Lake Villas at Pine Creek Ridge











Shared Cost Comm. Minutes
2009 Budget

Lake Villas at Pine Creek

Board of Directors' Meeting Minutes

January 19, 2012


Directors / Officers in Attendance: Ted Grulikowski, Lou Mitchell, Dennis Cunningham and Colleen Fitzgerald

Cummings Property Management in Attendance: Sean Gartland

Others in Attendance: Mike Gudenau

The Board meeting was called to order at 6:18 p.m.

A motion was made and seconded to approve the minutes of the December 15, 2011 Board meeting.

Treasurer's Report: Dennis Cunningham

As of December 31, 2011 we have $9965 in cash and $267,402 in reserves.
The $267,402 in reserves includes $81,348 transferred during 2011 ($48,000 transferred in 2011 as savings from Co-Owner Water savings and Lime Lake irrigation as well as $33,348 transferred from the 2011 Operating Budget at years end).
2011 financial performance will be reviewed for all Co-Owners at the May 15, 2012 annual meeting.

Architectural Committee: Paul Godwin

The Board approved the modification request by Mr. Branscum, with conditions.

Web Newsletter/Site: Skip Blunt

We are in the process of migrating to the web site utilized by Cummings - CPM (SenEarthCo.).
A guide for Co-Owners will be distributed by mail and a presentation will be made at the May 15, 2012 annual meeting on new web site access/operation.

Management: Sean Gartland

The Management packet distributed by Sean included the meeting agenda, Management Report, balance sheet, 4 month income statement w/budget variance, delinquent listing and attorney report.

New Business

A motion was made and approved to contract with Signal 88 Security for patrols in the Community swimming pool area after daily pool closing hours. The existing contracts with Jon Stoppels for routine pool maintenance and daytime security will remain in effect. The Signal 88 contract will be in effect for the pool season, i.e. Memorial Day to Labor Day, 2012.
Sean will continue to investigate alternatives to foreclosure for one unit in LV.
Some Co-Owners have complained about garage doors being left open during daylight as well as nighttime hours. The Board encourages all Co-Owners to keep garage doors closed as much as possible to not only improve area appearance but to help with rodent control.
The Board approved installing four new reflective street signs on area street corners. Sean to handle.
Sean gave the Board a demonstration of the new web site that we are migrating to. Training was provided on access, log-in and overall site utilization. Among the many documents available on the site when migration is complete will be the budget reports as well as meeting minutes and an up-to-date Co-Owner directory.

The meeting was adjourned at 7:55 p.m.
 
The next Board meeting will be held on March 15, 2012 at 6:00 p.m. at the Brighton Cummings Office, 806 Grand River (Jimmy Johns building).

Respectfully submitted, Ted Grulikowski, Secretary