1) CALL TO ORDER
President Kerry L. Smith opened the meeting at 2:00 p.m. Quorum Present.
Director's Present: Kerry Smith - Hillcrest, President Joe Cappuccillii - Commercial
        Carol Parsons - Arbor Court, Secretary Michael Riegler - Commercial, Treasurer
        David Dunham - Fairmont Matt Witherow - Commercial
        George Purcell - Fox Hollow
        George Shaughness - Pinehurst
Director's Absent: Marina Taylor - Commercial
MCA Manager: Robbie Anderson - Manager
        Lori Goulett - Recording Site Administrator
2) QUORUM PRESENT
*NOTE: Marina Taylor came into the meeting at 2:05pm.
3) APPROVAL OF MINUTES
        Minutes of January 19, 2006 Board Meeting: George Purcell motioned to accept the minutes as corrected. George Shaughness seconds. Motion unanimous.
4) REPORTS OF COMMITTEES
a) Landscape Control Committee: No written report given
b) Long Range Planning Committee: No written report given
c) Documents Committee: No written report given
d) Audit Committee: No written report given
e) Finance Committee: Written report attached.
(T1A-# 125) Mike Riegler motioned to distribute the unallocated reserve and interest earned on the reserve account based on the average balance in each of the liability accounts. Matt Witherow seconds. Motion unanimous.
(T1A-#160) Mike Riegler motioned to allocate the Common Surplus to the Common Recreation Reserve and the Limited & POA Surplus be allocated to the Limited Road Reserve. Carol Parsons seconds. Motion unanimous.
(T1A-#276) Mike Riegler motioned to confirm the Finance Committee's recommendation to increase each of the administrative credit cards to $2,500.00 and retain the maintenance credit card at $1,000.00. George Shaughness seconds. Motion unanimous.
f) Security Committee: No written report given.
5) ACTION ITEM LIST / MANAGER'S REPORT
6) OLD BUSINESS
7) NEW BUSINESS
8. ADJOURNMENT
George Shaughness motioned to adjourn the meeting at 3:30 p.m. George Purcell seconds. Motion unanimous.
The next regularly scheduled meeting of the Board of Directors will be held on TUESDAY, MARCH 21, 2006 AT 2:00 P.M. AT THE MEADOWCREST CLUBHOUSE.
Respectfully submitted,
Carol Parsons, Secretary
Board of Directors

Updated 09/30/2008

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