Feb 2011 HOA Board Meeting minutes

February 9, 2011

Lakes Edge Homeowner’s Association

Officer’s Meeting

The meeting was called to order at 7:04pm. Present: Dana Doherty, John Keane, Edie Whiteside, Melanie Suggs

Minutes

The minutes from the January meeting were approved as read.

Treasurer’s Report

Due to transition of Treasures’ responsibilities  and conflicting travel requirements we will not know until March the complete status of the financial report.

Received deposit back of $600 from water utility and a $700 refund from the previous  insurance company.

HOA needs a copy of Quick Books , $150.00

$10,125.00  was deposited.

Eleven HOA members have not paid their dues.

We are establishing a business plan for the HOA to guide us over the ensuing 5 years.  It will allow us to match revenue resources with requested improvements.

Old Business

Ÿ         It was agreed that $3,500.00 should be kept as a contingency fund and we will increase that to $5,000 over the coming years.

Ÿ         John presented a landscape plan after meeting with Total Lawn Care and assessing the needs of the pavilion and entrance.  Work parties will be conducted to cut dead trees, stack wood,  spread mulch, and power wash pavilion areas.

      Total Lawn care will give us quote for flowers for pavilion and entrance.

Ÿ         The need for a PO Box is important to ensure we are not delinquent due to bills and other documents being sent to the wrong address when various roles are changed on the HOA Board.  The HOA needs to have mail available at all times for tax, bills and other communications.

Ÿ         Directory is being worked on.

The next meeting is Wed. March 16, 2011,

The meeting was adjourned at 8:09pm

Melanie Suggs, as Secretary

Home Owners Association

Back to Board Minutes