May 17, 2010 Oakhaven Annual Homeowner Meeting Minutes
Attendance was taken
Meeting Called to Order 7:10pm
Agenda reviewed
2009 activities reviewed
Budget Review
Discussions centered on potential Pavillion, additional swings, electricity.
Potential to reclaim, walking trail on the corner of Hill and oakhaven.
Potential for street light on English to tap into for power for sign.
Current Business
Fence issues.
Motion made to allocate $4,000 for legal action to enforce association covenants. Vote Passed 12-4.
Motion made for” estimated excess money in legal fund to be used for New Covenants” Vote Passed 18-0
Elections
President Nomination
Steve Leonard 17-0
Vice President Nomination
Jeff Yigdell 17-0
Secretary
Carol Dishart 17-0
Member at Large
Jim Maloney 17-0
No nominations were made for Treasure. Dave Lund agreed to stay on as treasurer until a replacement can be found. Election of Treasurer was tabled.
Budget
Budget was presented for approval.
Motion to approve budget without a management company was approved 18-0
Meeting Adjourned.
| 2010-2011 Approved Budget | ||
| Comments | ||
| Income | ||
| Previous Year Approximate Carryover | $10,340 | |
| Association Dues | $13,195 | 91 Homes at $145 |
| Resale Income | $200 | Five anticipated home sales at $40 |
| Total Income | $23,735 | |
| Expenses | ||
| Association Dues & Resale Income | $0 | |
| Insurance | $1,250 | |
| Landscaping (common areas) | $5,800 | |
| Electricity | $250 | |
| Miscellaneous (postage, copies, etc) | $600 | |
| Social Events [picnic, Halloween, etc.] | $700 | |
| Legal / Counsel Fees & Costs | $4,000 | |
| New Projects | $5,500 | Projects TBD |
| Total Expenses | $18,100 | |
| Net Income / Loss | $5,635 | |
| Per house surplus / (deficit) | $62 |