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Dakota Ridge Homeowners Association
May 14, 2009
A meeting of the Dakota Ridge Homeowners Association was held on May 14, 2009 at 12:00 p.m. in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln, Steamboat Springs, Colorado.
Board Members: Tomas Stone
Guests: Stephanie McDonald
The meeting of the Board of the Dakota Ridge Homeowners Association was called to order at 12:00 p.m.
The first order of business was discussion of the proposed bank loan terms for the approved road project. Tomas Stone provided information to the Board members concerning proposals from Alpine Bank, Millennium Bank and Yampa Valley Bank. The Board reviewed the information.
Tomas recused himself from any motion or vote on the bank proposals. Diane Pietig made a motion to accept the Millennium Bank loan proposal as presented and it was seconded by Michael Williams. A vote was taken and all approved with an abstention from Tomas. The motion was approved unanimously.
The next item of business was the Financials. Nancy Kounovsky presented the Financials. There were no snow removal expenses for April and the Association is under Budget at this time.
The next item of the agenda was Roads. Letters will be sent to homeowners in the coming week with firm numbers from Connell Resources concerning the road project. Tomas will be sending out a Presidentís letter also which will include payment alternatives for the road project.
A tree blow down has put some trees on a utility box in the neighborhood. Medora will contact YVEA for their removal. She will also have other fallen trees in the common areas taken care of.
Weed spraying information will be provided on the associationís website concerning weed spraying. Mosquito control will also be contacted.
Under the Water Report, Tim DePuy presented a proposal for a fine schedule for extremely high volume users in the neighborhood. Discussion ensued and the Board agreed not to have a discretionary fine, but instead have a set fine at when a certain usage amount was reached. It was also agreed that the Board would have the option to rescind or reduce a fine. Tim will edit his proposal and send it out to the Board for consideration.
The water meter recertification program will resume as scheduled this summer.
Under the ARC report, Diane presented the most recent suggested changes of the covenants to the Board. The first one changes the compliance deposit to $10,000, the second change is the remodel fee will be $500 and change the definition of remodeling to exclude cosmetic changes and the third change concerning road protection requirements to include adopting the countyís requirements and would be implemented by the Board.
There being no further discussion, Tim made a motion to approve the proposed changes as submitted and it was seconded by Michael Williams. The motion was approved unanimously.
The proposed covenant changes will be posted on the Associationís website. Owners will be given thirty days for review and comments. These comments will be reviewed by the ARC. The final proposal will be mailed out for a vote.
There was a concern from a lot owner about bicycle traffic in Dakota Ridge. The neighborhood does have private road signs posted, which the Board felt was appropriate.
The next meeting is meeting on June 11, 2009 at 12:00 p.m. at the Board Room of The Commercial Property Group, LLC
There being no further business the meeting was adjourned.
Secretary for the meeting