Annual Meeting September 2004

BALLENA BAY TOWNHOUSE ASSOCIATION
ANNUAL HOMEOWNER’S MEETING
September 16, 2004
MINUTES

CALL TO ORDER – The meeting was called to order at 7:47 p.m.

QUORUM – President Elise Hall announced that a quorum of the members was present at this meeting with 42 members represented either in person or by proxy.

PURPOSE OF MEETING

To consider reports of the affairs of the corporation.

To elect Directors of the Association.

To transact any other business to come before the meeting that is within the powers of the shareholders.

At this time President Elise Hall thanked Directors Jim Nations, Dick Bacigalupi, Julie Wiard, and Shelly Bliss for their exceptional efforts over the past year.

Member Jeff Frankel expressed his thanks and that of the members for Elise Hall’s efforts as President of the Board of Directors.

REVIEW AND APPROVAL OF MINUTES

MOTION: It was moved, seconded and passed to accept the minutes of the September 18, 2003 Annual Membership Meeting as presented.

NOMINATIONS – At this time the following candidates were nominated for the Board of Directors election: Jim Nations, Julie Wiard, Jeff Frankel, Audrey Kramer, Beverly Partridge and Robert Larsen. At this time Beverly Partridge withdrew her name as a candidate for the election.

It was moved, seconded and passed to close the nominations.

At this time each candidate was asked to introduced themselves to the members and give a short speech about their background and interest in serving on the Board.

ELECTION

MOTION: It was moved, seconded and passed to elect the slate of nominees by acclamation, as follows

Jim Nations

Julie Wiard

Jeff Frankel

Audrey Kramer

Robert Larsen

REPORTS

President Elise Hall recommended that the new Board of Directors review parking restrictions and rules.

Treasurer Dick Bacigulupi reviewed the association finances, including the budget process and the loan to help fund the major renovations of the waterside facilities.

Architectural – Jim Nations report on the activities of the Committee over the past year and thanked the members who worked on this Committee. Investigating the possible use of a composite type siding that could be used in place of the existing T-111 wood siding.

Waterside – Director Shelly Bliss reviewed the progress that has been made on waterside renovation project, and the current status of the project.

Landscape – Director Julie Wiard reported on current projects that the Committee is currently considering, as well as, projects that were completed during the past year.

ADJOURNMENT – The meeting adjourned at 8:20 p.m.