Monday June 17th, 2024

Association Administrator
Commercial Property Group
1856 Lincoln Ave
Steamboat Springs, 80487

Phone: 1.970.879.1402
Fax: 1.970.879.7777



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Dakota Ridge Homeowners Association
Board of Directors Meeting
Thursday, August 13, 2015

In attendance: Sharon Pace, Tim DePuy, Tomas Stone, Carrie Hayden
Guests in attendance: Medora Fralick, Nancy Kounovsky – Commercial Property Group (CPG)

The meeting was called to order by President Sharon Pace at 8:00 am in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln, Steamboat Springs, Colorado.

The Board discussed the progress on establishing a new long range planning committee to assist with capital improvements. The Board is in the process of contacting individuals to see if there is any interest in joining the committee. The new committee will be formed later in the year after the majority of the 2015 water project is complete.

Tomas recapped the Association’s financial position at July 31, 2015. The Association’s overall finances compare favorably to the budget by approximately $1,500. The income from water billing for the quarter ended June 30, 2015 is under budget by approximately $5,700 due to rainy weather conditions and homeowner conservation. Road Maintenance costs are over budget by approximately $4,500 due to unanticipated ditch work performed by Native Excavating.

With regard to the new money market account opened at Mountain Valley Bank (the balance of the CD that matured in July 2015), Tomas made a motion to adopt the” Resolution of Lodge, Association or Other Organization” (attached) to open the new money market account and authorized Medora Fralick and Nancy Kounovsky as signers on the account.

Sharon seconded the motion. The motion was approved unanimously.

Under roads, Medora mentioned that the crack sealing project is complete, the roadsides have been mowed and the ductile pipe has been removed.

There was no action taken with regard to ARC review.

Under other items, Medora and Nancy left the meeting and the Board, in executive session, discussed the management agreement proffered by Medora.
Upon Medora and Nancy’s return, Tomas made a motion to enter into a new management agreement with The Commercial Property Group, LLC, with an hourly rate of $72.50 effective 9/1/15. The new management agreement will expire on May 31, 2016.

Carrie seconded the motion. The motion was approved unanimously.

The next meeting of the Board was scheduled for September 24, 2015 at 8:05 am.

The meeting was adjourned at 9 am.

Respectfully Submitted,
Nancy Kounovsky
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