PRRPOA Board Meeting Minutes 8-18-07

Pine Ridge Property Owners Association

Board of Directors Meeting Minutes

Meeting was called to order by Terry Barnes at 1810 in the barn of Arnold and Kathy Tollefson.

In Attendance:

Terry Barnes-President Bill Rader-Vice President

Jim Stover-Director Jerry Dyer-Director

Tona Mendoza-Treasure Sharon Leon-Secretary

Member in Attendance:

Lori Stover, Dick Gosselin, Linda Gosselin, Mary Jane Woods, Bob Neff

Minutes:

Sharon read the minutes from the previous meeting. Terry made a motion to approve as written, Bill Seconded, all approved.

Treasure Report:

Ton read the treasure’s report. There was some questions about taxes, Tona would like an accountant to look at the papers and see if everything is in order. Dick reported he had an accountant look at them and we don’t make enough to pay taxes or have to fill out any other paper work.

There was also questions about the bill for the lawyer. Tona will do some checking on to see if we owe this bill. if so will pay at a later date. Terry made a motion to accept the report as read, bill seconded, all approved.

Old Business:

There was more talk about the Wyrlec bill and contract. Dick said the contract was iron clad for the amount of $715,000.00, signed by himself and the pres. of Wyrlec Calvin Hoy. Jerry made a motion to table the talk till we get a new bill, Jim seconded, all approved. Sharon said she would make a copy of the contract and get it to each board member, so everyone could become familiar with it.

New Business:

There was talk about the rebate on the power and when it should be sent out. Tona explained that it had been tabled by the previous board until the new board took over.

Terry and Bill talked to First State Bank and they said they could handle the rebate for the board. Tona said she could also do it without any problems.

Motion was made to draft a letter to all members about rebate. Jim said he would make the first draft and bring to the board to look over. Jerry seconded, all approved.

All agreed there would be no rebate till after the bill with Wyrlec was all settled and a letter sent to the original 94 investors.

Members talked about the proper way address the board and how to send correspondence to the board.

Board talked about the staggered terms and the need to make admendment to the by-laws to reflect the same as the articles. Jim made a motion to make admendment, Terry seconded, all approved. Jim will make a draft and bring to board members. Once this is finalized a letter will be sent to all members.

Correction to minutes:

It was brought to the boards attention that the previous board had sent out a letter and reminder to member Rolf Moeller about the interest he still owes for power. Present board will wait another 30 days and send a final reminder.

Jim brought up the sign in the entrance way needing repair

Jerry talked about some of the roads needing repair after the rains.

Jerry motioned to adjorn the meeting, Bill seconded, all approved.

Next meeting is set for 9-15-07 at 9am