Minutes – VHOA Board Meeting –April 07, 2005

 

Attendees: President, Jerry Moore (Hereafter, Jerry)

 Vice-President, Jim Keddie (Jim)

 Vice-President, Arnie Sheldon (Arnie)

 Treasurer, Dori Barnard (Dori)

 Secretary, Joe Krager (Joe)

 

Order of Business:

-       Community Town Hall meeting discussion - Joe

o       Presentation of document rewrite – 5 votes to 0 for.

§         Full disclosure – 2 votes for to 3 against

§         Particle disclosure – 3 vote for to 2 against

§         Jerry will write presentation for document write

o       Direction of the Board comments

§         Dori to write presentation on Board direction

o       Website design status

§         Joe will write this statement

o       Savings account statement

§         Dori will contact CPA to find out savings information

o       Pets & Commercial  Vehicle comments

§         Arnie will write the presentation for this

o       Ideas for where future money should go

§         Get ideas from members on what to spend our money on – Dori will bring this for action.

o       Customer Balance summary

§         Arnie will contact CPA to get information on current outstanding balance of past dues accounts.

 

-       Discussion on pets in the community – Jim

o       The Board’s policy is to refer all complaints from homeowners to the Town of Holly Springs Animal Control department for action.

o       4 votes for this policy and 0 against/1 abstain

 

- Assign additional interest to homeowner’s HOA dues – Jerry

o       We can assign up to 18% interest on all homeowners who are behind in their homeowner’s dues payments.

o       5 votes for charging interest/0 against.

o       Tabling the amount of interest being charged.

 

-       Review Boards use of E-mail to conduct business – Jerry

o       Issues can be determined through e-mail on a case-by-case basis. If disagreements occur, issue will be tabled until next meeting. All five members must respond to issue through e-mail for decisions to be made.

o       3 votes for/1 vote against/1 vote abstain.

-       Discuss point of contact information for CPA – Jerry

o       CPA called the President to complain about multiple Board members contacting them.

o       Board approved firing CPA and hiring a new management company 3 votes to 2 within the next 90 days.

o       Joe will draft a statement of work for hiring a new management company.

 

-       Jerry resigned from the Board at this time.

 

-       Jim will contact CPA (Jeff) tomorrow morning to inform him of a change of leadership on the Board abruptly. Jim will advise Jeff that Arnie will contact him with critical information regarding liens needing to be assessed.

 

-       Board meeting was adjourned at 9:30PM with next meeting scheduled for April 14th at 7:30PM at Dori’s.