Chimney Lakes

Minutes of Special Board Meeting -- January 15, 2002

Minutes

Members in attendance were:
Kenneth Broughton -- Acting President
Karen Cramer -- Treasurer
Jeff Schmidt
Mike Deliberti
Lars Jettman

Members unable to attend:
Rayvon Strickland

Meeting was called in regards to Rimsco, Inc., management service agreement. Meeting was called to order at 7:00 P.M.

Acting president Broughton discussed several management service agreements received from Rimsco in the past two weeks.

The minutes of the October meeting concerning changes to Rimsco's management agreement were discussed. It was noted that none of the changes requested by the board were put in place.

Acting president Broughton introduced an opinion letter from the association's attorney, Jeff Tomesetti. The chair then entertained motions from the board concerning Rimscos management services agreement.

Mike Daliberti made the motion not to continue Rimsco's contract and to notify Rimsco in writing exercising the ninety-day termination clause.

Second was made by Jeff Schmidt.
Brief discussion concerning the performance of Rimsco followed.

The chair called for vote.
Yes vote to cancel the contract and a no vote to continue the contract.
To cancel the contrat:
Lars Jettman yes
Karen Cramer yes
Jeff Schmidt yes
Mike Daliberti yes
Kenneth Broughton yes

The motion to cancel Rimsco's management service contract passed unanimously. It was agreed upon to have the association's attorney prepare the proper paperwork and notify Rimsco.

Meeting then adjourned at 7:30 P.M.