Board of Directors Meeting Minutes
February 1, 2010

The following Directors were present:

Jody Brady
John D. Garing
Mark Brys
Joy Kucinski
Sean Siegel
Michael Smith

Also in attendance:

Russ Kucinski
Ed Canfield (Managing Agent)

Quorum
A quorum being present the Secretary, John Garing, called the meeting to order at the hour of 7:36 p.m.

Agenda
The Agenda was reviewed. Mark Brys moved to approve the agenda. Joy Kucinski 2nd. The agenda was approved.

Minutes
The minutes of the January 11, 2010 Board of Directors meeting were distributed and reviewed. Michael Smith moved to approve the minutes as written. Joy Kucinski 2nd the motion. The minutes were approved.

Receivable Report
The current receivable report was reviewed. Sean Siegel moved to approve the receivable report. Joy Kucinski 2nd. The receivable report was approved

Financial Report
The financial report was distributed and reviewed.

Treasurer's report:
Total Income to Date: $ 50,312.00
Total Expenses to Date: $ 3,554.65
Total Assets: $ 378,518.10
Total Uncollected Dues: $ 59,502.903

Water
Sean Siegel stated he would try to put the as-built drawing showing the location of key boxes on the Valli Vue web site.

ACC
There was no ACC report.

LRSA
Winter roads are good. The sanding monitoring also seems to be going good.

Common Area
Two floodlights are out at the Main Tree entry sign. Mark Brys will attempt to change them out.

Correspondence
There was no new correspondence.

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. John Garing is also trying to gather information.

New Business
Michael Smith motioned to close the Merrill Lynch account and move the funds to another local institution. Sean Siegel 2nd. The motion was approved.

The next meeting of the Board will be held on March 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 8:55 p.m.

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