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Dakota Ridge Homeowners Association
Board of Directors Meeting
Thursday, September 21, 2017
Medora Fralick and Nancy Kounovsky, The Commercial Property Group
A meeting of the Board of Directors of the Dakota Ridge Homeowners Association was called to order by President Sharon Pace at 8:05 am in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln Ave., Steamboat Springs, Colorado.
Tomas presented the financials which show that as of August 31, 2017 the Association was approximately $15,000 ahead of budget, having received about $3,500 more in income than budgeted year to date and having spent about $11,500 less than budgeted. Tomas also noted that the Capital Reserve balance at the end of August was approximately $540,000, which is in line with expectations.
The Board next discussed the water system. Medora explained that the expected completion date of the CIP plan from Civil Design Consultants (CDC) is November 15th. The Board also discussed the most recent water leak. The piping at the location of the break is ductile iron pipe. Medora will check with CDC to ensure that the CIP plan includes replacing the piping in this problem area.
No action was taken with regard to Roads but Sarah updated the Board on current educational campaigns on behalf of local cycling organizations regarding private roads.
Under ARC, Medora gave an update regarding the current construction projects in the subdivision. No additional action was taken.
The next meeting is scheduled for November 30th at 8:05 am.
The meeting was adjourned at 8:35 am.