What's New

CALL TO ORDER
The meeting was called to order at 6:30 p.m. by Morris Lane.

MEMBERS PRESENT
Morris Lane - President
Sharon Drobka - Vice President
Pamela Ariano - Treasurer
Rudi Fruth - Secretary
Anne Omori - Member
Robert Turner - Member
Dan Van Ert - Member

MEMBERS ABSENT
None

ALSO PRESENT
Joanne Peña - Horizon Management Company
Jack Davidson - On-Site Maintenance

OPEN FORUM
The homeowners in attendance were given the opportunity to address the Board.

MINUTES

MOTION (PA,SD) to approve the minutes of the July 15, 2008 board meeting, as submitted. The motion carried.

FINANCIAL REPORT
As of July 31, 2008, there was $269,319 in operating cash and $1,852,566 in reserve funds.

Reserve Investments. MOTION (DVE,SD) to re-invest the $90,000 CD coming due August 28th for nine months. The motion carried. Money market funds needed for insurance premiums.

Resolution to Record Lien. The Board reviewed the Notice of Delinquent Assessment (pre-lien letter) sent to the owner of the property identified as Assessor's Parcel Number (APN) 7359-033-113. The owner, as of the date of this board meeting, has not requested internal dispute resolution (IDR). A majority of the board members voted to authorize Horizon Management Company or other designee to record liens for the amount of any delinquent assessments, late charges, interest and/or costs of collection (including the fees and costs of preparing the lien against the owner of the property, fees for coordinating enforcement of the lien between designees, and attorney's fees), if IDR is not requested and payment in full is not received by the Association by 5:00 p.m. on September 10, 2008. Thirty (30) days after recordation of the lien, if the delinquency persists, the Board authorizes its designee to enforce the lien. A copy of the resolution will be kept on file. VOTE: PA, SD, RF, ML, AO, RT, DVE in favor.

MOTION (SD,PA) to accept the July financial report. The motion carried.

MAINTENANCE REPORT
Jack Davidson provided the Board with a status report on various maintenance projects.

• All upgrades to the entrance drive have now been completed.
• Working with TruGreen with sprinkler head retro-fit that should save water.
• Working to get competitive bids for trash disposal.

MANAGEMENT REPORT
Draft Budget. The Board received and reviewed a preliminary draft of the 2009 operating budget. The budget will be finalized once the insurance renewal premiums are known.

CLAC Buck-a-Door. MOTION (PA,DVE) to contribute $.50 a door to CAI-GLAC’s annual Buck-a-Door campaign. The motion carried.

ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 8:25 p.m. The next meeting is scheduled for September 16, 2008 at 6:30 p.m. in the Clubhouse.