Minutes of the
Special Meeting Regarding
Three Proposals
August 16, 2007
Austin Godfrey opened the meeting at 7:35 pm.
Barbara Coe, secretary pro tem, took roll. 57 present plus 60 proxies
constituted a quorum under the By Laws
The proposals for consideration and voting were
read from the distributed proxies.
Proposal 1. Increase the annual assessment $400
starting with the October 2007 semi annual assessment.
Proposal 2. Reallocate up to $30,000
for the dredging reserve to road repair.
Proposal 3. Authorize the Association
to borrow up to $200,000 from a commercial bank.
By reference a copy of the ballot is attached.
John Murray outlined long-range planning survey
priorities, which included improvements to clubhouse foundation and entry
steps,
Projected costs for the road proposals:
Rebuilding:
$270,000
Milling:
65,000
Patching:
30,000
Contingency 35,000
Total
$400,000
Following the presentation there was a question and
answer period
that ran close to 2 hours at which time no new questions were on
the floor. Christine Davies proposed a “sunshine clause” to the
$400 dues increase.
After the question and answer period a motion was
made and seconded to vote on the three question above.
Ballots was collected and added together with proxies. The ballots and proxies
were then counted by several members of the community not on the Board.
The vote was reported back with the following results:
71.3 % passed proposal 1
86.3 % passed proposal 2
71.3 % passes proposal 3
Each proposal was passed by the two thirds 2/3,
required by the Association’s By Laws
The meeting was adjourned at 9:50 pm
Barbara
Coe, secretary pro tem