President’s Report

• Steve Giacomi called the meeting to order at 4:11 pm

• Approval of minutes of the 2022 Homeowners Meeting. Motion to approve the minutes of the 2022 annual meeting were passed unanimously.

• Approval to move excess funds to reserve at end of budget year. Motion to approve meeting were passed unanimously.

• 2023 Board Election Results

  • Annie Mitchell, President

  • Carl Bertelsen, Vice President

  • Steve Giacomi, Treasurer

  • Cris Wedekind, Secretary

• Committee Chairs

  • ARC, Haley Packard

  • Steve Giacomi, Finance

  • Grounds, Terry Sarvas

  • Buildings, Carl Bertleson

  • Cris Wedekind, Insurance

• Treasurers Report

  • We are in good position. We had zero legal issues this year.

  • As of August 31, we have $352,456 in our operating account and $1,188,622 in our reserve account.

  • We have our reserve funds invested at about a 5% interest

Homeowner Discussion QA and Comments:

• Thanking of the board. Property looks very good.

• Spectrum: Should we appoint a single person to be the contact person for Spectrum?

  • Board will discuss.

• What is the update on insurance?

  • Mitch spoke about the history of insurance. Mitch is speaking at length with our insurance adjustors.  We are looking at all options: lowering the coverage, increasing deductibles, etc.  We will know more middle of November.   We are a Fire Wise committee which hopefully will get us a discount.

• Like the idea of increasing deductible and commends us on looking at all options.

• Encourage us to look at options for insurance and asked us to share with the HOA as soon as we have information.

• Where are we with the grant for the fire removal?

  • We feel very certain that we will get it in 2024. Terry Sarvas shared that we’re spending 160k taking out approximately 20-25 acres from office, up the hill and west side of entry road.   And the section around units 1-20.   We are spending about 50K on removal of dead trees.  This will take place last week of September and will last about 3 weeks.  In addition, Cal Trans is supposed to come and remove the trees near the entry road.

• Can we put the Fire Wise certificate out to the HOA?

  • One homeowner had a discount on their HO6 because we are Fire Wise.

• What area will be addressed by the grant?

  • Hillside between 3 story units up to Dollar Point.

• Do we anticipate any capital expenditures in the coming years?

  • Shared that we are looking at different design of the bathroom/sauna and turning into spa. We will have to replace 2 more lift stations.

• Where are we with the spa?

  • We currently have $140K pledged. Ideally a 300K figure for the spa.

• Where are the financials?

  • We post them on the website and send them out in December.

• Why is the tree in pool area is marked ‘blue’?

  • Infrastructure being ripped up the floor, and it’s a split tree.

• Fire tarps: If you still have wood in your area, you are now required to cover wood.

• Will we be resurfacing the Pickleball courts?

  • There are dips and need to be fixed. We believe it is in next years budget.

• Suggestion for a HOA Listserv for items to get rid/sell/trade things.