Beddington Lake East Road Maintenance Association
Board Meeting Minutes
Telephone Conference, 6-2-2009, 7:05pm
In attendance: Peter, Marlene, Brian, Marty
Agenda
1) Approve Minutes of 5/5/09 meeting
2) Slate of Officers
3) Annual Dues Amount
4) Annual Meeting Logistics
1) Approve Minutes of 5/5/09 meeting
Minutes approved via email.
2) Dave Hazard for Vice President (37) and Jean Heath (38) for Treasurer
Brian recommends they be invited to next telephone board meeting. Thanks to Marlene and Brian for their work in recruiting. Brian will invite them.
3) Annual Dues Amount
Strategy has been to maintain a balance to be prepared for a major repair (such as the Shorey Brook culvert) . Discussion ensues regarding reducing assessment and determining a formula for setting the amount. In the past we've spent as follows: 2005 costs were only general admin costs. Bal at the end of 2005 was $6,841.04. 2006 was first year for expenses: $250 for admin. , maintenance was $5,083 in total costs. Bal at end of year was 10,187. This is two years of dues, after all costs. 2007 was a moderate year with almost $450 for admin and $3,875 for maint. Bal at end of year 14,620. 2008 $1,000 in admin services (legal fees associated with name change) $4,147 in maintenance. (All details are available in treasurer's reports.) Bal at end of year $18,204. So far for 2009 $505 for admin, $2,000 for road maintenance. Balance current is $15,068. It is anticipated that $1,000 will be come due for brush cutting and annual meeting mailing and misc. expenses. Peter calculates $80 per lot on an average year. That would mean $14,000 would be our target balance for emergencies. But, with inflation we could end up having to increase...costs such as diesel. Perhaps should keep it at $100 so that wouldn't have to increase. Want to be considerate of people who are having difficult times, and multiple lot owners. We just want to be prepared for an emergency. Propose $100 and let the members decide.
4) Brian informed Phil White of meeting and told him that an invite would be coming. Marlene also spoke with Phil. Peter will send an invititation in writing.
Next meeting is: Wednesday, July 1 at 7 pm.
Agenda:
Brief Dave and Jean by reviewing the minutes of this meeting. Status on mailing, road maintenance and anything that comes up in the interim.
7:50 p.m. Meeting adjourned.
Respectfully submitted.
Martha LaMarche
Recording Secretary