Montgomery
West Homeowners Association
Board
of Director’s Meeting
September
15, 2009
Attendees: D. Skinker; D. Terry; M. Heffner; R.
Stehlin
v
Presented Financials for 8.5 months
v
Lot 2E – need to discuss overall strategy for
dealing with property. Discussion
tabled until next meeting - need to
understand situation; contemplate opinion; presentation to board.
v
Discussed movement of $10,000 from operating
account to T. Rowe Price.
o
Discussed potential for establishing a more
aggressive investment strategy. No
decision made but options being weighted.
o
Motion to move $10,000 to T. Rowe Price [Heffner];
motion second [Terry]; unanimously approved.
v Audit
v
Verify tax information received from Delong
Stag. Heffner believe only corporate
taxes done [Federal & State].
Thought contract called for audit and ALL taxes to be prepared. [Action Item – Terry to check with
auditors – looking for property tax returns]
v Lot
34F – waiving late fee – homeowner made contact to say they never received
billings.
v Lot
20E – initiate collection letter citing our lawyer will be contacting them [Action
Item – Terry]
v Articles
to Stehlin by September 26th.
v Each
Board member to write one.
v Once
newsletter ‘pulled’ together – sent to each Board meeting for review and edit.
v Target
date for completed ‘product’ – October 5th
v Scheduled
for November 10th
v Need
at least draft budget for Fiscal 2010 [Action
item - Terry]
v [Action
Item - Stehlin] – Review contract files for vendor especially Greenlink
& Ecology [trash company]. Inform
Terry & Heffner, Checking
expiration date.
v Compile
minutes for year, summarizes, and brief meeting [Action Item – Stehlin]
v Approvals
awarded:
1.
Lot 23F – garage door replaced
2. Lot
24F – garage door replaced
3. Lot
41F – 8 windows replaced
4. Lot
49E – Existing deck replaced with composite material
5. Lot
54E – 8’ x 7.5’ shred built.
v Resurfacing
of cracked streets in development [Action Item – Heffner]
Meeting adjourned – 8:23pm