MEETING CALLED TO ORDER: We did not have a quorum for our meeting.
PRESENT: Board Members: Jim Loftis, Lori Loftis, and Ray Allen.
TREASURER REPORT: Lori submitted the treasurer report for June.
1) Horizon Bank's current balance is $4,670.86.
2) AEP:An electronic debit in the amount of $30.19 was made by AEP on 7/5/11 for the month of June and for $30.82 on 8/1/11 for the month of July.
3) Bills to be paid: Keen's Lawn-mowing Service for the month of June ($500) and Down to Earth (sprinkler system, $74).
4) To date 11 of the homeowners have not paid their 2011-2012 dues (Beam, Carter, Evans, N.Hodum, Kendrick, McSurley, S.Roberts, Sass, Sill and Spencer). These delinquent homeowners are now over 90 days past due and late fees in the amount of $30.00 will be assessed. For dues paid in the month of August the total amount due is $105.00. If anyone is experiencing financial hardship, please make arrangements with Lori Loftis.
OLD BUSINESS: The Board has unanimously decided to proceed with the proposed plan to improve the lighting at the Hwy 20 entrance for the quoted price of $450. Jim will contact the electrician to get this process started as soon as possible. He is also pursuing additional bids for having the signs repainted (initial bid was $775 for both signs).
BOARD: This is pending approval of minutes.
