Island Village

MINUTES OF THE ISLAND VILLAGE CONDOMINIUM ASSOCIATION
BOARD OF DIRECTORS ORGANIZATIONAL MEETING
HELD TUESDAY, DECEMBER 5, 2017

Call to Order:
The meeting was called to order by Mary Hoehn at 7:15pm.

Establish Quorum of Directors:
Mary Hoehn, James Thomas, Mary Touris and Jim Pritsch were present in order to establish a quorum. Roseann Simcox was not able to attend. Kathy Watts represented management.

Approval of Minutes from the November 7, 2017 Board Meetings:
Mary Hoehn made a motion to approve the minutes of the November 7, 2017 Board meeting as written. Jim Thomas seconded the motion and the motion passed by unanimous voice vote.

Financial Report:
Jim Thomas reported that as of November 30, 2017 the association has the following in their accounts, Operating: $57,849.92 and Reserves: $454,833.09. The Reserve account is being funded on schedule.

Elections of Officers:

Mary Hoehn made a motion for Jim Thomas to serve as President. Mary Touris seconded the motion and the motion passed by majority voice vote.

Mary Hoehn made a motion for Mary Touris to serve as Vice President. Jim Thomas seconded the motion and the motion passed by majority voice vote.

Jim Thomas made a motion for Mary Hoehn to serve as Treasurer. Mary Touris seconded the motion and the motion passed by majority voice vote.

Mary Hoehn made a motion for Roseann Simcox to serve as Secretary. Mary Touris seconded the motion and the motion passed by majority voice vote.

The 2018 Board of Directors is as follows:
President: Jim Thomas
Vice President: Mary Touris
Secretary: Roseann Simcox
Treasurer: Mary Hoehn
Director: Jim Pritsch

New Business:
Cable cover replacement: Jim Thomas made a motion to accept the estimate from Spectrum for the replacement of the cable covers on all the buildings for $1,801.98 ($2002.20 less the 10% of $200.22) Mary Hoehn seconded the motion and it passed by unanimous voice vote.

Old Business:

Announcement:
-There will be a Holiday Party on Friday, December 8th at 5:00pm. Attendees are requested to bring finger food to share and to bring your own drink of choice. Please R.S.V.P. with Jacquie Allen at 453-7847 so enough food can be ordered.
-Mary wished to thank the social committee for their assistance in decorating the clubhouse for the holidays.

New owners:
None at this time.

Next Meeting:
The next meeting is scheduled for January 16, 2018 at 3:00 pm.

Adjournment:
With no further business to discuss, the Organizational Meeting was adjourned at 7:25pm.

Respectfully submitted,

Kathy Watts
Kathy Watts, CMCA, LCAM
Dragon Property Management