MARINERíS COVE CONDO ASSOCIATION BOARD MEETING
November 15, 2014
PRESIDENT:†††††††††††††††††††††† Cathy Tepel
VICE PRESIDENT:†††††††††††† Jim Morehouse
SECRETARY:††††††††††††††††††††† Kim Burgess
TREASURER:†††††† †††††††††††††† Carol Hassebrock
BOARD MEMBERS:††††††††† Deanne Wright
ABSENT:†††††††††††††††††††††††††††† Wayne Holverstott, Chris Urquhart
CALL TO ORDER:††††††††††††† 9:00 AM
Call to order by President Cathy Tepel.
GUESTS:†††††††††††††††††††††††††††† Harold Terpsta
††††††††††††††††††††††††††††† †††††††††††††† Advised issue with off-leash dog.
†††††††††††††††††††††††††††††††††††††††††††† Motion made by Carol to enter into Executive Meeting to discuss animal complaint.† 2ND by Jim.† Approved
9:12†††††††††††††††††††††††††††††††††††† Entered into Executive Meeting
9:37†††††††††††††††††††††††††††††††††††† Out of Executive Meeting
†††††††††††††††††††††††††††††††††††††††††††† Report of incident with dog off-leash.† Reminder letter will be sent to dog owner by Cathy.
MINUTES:††††††††††††††††††††††††† Motion made by Carol to approve the minutes as presented.† 2nd by Deanne.† Approved.
FINANCIAL REPORT:†††††† Treasurer Carol Hassebrock explained that two temporary transfers were made from the Insurance Fund (which is part of the General† Fund) to the Building Fund: June 25, 2014, $3,000; September 11, 2014, $10,000.† On September 18, 2014, $1,000 was transferred back to the Insurance Fund from the Building Fund.† After a discussion of the fund balances of each fund and understanding that the Insurance Fund has adequate money without the $12,000 being re-deposited and considering the need to build a reserve in the Building Fund for present and future repairs† Deanne moved and Kim seconded the motion to leave the remaining $12,000 in the Building Fund and change the transfers from temporary to permanent.† MC 4-0.† Approved.
PRESIDENTíS REPORT:†† Cathy advised that the BBWARM Advisory Committee Meeting will be held on November 19th, 2014 from 6-8 pm at Station 62, 9001 Semiahmoo Parkway, Blaine, WA.†
Maintenance:††† Cathy advised that Wayne made a new ďcondo for saleĒ sign as the old one blew away in the last storm.
Grounds:†††††††††††† The contract for the grounds maintenance is being put out to bid as our current contract expires Spring 2015.† Bids to be received by December 1, 2014.
Sales:†††††††††††††††††† Three units have been sold.
†††††††††††††† Budget:††††††††††††††††††††††††††††† Deferred to January 2015 meeting.
Completion:†††††† All maintenance is complete except painting the caps.† Duane will finish as weather permits.
NEW BUSINESS:†††††††††††††† Jimís door is not closing completely.† Cathy will have Duane look at it.
Motion to adjourn by Jim.† 2nd by Carol.† Approved.
ADJOURNMENT:††††††††††††† 10:40 am
Next meeting:†††††††††††††††††† January 10, 2015 at 9:00 am
Kimberli Burgess, Secretary