CHERRY CREEK VISTA HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
Date: February 8, 2006
Board members present (only those with an “” were in attendance):
Jim Hooten
Chris Pyms
Kris Skaff
Don LaBrot (Management Company)
Other (non Board Members) Tom Spicknell, Bob Schwartz
The meeting was held at Cottonwood Elementry School.
The meeting was called to order at 7:03 p.m.
Meeting Minutes for the prior Board meeting were approved.
Don LaBrot distributed and presented information on the following documents:
Balance Sheet Discussed and accepted by Board
Customer Balance Summary Discussed and accepted by Board
Profit and Loss Overview Discussed and accepted by Board
Profit & Loss Budget vs Actual Discussed and accepted by Board
Covenant Inspection Status Report Discussed and accepted by Board
Tom Spicknell, visitor, noted that the December minutes incorrectly indicated that he came to support the Stewarts. He also asked about policies regarding home colors and asked that the Minutes note that the County Ordinance does not allow dogs to be off-leash in the neighborhood.
The Board discussed, and tentatively agreed, to invest cash in a Money Market account rather than Certificates of Deposits for simplicity, ease of tracking and liquidity reasons.
Don LaBrot presented, and the Board discussed, three trash removal service quotes (as the contract with our existing trash service terminates at the end of February). The Board approved using Suburban Waste Services for the next three year period based on pricing and anticipated quality of service. Don has had good luck with Suburban in the past within other Associations.
The Board agreed to pursue the only the Cathcart’s “balance due” by means of a “foreclosure lien”. The Board also approved action on Thompson and Suoo which will include a judgement for collection.
The Board agreed to accept the resignation of 2 Board members: Vera Beers and John Wallace.
The Board accepted Terry Godwin back on the Board with his term ending May 2007. The Board also accepted Don Bergal as an interim Board member until the May 2006 elections at which time he will run for election.
Vera Beers and John Wallace have been removed as authorized “signatures” for the Money Market and Checking accounts at Compass Bank. The Board has appointed Jim Hooten and Barb Ariss as authorized “signatures” for the noted accounts.
Don LaBrot and the Board discussed the requirements and voting procedures for the May elections.
The next meeting will be on March 8th at 7:00 p.m at Cottonwood.
Meeting Adjourned at 8:25 pm.