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Campfire HOA Annual Meeting
Key To The Rockies
2:00 P.M.
December 27, 2004
Persons Present Representing KEY TO THE ROCKIES:
Mike Magliocchetti
Andrea Sonderfan
Stacey L. Harris
Members Present:
Dan Lammertse
Bill Parkhouse
Jeff Davis
Red & Bonnie Merchant
Bruce & Sharon Stanley
Jan Tucker
Ernie Pierson – By Phone
I. OPEN, CALL TO ORDER:
Andrea called the meeting to order at 2:03 P.M.
II. Review Proxies, Approve Meeting Minutes:
Mike read the two proxies that were received. Catherine Tierney of unit #11 gave
her proxy to Bonnie Merchant, and Cheryl and Ray Shane gave their proxy to Mike
Magliocchetti.
The previous years meeting minutes were read. Bill Parkhouse made a motion to
approve the meeting minutes and Red Merchant 2nd the motion. The motion passed
unanimously.
III. Reports:
The association president Bonnie Merchant gave her report to the members. She
thanked everyone for their support and said she looks forward to the new year.
IV. Review Year To Date Financials:
Andrea explained that the Repair & Maintenance expenses for 2004 were slightly
over budget. This is partly due to the project of removing over 300 tree stakes
from the property. She also stated that the miscellaneous account was slightly
over budget as well. She explained the reason for this overage was the fact that
KEY TO THE ROCKIES is now tracking the association’s postage costs. Also the
trash removal costs were up from what was budgeted because of extra pick-ups
that were requested throughout the year. Mike explained that the reason the
common area maintenance costs were lower than anticipated, was because Juan of
Home Sweet Home is now working hourly versus a flat rate.
V. Review & Approve 2005 Budget:
Bill Parkhouse made a motion to pass the 2005 budget, Bruce Stanley 2nd the
motion and the motion passed unanimously. It was decided that the working
capital would need to be replenished ASAP. This replenishment will not effect
the associations monthly dues amount or the reserve fund for the association.
VI. Elections:
Ernie Pierson stated that he would like to retain his position as Treasurer.
Bonnie Merchant stated that she would like to retain her position as President.
Jan Tucker was nominated to run for a board position. Since the number of
positions equal the number of nominees the positions are as follows:
President- Bonnie Merchant
Vice President- Bill Parkhouse
Secretary- Jan Tucker
Treasurer- Ernie Pierson
Member- At – Large- Bruce Stanley
It was also noted that Bill Parkhouse and Bruce Stanley’s positions would be up
for re-election next year.
VII. Old Business:
The membership stated that they would like to see some kind of signage on the
property to help with un-welcomed traffic. Mike Magliocchetti stated that he
would look into this for the association.
VIII. New Business:
Mike Magliocchetti spoke to the members about the projects that should be
completed in the next year. The first project would be to seal coat the driveway
and fill any necessary cracks. Mike Magliocchetti has received one bid, and
waiting on the second bid for this project. Also the association needs to
allocate funds for sealing the deck areas. The last project discussed was the
tuck point mortar joints. Mike said that some of the cultured stone and the
mortar joints have cracked and/or fallen out. Also there are several loose
capstones. Mike informed the members that this would need to be done every few
years.
Adjournment:
The meeting was adjourned @ 3:27 PM.
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