HOA BOARD MEETING

10 Feb. 2010 @ 7:00pm

Those in Attendance: Board Members: Jen Dicou, Edward Takacs, Mike Scales, Jeremy Fong, Natalie Adams (Excused); Homeowners: None
Review Minutes & Assignments: 2 Dec. 09 minutes. Approved by board.
Management:
- Reviewed Froerer Management Inc. statement:
-- Had some questions that we need answered about the statement. Will get with Froerer for the answers.
Budget:
- Budget vote:
-- Votes were taken from those homeowners who signed the Lexington Estates HOA Budget Voting sheet and those homeowners who sent in a Lexington Estates HOA Proxy Ballot. One vote per homeowner. All votes were checked with our management company (Froerer Real Estate, Inc.) to ensure those homeowners were current with their dues by 24 Jan. 2010.
-- There were 13 votes to the yes, 11 votes to the no, and 7 votes were not counted due to not current with dues.
-- Budget is approved by majority vote of those homeowners who voted.
-- Budget will be posted to the blog.
- Balance statements:
-- Income - $7258.00; Expense - $926.00; Other - $75.00;
Total Balance - $6257.00
Nominating Committee:
- Mr. Vince Atkins e-mailed the board that he would be interested in being on the committee, but could not attend the board meeting.
- Still looking for more homeowners to be part of the committee.
Water:
- Trying to get quotes on changing the water line to a smaller fitting.
Next HOA Board Meeting: 17 March 2010 @ 7pm; Edward Takacs Home.
ASSIGNMENTS:
- Mike Scales and Jen Dicou will contact Froerer for explanation of the statement.
Review of notes: All Board members agreed.
CLOSED: 7:55 pm