Call to Order: President Mause called the February 24, 2010 meeting of the Board of Directors to order at 7:05 pm.
| President: | Chris Mause | Present |
| Vice President: | Brian Luse | Present |
| Treasurer: | Rick Andrews | Absent |
| Secretary: | Aileen Fowler | Absent |
| Director: | Bill Mercer | Present |
| Director: | Ray Oliver | Absent |
| Director: | John Ramirez | Absent |
| Director: | Susan Valocchi | Present |
| Director: | Bill Winston | Present |
Motion #1: Approve the agenda. Motion by Director Valocchi. Seconded by Director Winston. Motion Passed.
Motion #2: Approve the minutes of the January 27, 2010 regular meeting of the Board of Directors. Motion by Director Valocchi. Seconded by Director Luse. Motion Passed.
Motion #3: Approve the minutes of the February 9, 2010 Special Meeting - Election of Officers. Motion by Director Mercer. Seconded by Director Winston.
Motion #4: As Amended: Recommend that the Board authorize the Community Manager to pull the inoperative motor from the Rapids, get three (3) bids, and hire the best of the three (3) bids to rebuild/replace the Rapids Pump, including electrical. The reserve expenditure of no more than $10,000 to either repair or replace the Rapids Pump was approved in the 2010 Reserve Budget. Motion to Amend by Director Mercer. Seconded by Director Winston. Amended Motion Passed.
Motion #5: Recommend that the Board convert the long-term reserve Mutual of Omaha CD in the amount of $101,213 that matures on 03/04/10 into a reserve 12-month JP Morgan Chase CD. Motion to Amend by Director Mercer. Seconded by Director Luse. Motion Passed.
Motion #6: Recommend that the Board authorize the transfer of 50% of the first quarter allocation to reserves in the amount of $39,655.12 from the Mutual of Omaha operations checking account and deposit it to the JP Morgan Chase reserve savings account. Motion by Director Mercer. Seconded by Director Valocchi. Motion Passed.
Motion #7: Recommend to the Board that Maureen Harrison continue another term on the B&F Committee. Motion by Director Valocchi. Seconded by Director Luse. Motion Passed. Abstained by Director Mercer.
Motion #8: Temporarily appoint Mark Reddie to the Personnel and Compensation Committee. This appointment is only for the purpose of making decisions related to hiring a recreation coordinator and restructuring the clubhouse staff. The appointment will expire once final decisions are made and implemented. Motion by Director Luse. Seconded by Director Valocchi. Motion Passed.
Motion #9: Motion was made to adjourn the meeting. Motion by Director Valocchi. Seconded by Director Mercer. Motion Passed.
Board Meeting was adjourned at 8:15 pm.
