King’s Country Property Owners Association
Board Meeting
March 15, 2008
Roger called the meeting to order. Trent verified that there was a quorum with all board members present. Jim made a motion that the February minutes be approved and Harlan seconded the motion. All board members approved the motion to accept the February minutes. David reviewed the January financials. Vince made a motion that the January financials be approved and Jim seconded the motion. All board members approved the January Financials. David reviewed the February financials and stated that the yard sale committee funds had not been moved to a separate account because the committee is awaiting assignment of a taxpayer identification number. David also noted that expenses are generally running lower than projected but that labor expenses are higher due to overtime pay. Roger moved that the February financials be approved and Vince seconded the motion. All board members approved the February financials.
Michael Hellman gave a detailed presentation on the present condition of our parks and made recommendations of future renovation to our park areas. A copy of this presentation with projected renovation costs can be obtained from the office. The board appreciates Mr. Hellman’s hard work and the time he dedicated to this presentation.
Henry recommended that the board recognize Mr. James Dowlen, a past board member who is recently deceased, in the form of a commemorative tree or sign. The board decided to take donations to recognized Mr. Dowlen for his past service to Kings Country.
Brad Aikens reported on the King Princess dam project and stated that Mr. John Stacy has drawn-up specifications for the dam repair. Mr. Stacy has also agreed to oversee the repair of the dam. Mr. Stacy has advised a projected cost of approximately $150,000 to repair the dam. David advised that we currently have $60,000-$70,000 in cash reserves. A discussion ensued as to whether an immediate, special assessment is necessary to fund the dam repair. The board’s consensus was to allow the Dues and Assessments committee to finalize their recommendation for potential methodologies of future assessments prior to implementing the assessment for the dam repair. Brad expressed concern that if the dam were not repaired by September, then the project would be delayed until the summer of 2009. Allen Cornwall stated that the Dues and Assessments committee is researching methodologies that allow for building up extra capital for such repairs.
Dwayne Fikes reported that he purchased a welder for repairs to the boat slips. He also reported that they are working on the front gate area and he currently is overseeing the jobsites of the 16 active permits.
Office Manager Report
Betty Cathay reported that the QuickBooks accounting conversion would be back this week. Betty advised that Mona’s mom died and that KCPOA might need to acknowledge her by sending flowers. Mona cleans the community clubhouse. The board advised Betty to send flowers to Mona. Roger asked Betty to contact Firebaugh and see if he wanted to sponsor the barbecue at the annual meeting this year.
No report.
No report
No report
No report
Reported that the interior lakes committee met on March 8th and will meet again this next weekend to elect a committee head and discuss conservation of our interior lakes. He requested that anyone interested please contact Dwayne.
Jim advised that we have 6 lots that we could sell but wanted recommendations from other board members. Board members will review and make recommendations later.
No report. Dam report covered in unfinished business.