Arbor Pointe Condominium Association

May's Lake Arbor Village Master Board Meeting Minutes

Lake Arbor Village Master Association

LAKE ARBOR VILLAGE MASTER ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING MINUTES

MAY 8, 2002


CALL TO ORDER

The meeting was called to order at 6:00 p.m. In attendance for the Board of Directors were Dwight Nelson, Fred Kerchner and Roger Sorenson. In attendance for Management Specialists, Inc. was Lisa Abbott.

OPEN FORUM

Paul, from Pool Pros, the new pool contractor for the 2002 pool season was present to explain the manner in which he would be opening the pool and all the chemicals that will be used throughout the season. The board stated their concerns regarding some issues that arose last year with the pool being cloudy, and also the health department being called. Paul did not seem to feel that he would have a problem with the pool this year and would keep the board updated on any issues that arise.

APPROVAL OF PREVIOUS MINUTES

The minutes from the April meeting were approved as written. MANAGER’S REPORT

Financials – Lisa presented the April 2002 financial statements to the Board. She noted that the Association’s beginning cash balance as of April 1st, 2002 was $443.56. The Board collected $4,358.15 in assessments, which included $2.15 in interest. The Association’s expenditures equaled $3,663.22, which left the Association with ending cash balance of $1,138.49. There were no reserve expenditures for the month of April.

Grounds – Lisa informed the Board that the grounds were currently in good condition.

OLD BUSINESS

Pool Furniture – The pool furniture has been delivered to the pool area. The board will set out the pool furniture when they are painting the pool fence on Saturday, May 11th.

Painting of Pool Fence – The Board will be painting the pool fence Saturday, May 11th. Dwight presented Lisa with an invoice for the cost of the paint, to be reimbursed to him.

Resurfacing of the Pool Area – The resurfacing of the three areas has been completed. The board was very pleased with the work that was done, all the pool anchors were also replaced.

Pool Rules and Pool Signs – Lisa informed the board the board that all signs have been ordered and will be in place prior to pool opening on the 17th of May.

NEW BUSINESS

Tennis Court Nets – Lisa informed the board that she received a quote from several companies that supply tennis court nets, the average cost for the nets and installation is approximately $325.00. After discussion the board determined that they would like to order one net for the right hand side of the tennis courts.

Resignation of Board Member – Lisa presented the board with a letter from Lisa Probasco, the vice president, with her resignation from the board of directors.

Annual Meeting – Lisa reminded the board that their annual meeting is in June and that she will be sending notices out. There is currently one position up for reelection and the board will also need to appoint another homeowner to fulfill Lisa Probasco’s position.

APPROVAL OF INVOICES/SIGNING OF CHECKS

All invoices were approved and checks were signed.

NEXT MEETING DATE

The next meeting will be held on June 12th, 2002.

ADJOURNMENT

With no further business to discuss, the meeting was adjourned at 6:35 p.m.

/mw