MINUTES OF THE ANNUAL MEETING
HUNTER’S RUN CONDOMINIUM ASSOCIATION, INC.
October 16, 2006
6:30 PM
The Annual Meeting of the Hunter’s Run Condominium Association, Inc. was held on the evening of October 16th, 2006, beginning at 6:30 PM, at the Ross University Library, 4310 East Amherst Avenue, Denver, CO. All homeowners had been notified of the time, date, and place of the Annual Meeting by mail at least 15 days in advance. Meeting agenda and proxy notices, annual disclosure information and website provided to review the proposed 2007 Budget were included in the mailing.
REGISTRATION/CALL TO ORDER/CONFIRMATION OF A QUORUM
Homeowners attending the meeting were asked to sign-in. The meeting was called to order by Mark Overton, President. Board members were introduced as follows: Michael Westcott, Mary Ann Kill, Greg Chavez, Bonnie Ra, Michael Whalen, Robert Swedberg and Mark Overton. Representing management: Kim Maguire of Premier Property Management, LLC. Kim confirmed for the Association that a quorum of voting members to include proxies was present, with the total being 51, 20 in person and 31 by proxy. A quorum of 27 is required by the Bylaws of the Association.
APPROVAL OF THE MINUTES OF THE 2005 ANNUAL MEETING
The Minutes of last year’s Annual Meeting held on October 17, 2005 were approved, as circulated. A motion for approval of the 2005 Minutes was made by Mr. Freidman and seconded by Ms. Swearinger. The motion was unanimously approved by a show of hands.
RESERVE TRANSFER RESOLUTION
A tax resolution was motioned by Mr. Maguire and seconded by Mr. Swedberg and was unanimously approved by a show of hands as follows:
“Any amounts collected by the Association in excess of operation expenses for the year ended December 31, 2006 shall be set aside for future major repairs and replacements and allocated to capital improvements”.
FINANCIAL REPORT
Ms. Maguire, Premier Property, reviewed the Unaudited Financial Statements of the Association. The statements included the Balance Sheet as of September 30, 2006 and the Income Statement for the nine months ended September 30, 2006. Ms. Maguire reviewed the proposed 2007 Budget to all homeowners. The Budget was reviewed and approved by the Board in September. Mr. Overton requested a show of hands to approve the 2007 Budget. Mr. Overton asked for a show of hands to reject the 2007 Budget. By a show of hands the 2007 Budget unanimously passed.
PRESIDENT’S REPORT
Mark Overton reported on the state of the Association for the past year. Several significant capital improvement projects were highlighted by Mr. Overton including: Purchase of ten new pet pickup stations, the mitts are less than half the cost of the previous mitts for the old stations. Numerous rotted decking beams were replaced. The entire complex was painted a new color and future painting will be completed on rotating years. New trees, shrubs and river rock were installed around the complex. New pool lights were installed to replace the white globes. Concrete stair treads were purchased for Buildings F, G and H. New handrails were installed at Buildings L and M. Warped siding was replaced at the garages. A large tree prune was completed in the spring.
ELECTION OF DIRECTORS
After reviewing the election process, Mr. Overton requested two homeowners be the voting tellers. Mr. Freidman and Ms. Barnes volunteered to be the voting tellers. Mr. Overton opened the floor for nominations to the Board of Directors. It was noted that there are three positions are open, each a two year term.
The following candidates elected to run for a Board position:
Mark Overton
Bonnie Ra
Michael Westcott
Due the fact that only three candidates were running for the three open positions, Mr. Freidman motioned that a vote by acclamation be held rather than filling out of ballots. Ms. Wafer seconded the motion and the motion was unanimously passed by voice vote. All three homeowners will serve a two year term.
GENERAL HOMEOWNERS BUSINESS:
Mr. Overton opened the meeting to discussion and/or questions concerning general homeowner business. Some of the items discussed were: (1) Residents not picking up after their pets (2) a water leaking in Building E (3) Noise in neighboring units
ADJOURNMENT:
The meeting adjourned at approximately 7:11 P.M.
Respectfully submitted,
Kim Maguire Community Manager Hunter’s Run Condominium Association
Attachments: Incorporated herein by reference – (1) HRCHA Annual Meeting Agenda, (2) Hunter’s Run Condominium Association Financial Statements dated September 30th 2006, (3) HRCA 2007 Operating Budget.
