MINUTES OF THE BOARD OF DIRECTORS’ MEETING
SECTOR 2A AT SNOHOMISH CASCADE ASSOCIATION
7 P.M. TUESDAY AUGUST 4, 2015
CALL TO ORDER / PRESENTATION OF MINUTES
NEW BUSINESS
__________________________
Steve Yandl, Secretary
SECTOR 2A AT SNOHOMISH CASCADE ASSOCIATION
7 P.M. TUESDAY AUGUST 4, 2015
CALL TO ORDER / PRESENTATION OF MINUTES
- Suzan Miller called the meeting to order at 7:07pm. Present were Suzan Miller, Steve Yandl, Nicole Klages, and Ralph Kouri.
- Minutes of the July 2015 meeting were presented and unanimously approved.
- Steve Yandl reported on current financial status and forecast through the end of 2015.
- Currently $108,819 in checking. There was a transfer of $20k from the long term reserve executed when the CD renewed in July. The sum of $14,460 that was owed the fund from 2014 assessments and $20,500 owed from 2015 assessments (per long term reserve) comes to approximately $55k to be used for fence replacement and other capital replacements per the reserve analysis.
- There is $50,766 in the long term reserve after the $20k transfer.
- We have $5,696 in operational reserve.
- Currently $108,819 in checking. There was a transfer of $20k from the long term reserve executed when the CD renewed in July. The sum of $14,460 that was owed the fund from 2014 assessments and $20,500 owed from 2015 assessments (per long term reserve) comes to approximately $55k to be used for fence replacement and other capital replacements per the reserve analysis.
- Update on liens provided by Steve Yandl.
- We will schedule to get our audit of 2014 financial records as soon as the auditor is available.
- We’ve requested an update of our quote from Town and Country Fence for replacing the fence identified as phase 1 of our fence replacement project.
- We replaced the failed photo sensor on the LED lights at the boat park.
- Most sprinkler repairs so far are the result of vandalism.
- Discussed the letter from bankruptcy court regarding Aziz Mohammad property and the trustee wishing to sell the property free and clear of liens. Steve Yandl will be writing a letter to contest this.
- A number of projects requested in the previous month were approved.
- Carlson, Darren and Cheryl - Roof
- Newton - Roof
- Seelhof – Paint colors for house.
- Kaas – Tree removal.
- Pierce – Tree removal.
- Carlson, Darren and Cheryl - Roof
- The Blumes completed their “Little Free Library” and it looks good. We discussed ways to make certain others wishing to do the same got approval and produced a decent (neighborhood appropriate) appearing product.
NEW BUSINESS
- Steve Yandl will be redoing the HOA web page since Comcast is no longer offering free web space for personal pages. Unanimous approval to use Weebly at a cost of $10 - $15 per month and purchase a new domain name.
__________________________
Steve Yandl, Secretary