1982, May 15

Red Bank Oaks

Meeting Minutes

15 May 1982

RED BANK OAKS PROPERTY OWNER’S ASSOCIATION

Special Meeting – May 15, 1982

The meeting of the Red Bank Oaks Property Owner’s Association was called to order by President Haskel H. Young at 11:00am, Saturday, May 15, 1982 at 1465 Robinson Drive.

The following owners were present:

	No. of votes
Haskel Young	16
Pat Young	14
Landowner	1
Landowner	1
Landowner	1
Landowner	1
Landowner	1
Landowner	1
Landowner	1
Landowner	1

The minutes to the previous meetings since Haskel Young was elected President were read and approved.

The following financial reports were read. The first was a report of all income and expenses for the year of 1981.

BALANCE IN BANK AS OF DECEMBER 31, 1980		7,796.02
INCOME
Cattle Grazing Rental	14,000
Interest Received	248.30
Federal Income Tax Refund	556.82
State Income Tax Refund	110.06
TOTAL INCOME FOR 1981		14,915.20
		22,711.22
EXPENSES
Business Expenses & Supplies	124.42
Well exploration	9,876.59
Insurance	279.00
Fish & Mosquito control	1,325.09
Accounting	235.73
Clean out & repair spring	197.50
Ranch work	675.00
Road work & culverts	2,175.00
Signs	183.75
Locks & keys	156.44
Engineering	960.00
LESS TOTAL EXPENSES		16,188.52
BALANCE IN BANK AS OF DECEMBER 31, 1981		6,522.70

The following is a report of all income and expenses from 1/1/82 thru 6/15/82.

BALANCE IN BANK AS OF DECEMBER 31, 1980		6,522.70
INCOME
Cattle Grazing rental	5,000.00
Interest received	152.06
TOTAL INCOME RECEIVED		5,152.06

EXPENSES
Accounting	150.00
Insurance	187.00
State Income Tax	362.18
State Income Tax estimate for 1982	200.00
Signs with road names	427.00
Printing & recording fee	14.85
Grading roads	2,000.00
LESS TOTAL EXPENSES		3,341.03
BALANCE IN BANK AS OF MAY 15, 1982		8,333.73

Discussion of electrical extensions to the subdivision showed the majority in favor of getting power. It was mentioned that there is a definite need of having telephone wires strung as soon as possible. It is the desire of all owners for the poles to be put in so the phone wires may be installed. The recorded document pertaining to electrical extensions and changing the name to Red Bank Oaks Property Owner’s Association had copies to be given out. This copy is to be added to the amendments to the “Covenants, Conditions and Restrictions”.

Conditions of the roads were discussed. The roads have been graded and several culverts installed and additional repairs and swales across creeks will be installed as money permits.

A motion was made, seconded and carried by a majority vote to:

1. Change the annual meeting from the 3^rd Tuesday in October to the 3^rd Saturday in October with election of officers at that time followed by a Barbeque for all property owners and families.

2. Have a special informative meeting followed by a Bar-B-Que for all property owners and families six to eight months later when weather permits.

3. A financial report be sent to all owners with the announcement of each meeting.

The group approved the board to look into purchasing a CB base unit and find a place to monitor it.

Being no further business, meeting was adjourned.

Respectfully submitted,

Patricia A. Young

Secretary-Treasurer

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Copyright © 2008 Red Bank Oaks Property Owners' Association Last modified: 02/21/09

Copyright © 2008 Red Bank Oaks Property Owners' Association
Last modified: 02/21/09