February 2013 HOA Meeting

Spring Creek Ranch HOA
Board of Directors Meeting Minutes-Approved
Thursday, February 7, 2013 7pm
Best Western, 195 S 850 E, Lehi, UT 84042
Directors Present: Luke Chamberlain, Wayne Logan, Dane Quittner, and Rich Montierth (via phone)
Also present: Community members, K&R Premier
Proceedings:
1. Meeting Called to order at: 7:16pm
2. Reviewed, adjusted and approved January 8th and 17th, 2013 meeting minutes
3. Reviewed financials with K&R
4. Discuss Power Line trail concerns
5. Discussed Ryan Barker’s discussion about new plat to be develop
6. Discussed Management company selection
7. Open forum to community
8. Meeting Adjourned at: 9:14pm
Action Items:
1. Luke to review insurance coverage and make recommendations to board at next meeting
2. Board to consider an annual calendar of meetings, maybe a committee to create
a. Different days of the week is preferred to accommodate as many members as possible
3. Add onto next agenda to discuss power line trail
a. K&R to work with Glover to create a rendering and approximate pricing structure for review
4. K&R asked to inquire with HOA attorney about pre-payment benefits and the legal implications
Motions:
1. Motion to appoint Hardy Cherry as VP because Lynn Hansen resigned his position
a. Unanimously in favor
b. Hardy Cherry appointed as VP
2. Motion to retroactively move $87,003 from operating expense to the reserve account per HEB, the auditor’s, recommendation
a. Unanimously in favor
3. Motion to vote K&R as management company
a. Dane Quittner opposed
b. Wayne Logan, Luke Chamberlain, and Rich Montierth in favor
c. Hardy Cherry abstained
d. Motion passed

Minutes approved: March 6, 2013, 7:05pm, unanimously by board
Minutes Submitted By: Kenny Wilson, K&R Premier, Agent

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