{tab=Attendees}
Red Rock Ranch Homeowners Association Monthly Meeting
13 February 2012
Presiding: Kelly McGuire
Present: Bill Martin,
The meeting was called to order by President Kelly McGuire at 1900.
The minutes of the 09 January 2012 meeting were read and unanimously approved following a motion by Fred Lanyon and a second by Frank Chuba.
{tab=Treasurer's Report}Treasurer’s Report:
The bank balance is $14,640.00. To date there have been eight donations for a total of $275.00. No Architectural Control fees received and no expenses reported. Treasurer’s Report approved unanimously following a motion to accept by Craig Ketels and a second by Fred Lanyon.
{tab=Arch Control}Architectural Control:
No requests received for the month.
{tab=Old Business}Old Business:
Director David Weber reported that he has received seven articles from RRRHOA Board members for publication in the upcoming February newsletter that was mentioned at the January meeting. He will compile the newsletter and have it printed and mailed by Tri Lakes Printing.
{tab=New Business}New Business:
President Kelly McGuire asked for input from all members concerning the in-depth report by Director David Weber outlining past, present and future expenditures and income. The report was discussed at length and it was noted that current income from voluntary dues and Architectural Control fees now meet Association operating expenses. However, since dues are on a voluntary basis and the Ranch is largely built out, ruling out large amounts of money in building fees, it was felt an amount should be set aside as a contingency fund since there is no guaranteed source of income in the future given these circumstances. On a motion by Frank Chuba and a second by Fred Lanyon, it was unanimously agreed to set aside the sum of $15,000 for the contingency fund to cover expenses if income sources decrease.
The Board thanked Mr. Weber for the hours of work he put into the financial report.
The newsletter will mention all events mentioned in the January minutes, including the garage sales on the Ranch scheduled for 01 and 02 June 2012, and possibly the 3rd. Mrs. Lucy McGuire has graciously agreed to head up this event. It was mentioned that perhaps Goodwill or ARK could have a truck pick up unsold items after the sale days
President Kelly McGuire asked for input about putting up a website advertising services on the Ranch. After much discussion it was agreed that liability issues would probably outweigh the benefits, so the plan was dropped.
Treasurer Bill Martin said he will complete and file tax forms for the Association, which is a requirement even though no taxes are due.
With no further business to discuss, the meeting was adjourned at 2006 on a motion by Craig Ketels, seconded by Frank Chuba and carried unanimously by the Board.
The next regularly scheduled meeting will be at 1900 on Monday, 12 March 2012 at the Tri Lakes Cares building, 235 Jefferson Street in Monument.
Respectfully submitted,
Jim Bergeron
Secretary/Recorder, RRRHOA
Note: Minutes are in draft form until approved by the RRRHOA Association Board at the 12 March 2012 meeting.
