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Dakota Ridge Homeowners Association
Board of Directors Meeting
Tuesday, July 25, 2017

In Attendance:
Sharon Pace
Paul Orzech
Tomas Stone

Guests:
Medora Fralick, Administrator
Paul Sachs, Legal Counsel

A meeting of the board of directors of the Dakota Ridge Homeowners Association 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 Ave., Steamboat Springs, Colorado.
Association attorney Paul Sachs began the meeting with a discussion of, and the current state of negotiations regarding, the proposed realignment of the water line easement over Lots 56, 57 & 58 (Rasa). The Board requested that Paul Sachs continue to seek realignment of the water line easement with terms consistent with the Association’s Covenants and thereafter Paul Sachs left the meeting.
The Board next discussed the water system. Medora noted that the water system engineers, CDC, have committed to a November 15th delivery date for their portion of the Capital Improvement Plan. The Board requested that CDC confirm this delivery date in writing. The Board discussed the second quarter water usage report, and asked Medora to follow up on several apparently unusual meter readings. The Board also requested that the current water rate schedule be sent out to all Homeowners along with a friendly reminder encouraging water conservation.
Tomas presented the financials which show that as of June 30 the Association was about $13,000 ahead of budget, having received about $1,000 more in income than budgeted year to date and having spent about $12,000 less than budgeted.
Tomas then noted a technical issue that required the Board to re-address a resolution that had been passed at the last board meeting. Some payments in the 2016-2017 fiscal year to CDC for engineering work done on the Chlorine Contact Basin (a capital project) had been erroneously reported on the Capital Improvement Plan operating line. The effect of correcting this bookkeeping error was to increase FY17 net income by approximately $10,000 while reducing the fiscal year end capital account by exactly the same amount. Noting that there were no other effects on the Association’s financial accounts, Tomas proposed to amend the resolution passed at the Board’s last meeting to move the corrected surplus from the fiscal year ended March 31, 2017 ($76,720.47) to the Capital Reserve. The motion was seconded by Paul Orzech and unanimously approved.
No action was taken with regard to Roads
No action was taken regarding ARC but ARC Committee chairman Jim Lob had submitted a written ARC report noting the approval of the plans for the Nauleau home (Lot 72). The Board requested that ARC submissions and approvals be reported to them so that they are aware of ARC activity.
Under new business, Paul suggested that, in an effort to reduce the number of heavy trucks traversing the Association’s roadways every week, the HOA could contract for waste removal for all homeowners. After discussion, the Board took no action.
The next meeting was scheduled for September 21st at 8:05 am.
The meeting was adjourned at 8:49 am.
Respectfully submitted,

Medora Fralick