Minutes of the Board of Residential Trustees Meeting

Wednesday, January 27, 2016

7:00 p.m.

Bret Marshall called the meeting, convened in the Community Room, to order at 7:00 p.m.

Residential Trustees present and participating: Bret Marshall, Sandra Lee Sterns and Antonio Mejia.

Paul Caprenter and the Commercial Trustees were excused.

Approval of Previous Minutes

The Minutes of the December 10, 2014 Board Meeting, upon motion duly made and seconded were approved.

Finance Committee

The Board reviewed the un-audited Budget Comparison statement for the Operating Fund for December 31, 2015. Although there were several budget categories that showed either over-budget or under-budget, the overall unaudited Net Income Y-T-D was on-budget.

Declaration Amendment

It was reported that a proposed amendment to replace section 8.02 of the American Towers Declaration had received the required consent from 60% of all Owners with a vote of approximately 620 votes. The amendment and all ballots will be submitted to the American Towers CPA for certification of the exact vote count prior to submitting it to the County Recorder for recording.

Owner Petition

An Owner petition to call a Special Owners Meeting was submitted to the Board of Trustees.


The meeting adjourned at 9:00 p.m.

Respectfully Submitted,

Antonio Mejia