Board of Directors Meeting Minutes
January 11, 2010

The following Directors were present:

Jody Brady
Randall Weddle
Michael Smith
John D. Garing
Mark Brys

Also in attendance:

Bill Rathke (LRSA)
Ida Dailey (LRSA)
Ed Canfield (Managing Agent)

Quorum
A quorum being present the Vice President, Randal Weddle, called the meeting to order at the hour of 7:40 p.m.

The minutes of the December 7, 2009 Board of Directors meeting were distributed and reviewed. George Dailey moved to approve the minutes as written. Michael Smith 2nd the motion. The minutes were approved.

Receivable Report
The current receivable report was reviewed and the Managing Agent provided updates on accounts. Three accounts showed aged balances and the person on the account have not owned the unit for a lengthy amount of time. The Managing Agent advised that the cost to collect would outweigh the balances due. George made a motion to close these accounts as uncollectible. Randal 2nd and the motion was approved.

Randal Weddle asked the Managing Agent when the office of Ralph Ertz was initially used for delinquent accounts and if the Board approved using this firm.

Financial Report
The financial report was distributed and reviewed. Jody Brady gave an update on the reserve accounts, specifically the CD's that are in various banking institutions. She reported that the (3) CD's that matured at Denali Federal Credit Union were rolled over to new CD's with new identifying account numbers.

Treasurer's report:
Total Income to Date: $ 119,167.42
Total Expenses to Date: $ 101,760.53
Total Assets: $ 322,608.86
Total Uncollected Dues: $ 8,390.43

George Dailey moved to approve the financials. Michael Smith 2nd and the financials were approved.

Committee Reports

Water
There was no Water report.

ACC
There was no ACC report.

LRSA
There was no LRSA report.

Common Area
There was no Common Area report.

Correspondence
A Letter From Allstate Insurance was reviewed. A citizen hit a guardrail and Allstate notified Valli Vue of the damages. The Board commented that the guardrail was not part of Valli Vue and not action was taken.

Unfinished Business
The Managing Agent reported the he is still working through Chugach Electric's marketing and customer service departments to find a potential schedule for LED light replacement for street lights throughout the Association.

New Business
There was no new business for the Association.

The next meeting of the Board will be held on February 1, 2010 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 8:25 p.m.

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