MINUTES

KCPOA Board of Directors Meeting

April 16, 2011 - 9:00 AM

 

 

ATTENDEES:    Henry Oertel, Fred Monroe, Martha Oxford, David Philips, Jim Porterfield, Barbara Womble, Mike Hellmann

 

1.                   Meeting was called to order by President, Henry Oertel.  A quorum was present.

 

2.                   Minutes from March 19, 2011 meeting were presented by Martha Oxford.

 

Motion made by David Philps and seconded by Jim Porterfield to accept the minutes.  All approved.

 

3.                   Treasurer’s Report was presented by David Philips

 

Membership Income – March membership income is $17,089 which is a lower than March 2010 by $3,076.  There was a surge of income in January which is part of the shortfall.  YTD membership income is down $7,460.  Part of that shortfall is that we budgeted Membership Income from Prior Years (Past Due Dues).  Martha Oxford questioned is that should even be a budgeted item.  Expenses – Total expenses were $20,770 for the month.   We had a positive cash flow of $5735 for the month and $79,331 for year-to-date.  We have $91,358 cash.  Fixed assets are $621,206 including depreciation.  Liabilities are $8,567 which includes building permit deposits ($2600) and yard sale money ($5,967).

 

The lack of membership income could become a large issue.  David recommended that we be tough on members who aren’t paying through letters, phone calls, lien filings, etc.  We have 700 dues paying lots of which 10% are not paying.  Regarding expenses, the board created savings of $20,000 against last year by 1) paying off the boat stall loan, 2) eliminating the bookkeeper position, and 3) savings on insurance policy.  David asked Dwayne to re-do the forecast and drop the income to $310,000 instead of the $331,000 budgeted.  And, reduce forecasted expenses to the budgeted $200,000 instead of the projected $208,373.   Dwayne is challenged to keep expenses to $200,000 for the year as a part of his performance review.  Another suggestion was for Fred to talk with the insurance company and see if we can extend the insurance policy so that it is renewed in January 2012 instead of November. 

 

Motion made by Martha Oxford and seconded by Jim Porterfield to accept the treasurer’s report as presented.  All approved.

 

4.                   Committee and Staff Reports

 

a.       Communications............................................................................................... Martha Oxford

1)       We’ve received $1200 in newsletter ad income this year.

2)       The newsletter went out on April 8 with the 2nd quarter billing.  Also, emails have been sent to those who have requested billing/newsletter electronically.

 

b.       Maintenance/Security........................................................................................ Dwayne Fikes

1)       The front gate system took a voltage surge.  The main circuit board had to be sent off to see if it can be repaired or will have to be replaced.  We do not have a spare board like we had with the old system.  Hopefully, the repaired board will be back next week.  Sometime in the future, we will need to invest in a spare board ($700-800).

2)       We had an issue with a Sheriff’s Office dispatcher telling a property owner that she could not dispatch an officer to King’s Country because it is private property.  We have discussed this with Sheriff Fletcher and he assures us that from now on an officer will be sent when requested.  Henry Oertel spoke with Paul who said he will make sure we get response.  He will also talk with the county attorney about what we can do regarding traffic issues on private roads.

3)       Maintenance crew has been busy installing irrigation sprinklers in the Playground and tennis courts.  They have also finished the tennis court practice wall.  Good job, guys.

 

c.       Roads/Dams....................................................................................................... Fred Monroe

1)       Total Paving will being work in King Sebastian and the remainder of King Nicholas within the next two weeks.  We moved this project up in our schedule to insure that the price will not go up on us.  If we had waited until June/July as previously planned, we were informed by the contractor that our cost would rise due to soaring oil prices affecting the cost of his material.  We will be splitting the payments on these projects – half will be paid in April and the remainder in June/July.

 

d.       Architectural Control/Variance............................................................................ Dwayne Fikes

1)       We have 13 active permits – 3 new homes, 4 remodels, 1 new boathouse, 1 boathouse add-on, 2 retaining walls and 2 miscellaneous projects.  We have collected $2,177.50 YTD in building permits.

2)       The Architectural committee is continuing to work on the new Building Permit and Inspection program for King’s Country.  Copies of the proposed permit fee schedule and inspection program were distributed for review.  It was suggested that this be sent out next week for membership review.  We are making great progress on this.  And the end of the day, we are working to make this the premier community on the lake.  Question was asked:  if someone tries to sneak around this process, what is our recourse.

 

e.       Land Management......................................................................................... Barbara Womble

1)       Sent proposal to Mr. Firebaugh.  Some of the lots he’s interested in have back taxes due.  Dwayne talked with the appraisal district/tax collector and they are willing to knock off penalties, interest and attorneys fees if the taxes are paid.

 

f.         Boat Stalls/Parks/Public Areas.......................................................................... Mike Hellmann

 

                                 1)   Work is finished on the tennis court practice wall.  The wall is up and is being used. Roger Gekiere volunteered to pay for this project.  Dwayne will send him a copy of costs.

         2)   We have installed irrigation sprinklers at the tennis courts and in the playground.  Grass sod will be ordered next week for the tennis court area.

         3)   Construction of the retaining wall at JSP is almost finished.

         4)   We still need to look at landscaping/terracing to keep erosion to a minimum.

