Board of Directors Meeting Minutes
January 3, 2011

The following Directors were present:
John Garing, Sean Siegel, Jewell Jones, Randall Weddle, Mark Brys, Jody Brady

The following LSRA members were present:
There were no members present

Also present:
Ed Canfield (Managing Agent)

Quorum
A quorum being present President Jewell Jones called the meeting to order at the hour of 7:37m.

Agenda
The Agenda was reviewed and approved

Minutes
The minutes of the December 6, 2010 Board of Directors meeting were reviewed and some minor changes were noted. Ida Dailey was listed as a Director when she was in fact a LRSA member. Also the delinquency report for December showed the Association lot listed as late. This was labeled as the 229th lot. It should have read Unit 424. John Garing moved to approve the December 6, 2010 minutes with corrections. Sean Siegel seconded. The minutes were approved with corrections.

Homeowner's Forum
There were no homeowners to speak at this meeting.

Receivable Report
The current receivable report was reviewed. The Board asked why the 229th lot was included in the delinquency report and could it be removed. Also make sure another friendly reminder to homeowners for 2010 dues is included with the January statements.

Financial Report
The financial report was distributed and reviewed.

Treasurer's report
Total Income to Date: $ 113,769.93
Total Expenses to Date: $ 74,388.78
Total Assets: $ 371,956.58
Total Uncollected Dues: $ 9,466.90

Committee Reports

Water
Sean reported on a billing from Northern Utilities on an approved dig of a homeowner's keybox. The invoice amount was reviewed and compared to the work that was done. Sean Siegel stated that this first dig on a keybox could be an indicator or potential costs for the future keybox project.

The Board asked the Managing Agent if Bill Kranach of Northern Utilities would attend the February meeting. The Board would inquire with Bill if he has other privately owned water utilities he may perform maintenance on and ask him more about his plan to inspect all homeowner's keyboxes.

ACC
There was no ACC report this month.

LRSA
There was no LRSA report at this meeting.

Common Area
There was no Common Area report this month.

Correspondence
An e-mail from Joy Kucinski concerning a tree that had fallen and was across an Association trail and touching on her fence was reviewed. Mark Brys volunteered to inspect and cut the tree away from the trail and off of the fence.

Unfinished Business
Next on the agenda was the election of officers that has been tabled since the Annual meeting. The floor was open for nominations. Jewell nominated John Garing to be president. Randall seconded. With no other nominations, Randall Weddle volunteered to remain as Vice President, Jody Brady volunteered to remain as Secretary and Sean Siegel volunteered to stay on as Treasurer. A vote was taken and the following officers were elected to the Board:

John Garing------------President
Randall Weddle------Vice President
Sean Siegel-----------Treasurer
Jody Brady------------Secretary
There were no changes to committee chairs.

New Business
The Board reviewed an Association Audit provided by Thomas Black CPA.

The next meeting is the monthly meeting to be held on February 7, 2011 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 9:10 p.m.

(Top)