2009 Annual Meeting
CEDAR VILLAGE ANNUAL MEMBERSHIP MEETING MINUTES
SEPTEMBER 27, 2009
Present: Sharon Chandler MSBR: Ricky Holcombe
Glen & Frankie Linville Alan Holcombe
Bill & Beth Osteen
Art & Patti Szmuriga
Bob & Gracie Casey
Bonnie Bradham
Gary Wood
President Szmuriga called the meeting to order following a great hot dog picnic lunch
The minutes from the September 28, 2008 annual meeting were given out and read. There being no corrections or additions to the minutes; President Szmuriga made the motion to accept as recorded. Second by Bob Casey, all in favor, motion carried.
President Szmuriga thanked everyone who came to the meeting and all members for their support. He thanked the Housekeeping and Maintenance teams and Management for their work.
He them reviewed with those in attendance the work done this year; the roofs of A, B, C buildings were replaced by shingles. The rear roofs greatly improved in looks. The living room sofas were replaced at a great price of $512.00 each and they are very comfortable.
The board has also decided to replace any windows or interior doors as needed. Rear deck replacement and other improvements will be done, as funds are available.
Art reported on the annual score from RCI, that Cedar stands at about 64% range and has a Silver Crown status. Again he stated that Cedar is old in number, #00011, but great for it’s size and budget.
Treasurer Bonnie Bradham reported on the financial status of the Association. As of 9/25/2009 the Association has $195,000.00 +/- with $21,000 in prepaid annual expenses, $10,000 escrow reserves, $13,000 taxes due in November and Beech Mountain Club dues of approximately $6,000 leaves a balance of $145,000 for the remaining three plus months of the year. She also noted that Cedar has collected 93.7% of its 2009 Annual Budget.
Secretary Bob Casey reported on the future of Cedar Village stating as all could see that they operation is ongoing, units are clean and well set, major improvements are being done as funds allow.
Director Gary Wood discussed the ongoing deck replacements / improvements and told those present about the removal of the down spout extensions at B & C buildings. (Those gutters have been placed underground).
Glen Linville said he had seen the new exterior door at A2 and the new sofas and they were both very good. Art said other doors, with double pane glass and blinds within the glass will be installed at the spring shut down.
The votes received for directors were 264, 23% of the total of 708 votes reported by Sharon Chandler. A quorum is 20%. There being no nominations from the floor, a motion by Bill Osteen, to close voting, seconded by Bob Casey. All in favor motion carried. Gary Wood and Art Szmuriga were re-elected to the board.
Treasurer Bradham also stated that Cedar would begin taking credit cards for 2010 assessments, which are $655.00. Owners may pay cash or check until January 15, 2010 the sum of $630.00. All credit card transactions and any assessments paid after January 15, 2010 will be full amount of $655.00.
President Szmuriga made the motion to adjourn the meeting at 1:25, second by Gary Wood, all in favor, motion carried.