Minutes for May 28, 2008 Meeting

SAN DIEGO RANCHO LA CRESTA HOMEOWNERS ASSOCIATION
REGULAR BOARD OF DIRECTORS MEETING
MINUTES
May 28, 2008

DIRECTORS PRESENT
Keith Greener
Todd Philips
Brent Kuykendall

DIRECTORS EXCUSED
Howard McLawhorn
Jay Wurtzler

CALL TO ORDER / VERIFICATION OF A QUORUM: The regular meeting of the Board of Directors was called to order after establishment of quorum on May 28, 2008 at 7:10 pm at the Scripps Ranch Community Center on Cypress Canyon Road. Also present was the Association’s manager Bobbie Gibbs from N. N. Jaeschke, Inc.

HOMEOWNERS SESSION: A couple of homeowners were present at the meeting. The topics of interest were the wrought iron fence painting project, plantings and parking.

APPROVAL OF MINUTES: The Board tabled the Minutes of the previous meeting of the Board of Directors due to the absence of the majority of the board members that attended the April 16, 2008 meeting.

FINANCIAL MATTERS: The Board tabled the Financial Statements, Bank Statements, and Delinquency Reports for the period ending April 30, 2008 until the next meeting of the Board in June.

REPORTS:
A. ARC – The Board reviewed the Architectural Log provided for them in the packet. No further action required at this time.
B. Steven Smith Landscape - The Board reviewed the report provided in the packet of the walk thru notes of May 20, 2008.

Wrought Iron Fence Painting Project: Upon motion, seconded and carried the Board approved the proposal from N. N. Jaeschke, Inc., to complete the repairs needed in the amount of approximately $7,770.00 and the remainder of the fences to be painted that were not done by ProTech Painting in the amount of $3,940.00.

Annual Budget – Fiscal Year August 1, 2008 – July 31, 2009: The Board reviewed the budget present by management and tabled until the remainder of the Board of Directors have an opportunity to review.

Upon motion, seconded and carried the Board agreed the Association will go to statements for the monthly assessment of $69.60 starting July 1, 2008. Upon approval of the Annual Budget will go to billing of assessments by a coupon book for the year to be sent to the members.

Annual Election: Upon motion, seconded and carried the Board appointed N. N. Jaeschke, Inc. to be Inspector of Elections for the upcoming election of the Board of Directors in July, 2008.

CORRESPONDENCE

The Board reviewed the correspondence provided in the Board packet, no further action needed at this time.

ANNOUNCEMENTS AND ADJOURNMENT:

The next landscape walk-through will be June 16, 2008 at 9:00am at Candy Rose Way and Angeligue Street.

The next Regular Session Board Meeting will be Wednesday, June 18, 2008.

There being no further business to come before the Board, the meeting was adjourned at 9:00pm.

Respectfully Submitted,

____________________________________________________
Board of Directors
Prepared by Bobbie Gibbs, CCAM, Association Manager

Minutes for April 16, 2008 Meeting

SAN DIEGO RANCHO LA CRESTA HOMEOWNERS ASSOCIATION
REGULAR BOARD OF DIRECTORS MEETING
MINUTES
April 16, 2008

DIRECTORS PRESENT
Howard McLawhorn

Todd Philips
Jay Wurtzler

DIRECTORS EXCUSED
Keith Greener
Brent Kuykendall

CALL TO ORDER / VERIFICATION OF A QUORUM: The regular meeting of the Board of Directors was called to order after establishment of quorum on April 16, 2008 at 7:15 pm at the Scripps Ranch Community Center on Cypress Canyon Road. Also present was the Association’s manager Bobbie Gibbs from N. N. Jaeschke, Inc.

HOMEOWNERS SESSION: There were no homeowners present at this meeting.

APPROVAL OF MINUTES: The Board reviewed the Regular Meeting minutes for the meeting of March 19, 2008. Upon a motion duly made and seconded, the Board agreed to approve the Regular Meeting Session minutes as submitted and to place them on file for audit.

FINANCIAL MATTERS: The Board reviewed the Financial Statements, Bank Statements, and Delinquency Reports for the period ending March 31, 2008 and upon motion, seconded and carried approved the financials to be placed on file for audit.

Upon motion, seconded and carried the Board authorized the attorneys to proceed with a Notice of Delinquent Assessment Lien against account #239-132, if full payment is not received by April 29, 2008.

The Board reviewed the investment recommendations of Merrill Lynch to continue to ladder the investment of the Certificate of Deposits with a 6 month to 3 year maturity range while maintaining some liquid cash in money market.

REPORTS:
A. ARC – The Board reviewed the Architectural Log provided for them in the packet. No further action required at this time.
B. Steven Smith Landscape - The Board reviewed the report provided in the packet of the walk thru notes of March 17, 2008.

Easement Park Upgrade: Upon motion, seconded and carried the Board tabled this item until a later date due to the expense of other necessary items.

Wrought Iron Fence Painting: Upon motion, seconded and carried the Board tabled the selection of the vendor until more members of the Board can be present to review the proposals.

Brush Abatement: After discussion and reviewing of the two proposals from N. N. Jaeschke, Inc. and Steven Smith Landscape and upon motion, seconded and carried, the Board approved the proposal from N. N. Jaeschke, Inc. in the amount of $18,125 to accomplish the brush management to commence May 12, 2008.

CORRESPONDENCE

The Board reviewed the correspondence provided in the Board packet, no further action needed at this time.

ANNOUNCEMENTS AND ADJOURNMENT:

The next landscape walk-through will be May 19, 2008 at 9:00am at Candy Rose Way and Angeligue Street.

The next Regular Session Board Meeting will be Wednesday, May 28, 2008.

There being no further business to come before the Board, the meeting was adjourned at 9:00pm.

Respectfully Submitted,

____________________________________________________
Board of Directors
Prepared by Bobbie Gibbs, CCAM, Association Manager