General manager Tracy announced through a new electric utility agreement our association will save $6,000.00 this year.
Treasurer Jeff announced the fiscal year end came out with a surplus of $120,000. He also mentioned the restaurant actually had a greater loss than anticipated but the golf course came in better than budget. Over all a great way to end the last fiscal year and a good way to start the current fiscal year. Congratulation to all who worked to keep us in good financial condition.
Tracy also said he expects us to save $20,000.00 on our dredging project due to some modifications in construction of our retention areas. In a related comment Brad Betke from the audience had a concern about the loss of a quantity of fish currently in our sedimentation pond by the golf course when the dredging starts. There was discussion about ways to transfer the fish into the main lake prior to dredging. The discussion is ongoing. There are many large fish currently residing there.
Rewrites on the CC&Rs is an ongoing project. Mailing of the proposed new documents will start and they should be in your hands this coming week for your examination. I would urge all of us to check these with a fine toothed comb for potential pitfalls. There will be meetings with attorneys to answer questions and take comments on June 12 and June 26th in the gym at the rec. center. Meeting times will be announced so have your questions ready. Don from the board indicated this, when completed, must be an all or nothing vote for or against, not piecemeal, and it will take a vote of 50% plus one of the property owners to put them into effect. A time for caution.
There were first readings on several issues including increasing the lake speed limit from 30 to 35 MPH for better skiing and allowing larger motors than our current 70 HP limit (4 cycle 75 HP) to operate on the lake strictly at a no wake speed. If you have comments or concerns on these issues attend the next meeting for the action.
A property owner offered the use of his land in Savannah Oaks for a sand volleyball court for association use if the association would mow his lot there and another he owns in the same area. Seems like a fair trade and a generous offer. Liability and insurance issues are being explored.
We will be entering into an agreement with Comcast to provide seven times faster internet service as well as phone service. The faster service will make our accounting software be much more efficient as well as help with general use. As a kicker we will be saving around $100.00 per month compared to our prior service. Nice job, Tracy!
Remember these comments are from personal notes and are to be considered such, not official minutes. Every effort is made for accuracy but read the board's finalized minutes for confirmation.
Ken Dillenburg