Minutes of the Board Meeting of the
Camelot Residences Association Inc.
On October 9, 2017, at the On-site Office

Call to Order:
Richard Stewart called the meeting to order at 6:00 p.m.

Establishment of Quorum:
Board members present were Richard Stewart-President, Gerald Britton-Vice President, Kim Lucks-Secretary-Treasurer and Directors Don Drake, Bill Galloway and Jason Andersen. Kathy Watts represented Dragon Property Management.

Approval of Minutes from October 4, 2017 meetings:
Jerry Britton made a motion to approve the October 4, 2017 Special Board Meeting minutes. Richard Stewart seconded the motion and the motion passed by majority voice vote, with Bill Galloway abstaining.

Financials Reports:
Financials: Reserves are being funded on schedule.

Old Business:
Railing update: The Board contracted from Lightholder for the railing replacement. Half will be replaced in 2018 and the other half in 2019. The railings replaced in 2018 will be the ones determined to be most in need. The funds for the project will be borrowed from the Painting Reserves. The project should start in 3 to 4 weeks.
Shuffleboard court repair: NIDY Company has made the repairs to the shuffleboard courts.
Unit sales: The three units that will be up for sale are in the process of being painted and minor repairs made. Jerry stated the units should be ready for listing within the next 2 weeks. Bill Galloway made a motion to contract with Realtor Lisa Moore to list units 3014, 3076 & 3100. Jerry Britton seconded the motion and the motion passed by unanimous voice vote.

New Business:
Proposed budget for 2018: The Board has scheduled a Special Budget Meeting on Monday, October 16th at 5pm in order to review and present a 2018 Proposed Budget for mailing.
Swimming pool rules: This issue has been tabled for a later time.

Next Board Meeting: The next scheduled Board meeting will be Monday, November 13, 2017 at 6:00 p.m. in the on-site office.

With no further business to discuss, Bill Galloway made a motion to adjourn the meeting at 6:50p.m. Don Drake seconded the motion and it passed by unanimous voice vote.

Respectfully submitted,
Kathy Watts
Kathy Watts, CMCA, LCAM
Dragon Property Management
Board of Directors, Camelot Residences Association, Inc.