Minutes – VHOA Board of Directors Meeting – May 19, 2005

 

Attendees: President, Arnie Sheldon (Hereafter, Arnie)

 Vice-President, Dori Barnard (Dori)

 Vice-President, Laura Bradley (Laura)

 Treasurer, Tony Perry (Tony)

 Secretary, Joe Krager (Joe)

 

Order of Business:

 

-       Separating Board and ARC issues rights

o       We clarified this issue by making sure we, as Board members, do not over step our boundaries and make sure we forward all issues related to the ARC to that committee.

 

-       Board members' rights as homeowners

o       Clarification was discussed between our rights as homeowners and Board members.

o       The motion is that we, as Board members, may make complaints for as homeowners to the Board or the community.

o       This motion was carried 5 votes to 0.

 

-       Boat at 117 Blooming Meadow Road discussion

o       The Board agreed that the homeowner has until June 5th to move her boat to a storage location outside of the community.

o       We will enlist homeowners to help her move the boat.

 

-       Bulletin Board discussion

o       We will add the following to the Bulletin Board:

§         We, the Valleyfield Homeowners Association, assume no liability for the contents of postings of other homeowners, and urge all users to act responsibly.

§         Any messages threatening or constituting illegal action(s) will be reported to the proper authorities.

o       The Board all agreed with to leave the format of the Bulletin Board as is, citing the additional cost.

 

-       Frequently Asked Questions (FAQ) Webpage

o       This issue will be worked in the coming week by all Board members.

 

-       Status of hiring attorney discussion/SOW

o       We have sent out four SOW letters to various attorneys in the area requesting proposals.

o       Arnie will e-mail the SOW (with letterhead) to the Board members.

o       We need to decide whether we want to hire an attorney just to rewrite our documents or to hire an attorney for the document rewrite and to follow up as our attorney going forward.

o       The Board voted 5 votes to 0 to hire an attorney to rewrite our documents and provide us with a quote for future legal counsel.

 

-       Options with injunctions/foreclosures

o       The Board agreed that we will prevent homeowners in violation of the covenants and restrictions, bylaws, or design guidelines from having access to the community’s property (meaning pool).

o       The Board voted 5 to 0 that have CPA hire David Bryan to start the foreclosure process on the four homeowners who have dues balances in excess of $750.00. Additional, the attorney will draft a certified letter to send to these homeowners with our intentions. Foreclosure will begin two weeks after the letters are mailed.

o       The Board voted 5 to 0 to start charging homeowners with dues balances greater than $100.00, 12% interest.

o       Have Tammy send out dues statements on the 12th (or the first business day after) of the last month of the quarter (March/June/September/December), with due dates on the first of the quarter (April/July/October/January).

 

-       Summary on CPA and VHOA accounts

o       CPA will direct all questions from the community members to the Board of Directors.

o       No more non-Board approved communications to the community.

o       As of May 19, we have a balance of $26,306.33 in our checking account.

o       As of May 19, we have an 8-day CD with a balance of $7,006.91.

o       Our books have been redone by a CPA and are reflecting the appropriate balances.

 

-       Pool Card Keys distribution

o       Reviewed HOA balances and key forms received and will distribute the keys within the week.

o       Board member keys distributed.

o       Once homeowner’s balances are below $165.00, the Board will reinstate their pool key.

o       Arnie will write letter to homeowners who are not getting keys due to balances.

 

-       Valleyfield HOA website

o       Payment will be due at the end of May and our month expenses will start in June.

 

-       Third quarter Newsletter

o       The Board will start thinking about articles for the next newsletter due out in July.

§         Announcement of next Town Hall Meeting

§         Found money in accounts/report balances

§         Pool key distribution/hours/rules

§         Required to follow C&Rs – document rewrite & finding an attorney

§         Posting CPAs new address/apology for Remax letters

§         Firecracker safety

§         Summertime gardening

§         Boats in the community

§         Website update

§         Interest/foreclosure decision

o       Newsletters will be distributed to homeowners and renters.