Board Meeting of February 28, 2013
Board members present: Al Truesdale, Ed Pardue, Gary Swank, and Christa Emminger. Lorrie Smith was absent.
Al Truesdale called the meeting to order at 6:12 p.m. at his home. Al then introduced the agenda, which was approved.
The minutes of the meeting of January 17th, 2012 were presented and accepted as read.
Ed Pardue reviewed the financial reports from Bundy for January and February, 2013. Ed presented a recap of income and expenses by month. Ed’s statements were approved as received.
Old Business- Christa reviewed current status of our covenants. She is compiling seven documents into one for the attorney’s finalization. Additionally, we are working to incorporate enforcement tools into the covenants in order to strengthen the community.
Review Agenda for 2013 Annual Meeting – Al presented his agenda for the meeting, and the committee worked through the order of presentation.
Review Proxy and Ballot Returns- 53 proxies have been received as of this date. Eleven of the 53 proxies received voted “NO” on the security camera proposal, which would indicate that the community is for this installation.
Approve 2013 Proposed Budget- Ed presented his proposed budget. Christa pointed out that there will be some additional legal fees. The budget was revised and accepted for presentation to the community for approval.
With no further business before the board, the meeting was adjourned at 7:55 p.m.
The next SPPOA meeting will be the annual meeting on March 11th at Grays Hill Baptist Church.
The next meeting of the board will be on April 8th at 6 p.m. at the home of Ed Pardue.