I. Call to order
The President called to order the quarterly meeting of the Board of Directors of Stonebridge Homeowners Association at 6:35 pm on August 17, 2004.
II. Attendance
The following directors were present: Shane, Lee, Kevin, and Theresa. A quorum of directors was present.
III. Approval of minutes from last meeting
a)The minutes from the meeting of the Board on May 19, 2004, were included in the Reporting Package
distributed to all Directors. These minutes were unanimously approved.
b)On August 4, 2004, the President called to order a special meeting of the Board of Directors of
Stonebridge Homeowners Association at 8:15 pm at Cibola High School, Albuquerque, NM. The
purpose of the Special Meeting of Directors was to elect officers to serve until the next annual
meeting of members pursuant to the provisions of the bylaws. After nomination and election by
majority vote of directors, the following individuals were elected to hold the following officer
positions until the next annual meeting of members or until duly replaced by the board of
directors:
These minutes were unanimously approved.
IV. Monthly Business
a)The board conducted a financial review, discussing the financial statements included in the Reporting Package.
b)A review of the delinquent homeowners accounts as reflected in the Reporting Package was conducted.
V. Unfinished business
a) Lee presented three Reserve Study bids for review by the board of directors.
VI. New business
a) Lee reviewed the 2005 proposed budget review. Lee will contact Lee W. of HOAMCO
for questions on specific line items. Lee will follow up and finalize 2005 budget.
b) [Motion] A request was made that Lee W. of HOAMCO will follow up on the city tax on
land. This was unanimously passed.
c) [Motion] To replace dead plants identified on Bandelier, Quarry, Corundum Ct. and lower
Stonebridge. A bill for lower Stonebridge plant replacement will be sent to Centex for payment.
The board unanimously passed this motion. [Action Item] Lee W. of HOAMCO will contact
landscape company to complete the plant replacement project to include purchase and labor of
planting.
d) [Action Item] The board nominated Steve to draft a letter to the City regarding a turn
lane off Unser at Black Arroyo.
e) [Motion] We do not enact a lifeguard that we retain a security guard at the pool. The
board unanimously passed this motion.
f) [Action Item] The board nominated Steve to research the feasibility of opening the common
wall by the park to allow access from Rose Quartz to the park area.
VII. Open Discussion
a) No homeowners were present for open discussion.
VIII. Adjournment
The President adjourned the meeting at approximately 9:00 PM.
Minutes submitted by: Theresa, Secretary