MINUTES OF BOARD OF DIRECTORS OF MARBELLA LAKES
OWNERS ASSOCIATION ON October 25th, 2016
Jennifer Fazio, Michael Francis, Brett Cohan and Cheryl McFarland (Community Manager)
1. Call to Order
Meeting called to order at 6:00pm by Jennifer Fazio.
2. Establish Quorum
Quorum was established with three board members present.
3. Proof of Notice
Proof of notice was given 48 hours in advance.
4. Approval of Minutes
Brett made a motion to approve the September meeting minutes, Jennifer seconded, all in favor motion passed.
5. Treasurer’s Report
Mike Francis reported as of September 30th, 2016 we have total operating cash of $492,818. There is $7,189 in accounts receivable and $197,581 in current liabilities. Mike also reported on budget line item variances.
6. Property Manager Update
Jennifer introduced our new manager Cheryl McFarland. Cheryl comes with years of experience and is excited to be on board. Cheryl spoke to those in attendance and all welcomed her to the position. Jennifer thanked Mike Francis for the countless hours he spent volunteering his time in the office during the transition period. Jennifer also recognized our Social Director, Carri Adam for going above and beyond during this time.
7. Budget Meeting Update
The Budget Meeting is scheduled for November 15th. The proposed budget and meeting notice will be distributed to all owners in approximately one week.
8. Oak Tree Update
Brett advised that we hired the engineering firm Hole Montes for the purpose of amending the community PUD. The County must approve a revision to the community PUD prior to the consideration of any removals. A pre-application meeting took place with the County a week ago. As a result of that meeting Hole Montes will submit a revised PUD application to the County within the next 2-3 weeks.
Jennifer adjourned the meeting at 6:45 pm.