 

 

g.       Property Manager.............................................................................................. Dwayne Fikes

1)       Dues Collections:  In 2010, we’ve invoiced $334,451 and received $319,787 leaving a balance due of $14,664 which was dues on 12/31/10.  For the 1st quarter on 2011, we invoiced $130,520.  We have received $115,886 leaving a balance due of $14,633.  In the 2nd quarter we billed $57391 and have received $7,676 for a balance due of $49,714 by June 30, 2011.

2)       Approximately 75 people attended the memorial held here for Katie Nicastro, former Property Manager of April 3.

3)       Attended a CAI (Community Associations Institute) class in Dallas.  The subject was Facilities Management and dealt with such topics as maintenance programs, inspections, disaster planning, requests for bids and contracts.  It was a good class and a lot of what was learned can be applied here in King’s Country.

4)       The dumpster is available for use by Property Owners.  It will be here until at least after the Yard Sale is over.  It’s time for Spring Cleanup!

5)       Yard sale is May 6 & 7 and we already have lots of items.

6)       The 1st Interior Lakes Fishing Tournament and Fish Fry is schedule for Saturday, May 28 (Memorial Day Weekend).

7)       Annual meeting is next month, May 21, 2011 at 10:00AM.  Century 21 is again sponsoring the BBQ meal.  Make plans to attend.

8)       The Yard Sale Committee has voted to add a cook top to the kitchen.  Thank you so much.  It is a welcome addition to the clubhouse.

 

 

OLD BUSINESS

 

6.     Nominees for May election – Lloyd Parker announced that we are in the election process.  Received a phone call from a member regarding the way we are handling the election.  We have two open positions and 2 nominees.  They are Bennie Scarbrough and Ted Moulton.  3 people initially agreed to run but one backed out.  Based on advice from our attorney, we can dispense with a ballot and declare these candidates by acclamation.

 

                          Motion made by Fred Monroe and seconded by David Philips that we proceed with an election by acclamation based on the advice of our attorney.  Approved by a vote of 5 for and 2 against.

       

        The new board members will be introduced at the May annual meeting.

 

        Also suggested that we change the number required for a quorum from 100 to 75.  (Sections 3.04 and 4.03)

 

                          Motion made by Fred Monroe and seconded by Jim Porterfield to change the requirement for a quorum from 100 members to 75.  All approved.

 

7.     Hiring of someone to work Saturdays at the clubhouse – Issued solved by budget shortfall.  Suggested that Dwayne have the door to the clubroom which houses the library re-keyed so it can be opened with the same key that unlocks the foyer entrance door and the exercise room.  This will allow those owners who want access to the library/clubroom on a weekend.  Keys can be purchased at a cost of $10.00 in the office.

 

8.     Landscape plan for front entry – Should have this from Bill LaSalle in early May.

 

NEW BUSINESS

 

9.     Amendment to Bylaws will be presented at the Annual meeting in May and will be sent out to the membership for a vote with the 3rd quarter billing in July.

 

        Article III – Meeting of Members

        3.04 Quorum – The presence at the meeting of members entitled to cast, or of proxies entitled to cast, fifty percent (51%) of the votes of the membership, or seventy-five (75) whichever is the lesser shall constitute a quorum for any action. …  NOTE:  Changing from 100 to 75 votes for quorum for any action.


 

        Article IV – Board of Directors, Selection, Term of Office

        4.03 Removal – Any director may be removed from the Board with or without cause by a majority vote of the members of the Association.  A quorum is defined in Article III, Section 4 of these Bylaws as 51% of the eligible property owners or seventy-five (75) votes whichever is less. … NOTE:  Changing from 100 to 75 votes for quorum for removal of director.

 

        Article V – Nomination and Election of Directors

        5.01 Nomination - …The Nominating Committee may make as many nominations from the roster of members in good standing for election to the Board as it shall in its discretion determine, but not less than the number of vacancies that are to be filled and these are to be presented to the Board at least sixty (60) days prior to the annual meeting.  Nominations may also be made by any member of the Association who presents to the Secretary at least sixty (60) days prior to the annual meeting a petition signed by at least ten (10) voting members who are in good standing. … NOTE:  Changing from 45 days prior to the annual meeting to 60 days prior.

 

        5.02 Election – Election to the Board of Directors shall be by secret written ballot.  At such election the members or their proxies may cast, in respect to each vacancy, as many votes as they are entitled to exercise under the provision of the Articles of Incorporation.  The persons receiving the largest number of votes shall be elected.  Cumulative voting is not permitted.  Tie votes shall be resolved by casting of lots.  The Board will give notice to the membership in January of the upcoming election.  Interested candidates will be asked to call the Nominating Chairman.  If the number of candidates running equals the number of open positions, the Board can declare the candidates elected by acclamation.  NOTE:  Adding statement regarding election process.

 

       

 

PROPERTY OWNERS

 

10.         Brian Ross is concerned of the seepage through the dam at his house.  Fred Monroe, Dwayne Fikes and Lloyd Parker agreed to meet with Brian at his property immediately following this meeting.

 

ADJOURN                    

 

              Motion to adjourn made by Martha Oxford and seconded by Jim Porterfield.  All approved. 

 

 

 

Respectfully submitted,

Martha Oxford,

Secretary, King’s Country Board of Directors