JUNE 6 BOARD MEETING

DIRECTORS :

President:                                 Cathy Tepel
Vice President:             Jim Morehouse
Treasurer:                                 Denny Dickey
Secretary/Recording/
Resale Certificates:                   Janet Russell
Maintenance:                            Wayne Holverstott
                                                Deanne Wright
                                                Carol Hassebrock

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

ABSENTEES:            None

GUESTS:                    None

CORRESPONDENCE:        1 letter from unit 231.

MINUTES:                None Presented

FINANCIAL REPORT:        Non Presented

COMMITTEE REPORTS:

            1)         MAINTENANCE:

                        Wayne presented a bid from Dan Dee Construction for $2,155.41 for repairs to a unit in BLDG 3 that has water damage.  Deanne motioned that we award the bid to Dan Dee.  Denny seconded.  All in favor.

Wayne presented a bid from Dan Dee Construction for $4,905.57 for repairs to the outside south wall of the club house.  Deanne motioned that we award the bid to Dan Dee.  Denny seconded.  All in favor

Wayne presented two bids for the roof repair on Bldg 3.  Deanne motioned that we award the bid to Nolan Roofing for $31,075.00 plus tax.  Janet seconded.  All in favor.

2)      RESERVE STUDY:

Janet motioned that we allot the funds to go ahead with the reserve study the board passed at the last meeting.  Cathy seconded.  All in favor.

3)      FIRE SAFETY ANNUAL CHECK:

Cathy presented two bids for the annual inspections for the fire safety equipment.  Jim motioned that we award the bid to Guardian Security for $805.00.  Seconded by Carol.  All in favor.  Jim has agreed to be the contact person for all future dealings with Guardian Security.

  NEW BUSINESS:

1)                  SIGNATURES FOR FINANCIAL TRANSACTION:

Carol motioned that the board should have three people with signature authority for financial transactions with only two needed at one time.  Denny Dickey and Cathy Tepel will be the main signatures with Jim Morehouse being the back up when necessary.   All in favor.  Signature changes are requited at the Bank of Pacific in Lynden as well as Bookkeeping Solutions. All in favor

2)                  INSURANCE:

Cathy Tepel is to be the contact person for Snapper Shuler Kenner.  All in favor.

ADJOUNRNED:   12:30 pm

NEXT BOARD MEETING:   June 20^th at 9am

Secretary, Cathy Tepel