Cochise Terrace LOA
Board Meeting
December 12, 2012
Meeting was called to order by
President Mary Glazman at 7:15 PM.
Present were board members Pete
Wangsness and Art Bale, and Treasurer Anita Gilmore.
Absent were board members Phyllis
Peterson and Dutch Van Wyk, and Secretary Vickie Manning. The
minutes of this meeting could not be recorded since the recording
device was not available.
1. Comments:
There is still a problem with
motorized vehicles such as golf carts and backhoes and other
construction machinery using the
walkway between lots 33 and 34. Several suggestions were
offered which might actually solve
the problem. Art said that the Workkampers have been
informed not to use the walkway
with backhoes and such.
2. Minutes:
There was a correction to
the Nov 2012 minutes. Trash collection is $5.50 per month
per lot, not $6.00 as stated in
the minutes. Motion to accept the minutes as corrected made
by Pete, seconded by Art. Motion
carried.
3. Treasurer's report:
The report was only the account balances report. Questions were
raised because 3 of the CD accounts showed 0.00 balance. One of these CDs was at the Credit
Union in Benson, the other 2 were at the Commerce Bank In Tucson. The CDs are our reserve
for major expenditures such as road repairs. The goal is to have multiple CDs with
maturities evenly spaced through the year so if we need the money
for repairs, it will be available
with a minimum of penalties for early withdrawal. We had 2 CDs
at the Credit Union with the same
maturity date, so one was not rolled over when it matured.
Due to changes in banking
regulations and homeland security procedures, it has become
complicated to add or remove
signatories on an account. As a result, we decided to move all
our money to the Credit Union. As
the CDs at the Commerce Bank matured, we withdrew
the money and deposited it in the
LOA savings account at the Credit Union. At the
appropriate times, new CDs will be
purchased at the Credit Union. Since interest was
generated by those CDs before they
were closed, the accounts still need to be carried on the
LOA books.
The treasurer’s report was
accepted.
4. Old business: None
5. New business:
Many members have expressed
concerns that we are losing our sense of community. Several
ideas for were discussed, including
an ice cream social, a hayride, decorating a float for a local
parade, but more ideas are needed.
For broader input from members this will be an agenda
item at the annual meeting.
The tentative proposed budget for
2013 was presented for review and discussion. A slim
surplus of income over expenses is
projected but no additional money is being allocated to
reserve funds.
Art brought up the problem of
vehicles speeding throughout the gated area. It was discussed
at the HOA meeting. This will be
on the agenda at the LOA annual meeting.
6. Motion to adjourn was made by Pete,
seconded by Art. Motion carried.
Meeting adjourned at 8:00 PM.
Respectfully submitted,
Mary Glazman, for Vickie Manning