2005, October 22
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2005, October 22
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Red Bank Oaks Agenda
22 October 2005
1) Call to Order
2) Approval of Agenda (Add-Ins or Deletions)
3) Treasurer’s Report: We currently have in our electric fund checking account approximately $45,000 earning nothing. So, I discussed with the bank what our options were. Also, for some reason, our "regular" checking account and accompanying savings account are at a different bank. Items 4, 5, and 6 on this agenda
4) Discuss and Approve Closure of the Electric Fund Checking Account: To accommodate item 5 on this agenda.
5) Discuss and Approve Investment of Electric Funds in a CD with $5,000 Held in Flexible Money Market Account: The interest earned would go to our "general fund" to bolster our funds available for ongoing expenses.
6) Discuss and Approve Relocation of “Regular” Checking Account to Premier West Bank
7) Road Maintenance Update
8) Discuss and Approve Funds to Be Expended on Road Maintenance for the 2005-2006 term.
9) Red Bank Oaks Website
Red Bank Oaks has maintained a website [www.RedBankOaks.com] and board member e-mail addresses for the past year. Landowners who attend the meeting will be asked to determine if the website will be maintained for 2005-2006.
10) New Combination for Entry Gates: Gate combinations are changed each year. Ideas for a new combination?
11) Discuss CC&Rs, Article III, Management, as it Relates to Delinquencies on Association Loans
12) Discuss and Approve Amendments to CC&Rs, Enforcement of CC&Rs, and Adoption of Rules: Please see Mr. Strasburg’s letter
13) Nominations for 2005-2006 Board of Directors, Red Bank Oaks
ANY Red Bank Oaks Landowners who wish to offer their services and run for the Board can contact Red Bank Oaks at any time. A listing of the landowners who indicate they wish to offer their services is provided in the meeting notices mailed out just prior to the October meeting. This allows landowners to preview potential nominees prior to the meeting. Landowners are then nominated for the Board at the meeting by their fellow landowners. The slate of nominations may contain as many landowners as are nominated. The slate of nominations is then put forth to the landowners for a vote. Candidates receiving the highest number of votes up to the number of directors to be elected are elected. Any vacancy among the Board of Directors may be filled by appointment by the Board of Directors. Each Director shall be elected for the term of one year but shall continue to serve until his successor is selected. ALL five (5) Board of Director positions are open.
14) Vote for 2005-2006 Board of Directors, Red Bank Oaks
15) [Add-In Items]
16) Good of the Order: Open forum for landowners to present information or discussion to benefit all other landowners. The board of directors will establish a time limit for the open forum. No items will be voted on during the open forum. Any discussion topics which arise and require action of the board will be placed on the agenda for the next regular meeting of the board. All landowners are asked to speak in turn and maintain professional behavior.
17) Adjourn
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Copyright © 2008
Red Bank Oaks Property Owners' Association
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