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Dakota Ridge Homeowners Association
November 13, 2008
A meeting of the Dakota Ridge Homeowners Association was held on November 13, 2008 at 12:30 p.m. in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln, Steamboat Springs, Colorado.
Board Members: Tim DePuy
Guests: Medora Fralick
The meeting of the Board of the Dakota Ridge Homeowners Association was called to order at 12:30 p.m.
Under the Road Report Medora reported that Native Excavating will complete the ditch work and retaining wall this fall. They will also provide a bid for the upcoming road work comparing asphalt cost versus chip and seal cost to be provided at the Annual Meeting. Tomas Stone reported that he has talked to Yampa Valley Bank and Millennium Bank about financing for the future road work and will present details at the Annual Meeting.
Under the Financial Report, Brent stated that everything was in line with the Budget and there was no further discussion.
The Water Report was given by Tim DePuy. He reminded the management company that those owners that have completed their water meter re-certification need to have a credit applied to their 4th Qtr water bill. Tim also asked if the water from the pump house could be re-calculated quarter by quarter for 2008 to have recent information on water usage. This would be a new baseline of water being pumped versus how much usage is being billed. The information would then reveal what amount if any is not being accounted for. This information would be provided at the Annual Meeting.
Under the ARC report, Medora informed the Board that Lot 12 has applied for a construction schedule extension. The project is still in the building process and is ongoing. Discussion ensued regarding the extension request.
Diane made a motion to grant an extension of the construction completion date to May 31, 2009 (from the current November 30, 2008) with the stipulations that construction not be suspended during the extension period and that a certificate of occupancy is presented to the Board by May 31, 2009. Failure to adhere to these stipulations would make the extension null and void and the accumulated monthly “failure to complete” fine would be $25,000. The motion was seconded by Tim DePuy. The motion was approved unanimously.
Diane reported that the ARC had not met in October. The envelope change for Lot 45 was approved by the Board via email.
The next meeting is meeting on December 11, 2008 at 12:30 p.m. at board room of The Commercial Property Group, LLC
There being no further business the meeting was adjourned.
Secretary for the meeting