Lakota Canyon Ranch Master Association, Inc.

 
Annual Meeting Minutes
Place Held:  Lakota Canyon Ranch Golf Club, 1000 Clubhouse Dr, New Castle, CO
Time:  6:30pm
Date:  February 13, 2007

 
Officers Present:
John Elmore, President
Tom Underwood
Charlie Roberts
Present:
Bob Noone, Board Attorney
Rachel Etzel, Administrator
 
Members present or by proxy and results of Ballots, are attached.

Supporting documents were given to all at the meeting.  These documents included; a 2006 Annual budget,  Revised 2007 Budget, Year End Profit & Loss, and Balance Sheet, Ballot for vote to elect Board Member, and budgets for Recreation center, Operational and Construction.  

• Annual Meeting was called to order at 6:45pm with a Roll Call, Certified Notice of Meeting, and review of last meetings minutes.
  

• Revised budget was discussed and approved.  Noted, Assessments were decreased from $100.00/quarter to $66.00/quarter.  This new assessment is going to be effective beginning 2nd quarter of 2007.
  

• Development will be sending memo and speaking to all builders and contractors in reference to condition of streets, and their obligation to keep streets and work areas clean.  Article 3.3, and Section 3.14, and Design Guidelines Ref. to 47.0.
  

• Nomination of Executive Board Member was completed by paper ballot, resulting in Charlie Roberts as officially on the Board.  Results of election are attached.
  

• By unanimous vote, the Board elected to withhold the ballot for the HOA’s assuming ownership of the Recreation facility.  The Developer will own and operate facility.  (Feb. 13, 2007)
  

• Meeting was adjourned at 8:30pm