February 25th, 2015

February 25th, 2015

 

Meeting called to order at 6:34 PM. Kathleen Kernwein, Ray Shirazi, Eve Demma, Toke Ettehadieh, Naj Shiraz and Erich Heard were present.

 

Homeowner Open Forum

 

Homeowners David Gilbert, Susanna Arellano and Cheryl McDaniel were present and spoke their desire to be appointed to the board.  Maria Espanol also expressed a desire via email but was not present.

Approval of Minutes

 

Motion Naj Shiraz to approve the minutes

                Second Ray Shirazi

                The motion was carried unanimously

 

Financial Report

 

Approximately $105,000 in our checking account and $166,000 in our reserve fund.  Total assets are $272,538.16.  Liabilities are AT&T ($28,000) and the Chill Tower which is about $5,000/month for a total of $88,274.19.

 

Old & New Business

 

  • Chill Tower repairs are under way.
  • Nagesh & Carter, CPA gave a price of $1,500 for our annual audit. We will vote next month.

 

Future Projects

 

  • Building J Foundation – $61,000
  • New Monument Sign – $3,500
  • Electrical Panels – TBD

 

Meeting adjourned at 7:15 PM.

 

Minutes submitted by Erich Heard, acting Secretary