PRESENT:
Fabian Lahue, President; Ken Gray, Treasurer; Kathy Boyd, Secretary; Tammy McKenna and Alan Cade, Residents
ABSENT:
Paul Gustin, Head of Infrastructure
MEETING ACTIONS:
The meeting was called to order at 6:05pm.
Minutes from the last annual meeting of December 01, 2016 were read. Motion to approve was made by Ken and seconded by Tammy and approved by all present.
A motion to accept the proposed 2018 Budget was made by Kathy and seconded by Alan and approved by all present.
The 2018 projected income is $135,900.00. The total projected expenses are $135,900.00. There will be no increase in the condo fees.
Ken made a motion that any funds in all accounts on 12/31/2017 be carried over to fiscal year 2018. This was seconded by Alan and approved by all.
In accordance with the Bylaws, the positions of Vice President and Treasurer were up for election. There were no nominees for either office. Parliamentary procedure was put into place whereby Fabian, President, asked Kathy, Secretary, for one vote for Ken to continue as Treasurer. This was done. A notice will be posted in an attempt to fill the office of Vice President which has now been vacant for over a year. Board positions are for a 2-year term.
Ken asked that these minutes show that he is seeking a replacement for the position of Treasurer, which he has held since the Annual Meeting of 2004. He would like to train someone to become Treasurer, and when the person is comfortable with the duties of the position, would submit his resignation and have the Board elect that person for the remainder of the 2-year term. Feel free to contact Ken at KSBGray@Comcast.Net, 742-3704, or 233-0138 (cell) with any questions.
The annual membership meeting was adjourned at 6:17 PM.