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Dakota Ridge Board of Directors Meeting Minutes
December 18th at 10am via Zoom

Present: Ron Lemieux, Holly Van Deursen, Bill Noyes

Others Present: Paul Sachs (legal counsel) & Andrea Wilhelm (CPG/SRM)

Board President Ron Lemieux called the meeting to order at 10:05 and with three of five board members present, a quorum was established.

The meeting focused on finalizing the transition of the HOA management contract from the name of Commercial Property Group to Andrea's new company named Steamboat Realty and Management. In conjunction with legal counsel, the Board discussed minor language modifications and additions to the contract as well as an early termination agreement with CPG to be signed by both owners. The group addressed concerns about Andrea being the sole signatory on reserve accounts and agreed to add Holly as a co-signer, with plans to update the contract language to reflect that operations would be conducted in conjunction with the board rather than solely by Andrea. Paul and Ron committed to reviewing and revising the contract and termination documents within the next week for e-signature by year end. The conversation ended with discussions about implementing a new payment portal system, which Andrea planned to have ready by April 1st to align with the fiscal year.

Motion: Ron made a motion to add Holly Van Deursen as Treasurer to all three bank accounts in conjunction with Andrea Wilhelm as HOA Manager, Bill seconded, and Holly was also in favor.

Andrea said she would start that process with Mountain Valley and Yampa Valley banks ASAP while Holly is in Steamboat through January 7th.

The meeting adjourned at 10:20am.

Recorded by,
Commercial Property Group