JUNE 7TH BOARD MEETING

DIRECTORS PRESENT:

President:                      Carol Hassebrock
Vice President:              Deanne Wright
Treasurer:                      Arlyn Plageman
Secretary/Recording:     Cathy Tepel
Resale Certificate:          Janet Russell
Maintenance:                 Wayne Holverstat
                                      Jim Morehouse

The Board met immediately following the Association’s Annual meeting as required by the CCR’s. The Board Members were elected to the offices listed above by acclamation

ABSENTEES: None

GUESTS: None


CORRESPONDENCE: None


MINUTES:

Minutes were prepared by Anne Van Der Zalm, read by Carol.
Wayne moved and Deane seconded the motion that the minutes be adopted as submitted.


FINANCIAL RECORD:

Financial report given by Arlyn. Arlyn stated that to make his job more complete he needs to be given all contracts and bids for payable. Accepted as presented. 



OLD BUSINESS:

1) ANNUAL SAFETY CHECKS

Carol has requested bids from two companies for the annual inspections of the fire extinguishers, back flow competence, water sprinklers and fire alarms. Presently two companies split the inspections. The Board plans to consolidate the inspections with one company to save money and to reduce interruptions to unit owners.


2) POOL MAINTENANCE: 

A bid from Aqua Island Pool Company was presented to the board for those members who were not able to attend the special meeting on June 5th. (At this special meeting a quorum of the board voted to accept Aqua Island Pool Company bid to bring the pool up to new codes for both Washington State and Federal requirements. The total bid was for $1,754.13. The Board also received a verbal bid from Kola Pool Company for $1,900.)


3) LEGAL MATTERS

Carol read the letter from the lawyer regarding the new regulations for the resale certificates. Senate Bill 6215 and RCW 64-34 require that the resale certificates contain a financial statement and is disclaimer regarding the future long term repairs. 

A discussion ensued suggested that the board register with the Washington State Community Association Institute (WSCAI). This would enable the board to keep up with regulations and continue to allow the board to run in an efficient manner.

Deane motioned and Arlyn seconded the motion to join with a cost not to exceed $200.00 per year.

4) PREPAID DUES ACCOUNT: 

As per the unanimous vote at the Annual Meeting, the account will be closed and monies dispersed, minus any outstand debts by any unit owner to the association, by August 2008.



Interest earned on the account will be paid into the Building Reserve Account. Motion by Janet and second by Jim.


Adjournment: 1:10 

Secretary, Cathy Tepel