What's New

CALL TO ORDER
The meeting was called to order at 6:45 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

SPECIAL ORDER
David McElroy, Professional Services Construction, attended the meeting to advise the Board of the potential for additional costs during the deck project due to faulty floor-to-wall transitions, improperly flashed scuppers and bad patio cap joints. MOTION (DVE,RT) to approve the additional scope of work proposed in PSC's letter of April 21, 2009. The motion carried. MOTION (AO,RT) to authorize Jack Davidson to sign PSC's Authorized Work Orders, as needed during the course of the project. The motion carried. Professional Services Construction will provide an estimate for replacing all of the patio caps.

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

MINUTES
MOTION (SD,PA) to approve the minutes of the March 31, 2009 board meeting, as submitted. The motion carried.

FINANCIAL REPORT
As of March 31, 2009, there was $174,954 in operating cash and $2,186,120 in reserve funds.

Reserve Investments. MOTION (PA,DVE) to invest $270,000 from the Money Market account in three $90,000 Certificates of Deposit; two for three months and one for six months. The motion carried.

MOTION (PA,DVE) accept the March financial report. The motion carried.

MAINTENANCE REPORT
Jack Davidson gave a status report with regard to the following maintenance projects:

• The drain repairs for Pools A&B and Spas A&B will be completed by May 1st
• Several pieces of pool furniture have been replaced
• Three umbrellas need to be replaced
• Bids for remodeling the restrooms at Pool B were presented but the Board tabled decision until after the deck project has been completed
• Two TruGreen proposals were submitted but neither was accepted. MOTION (AO,PA) to authorize up to $1,000 for planting ground cover to replace the lawn area at Pool C. The motion carried, with ML opposed

MANAGEMENT REPORT
Reserve Study. MOTION (PA,RT) to approve a full reserve study with site visit, as proposed by Reserve Studies Incorporated, for a cost of $4,190. The motion carried.

NEW BUSINESS
Stop Signs. MOTION (DVE,RT) to install two stop signs on Plaza Del Amo at the end of the exit lane. The motion carried with PA, FR, AO, RT and DVE in favor, ML opposed. SD abstained.

Towing Policy. There was discussion with regard to the already established towing policy. No decision was made.

Annual Meeting Ballot Results. Joanne Peña announced the election results: Jin Kim, Morris Lane, Anne Omori and Daniel Van Ert were elected to fill the four board seats that were up for election.

Board Member Recognition. Morris Lane acknowledged out-going board member Robert Turner and thanked him for his service to the community.

Election of Officers. Officers for the upcoming year were elected as follows:

• President - Sharon Drobka
• Vice President - Daniel Van Ert
• Treasurer - Pamela Ariano
• Secretary - Rudi Fruth

ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 9:00 p.m. The next meeting is scheduled for May 18, 2009 at 6:30 p.m. in the Clubhouse.