Approved Minutes For December 2004

Arbor Ridge HOA Board Meeting Minutes 12/17/04 (Executive Session)

Deborah Bogle-Tao, Presiding

Rob Siegle, Recording

Somerset Christian Church, 7 pm

Attendees:

Deborah Bogle-Tao, Mary Davidson, Lynda DuLong, Allen Morgan, Robert Siegle

Meeting Purpose:

Review feedback from NWPM and make go/no-go decision on 2005 budget.

Decisions/Motions(NWPM Action Items):

Rob made a motion to level-set expectations and explore service level agreement with NWPM for fiscal year 2005, all in favor.

-Audit

-Reserve Studies

Mary made a motion to for the reserve study to be completed by NWPM (WSSC) and returned to the HOA no later than Dec 31st, all in favor.

Mary made a motion to get estimates for HOA meeting announcement signs (8-10qty), all in favor.

Mary made a motion to accept the main association & landscape budget for 2005. Note the budget increase for 2005 was below 10% from 2004, all in favor.

Mary made a motion to accept the cottage collection & landscape budget for 2005. Note the budget increase for 2005 was below 10% from 2004, all in favor.

Lynda made a motion for the contingency fund to be pulled over from 2004 surplus for both operations accounts, all in favor.