith 2nd the motion. The motion was approved.

The Board reviewed the Treasurer's report:

Total Income to Date: $ 117,094.81
Total Expenses to Date: $ 81063.80
Total Assets: $ 341730.77
Total Uncollected Dues: $ 7665.63

Jody Brady reported that new signature cards are needed at Denali AFCU.

Committee Reports

Water
The Board was asked if Alaska Pure Water Products could distribute a flyer in support of a water system they sell. The Board stated they do not endorse the product or the distribution of its flyer.

Roads
Bill Rathke reported on how well paving went this year. He complimented the paving contractor and everyone in attendance was happy with the new speed bumps. It was noted one homeowner complaint about speed bumps involved people with neck or back problems. Also it may slow down emergency vehicles. Bill said that speed bumps were installed in strict accordance to Municipal codes.

Bill also noted that there is a vacancy open on the LRSA. Homeowners interested in serving on the LRSA should contact Bill for more information.

Correspondence
A letter from a homeowner stated that the unit at 10014 Main Tree Dr. has been empty for an extremely long period of time. The yard has not been kept up and a vehicle has been parked there for years as well. The Board will table this matter with no action until it can be established if any Association rules warrant one.

The Board considered a letter from a homeowner requesting a $10 waiver. Michael Smith motioned to reject the waiver, George Dailey seconded and the request for waiver was denied.

There was a quick review of a "Motion to Serve by Publication" to a homeowner as noted on correspondence.

Sean Siegel and Bill Kranich reminded the Board to address the improvements and or repairs in and around the Well House at the next meeting.

The annual meeting of the homeowners will be held on Wednesday October 15th at the hour of 7:00 p.m. at the Christ Church, 5101 O'Malley Road. The managing agent will send out notices and a proxy to the homeowners.

The next meeting of the Board will be held on October 5th, 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 8:45 p.m.

(Top)