What's New

CALL TO ORDER
The meeting was called to order at 6:30 p.m. by Sharon Drobka, President.

MEMBERS PRESENT
Sharon Drobka - President
Dan Van Ert - Vice President
Pamela Rohlfs - Treasurer Morris Lane - Member
Jin Kim - Member

MEMBERS ABSENT
Anne Omori - Member

ALSO PRESENT
Joanne Peña - Horizon Management Company
Jack Davidson - On-Site Maintenance

MINUTES
MOTION (DVE,ML) to approve the minutes of the March 16, 2010 board meeting, as submitted. The motion carried, with PR abstaining.

FINANCIAL REPORT
As of March 31, 2010, there was $268,965 in operating cash and $1,649,069 in reserve funds.

Reserve Investments. The Board received additional information with regard to David Lynn's move from Merrill Lynch to Morgan Stanley Smith Barney. The Board requested that competitive CD rates be obtained from both brokerage firms for the May meeting. The Board also requested that David Lynn be invited to the May meeting.

MOTION (DVE,ML) to re-invest the two $90,000 CD's coming due April 29th and April 30th for twelve months. The motion carried.

Delinquencies. The Board discussed the status of delinquent accounts. Association Lien Services will be advised that the Board is willing to revisit a seriously delinquent owner's request for a payment plan.

MOTION (DVE,AO) to accept the March financial report. The motion carried.

MAINTENANCE REPORT
Landscaping Proposals. MOTION (ML,JK) to accept TruGreen's proposal for $1,600 to remove two dying Sequoia trees, and replace them with one Coast Live Oak. The motion carried. MOTION (ML,PR) to accept TruGreen's proposal for $830 to remove two pines and trim the branches from three other pines along the east side of the complex. The motion carried.

MANAGEMENT REPORT
2011 Reserve Study Update. MOTION (ML,PR) to approve Reserve Studies Incorporated's proposal for $1,380 for the 2011 reserve study update. The motion carried.

Lighting Retro-fit Proposal. MOTION (ML,DVE) to submit a Multi-Family Energy Efficiency Rebate Program application with Southern California Edison, with the understanding that Efficient Lighting will replace all of the patio wall pack light fixtures and bulbs at no cost to the Association in exchange for the Edison rebate. The Association will benefit long term from the anticipated energy savings. The motion carried.

Rules Review. The Board reviewed the existing parking rules, and general consensus is that they are adequate but that the permit application process needs to be simplified. Review of the General Rules and Regulations was tabled to the May meeting.

NEXT MEETING AND ADJOURNMENT
There being no further business before the Board, the meeting was adjourned to Executive Session to conduct disciplinary hearings at 7:50 p.m. The next meeting is scheduled for May 18, 2010 at 6:30 p.m. in the Clubhouse.