MINUTES OF THE BOARD OF TRUSTEES SPECIAL MEETING held March 17, 2011, at 1621 E Treasure Island Drive, Allyn, WA.  The teleconference meeting was opened at 9:30 AM by President Mike Croke and attended by Linda Pryor, Roger Hansen, Gary Longmire and Rick Harder; Larry Grumme was absent; and guest member Dan Doyle.

MEETING NOTICE PACKAGE

The Trustees reviewed and discussed the Notice and enclosures for the April 2, 2011 Special Member Meeting.

MOTION to approve the Notice Package for the April 2^nd Special Member Meeting, consisting of the Notice, Proxy Form and instructions, the Agenda, and informational document titled ‘Brief Overview of Special Assessment’ was made by Gary Longmire, seconded by Rick Harder and carried.

BALLOT

MOTION to approve the following special assessment proposal and to submit it for approval by the Associations members at the April 2, 2011 Special Member Meeting was made by Roger Hansen, seconded by Gary Longmire and carried.

PROPOSED SPECIAL ASSESSMENT AND BOARD AUTHORITY TO ADMINISTER BRIDGE REPLACEMENT PROJECT: 

 

Approve a Special Assessment in the maximum principal amount of $5,596,660.00 ( $22,297.45 per Lot), and approve the Board of Trustee’s authority and authorization to act on behalf of the Association to administer and facilitate all aspects of the bridge replacement project including but not limited to securing financing, entering contracts and purchasing supplies, expending regular and special assessment funds and borrowed amounts to pay project expenses, and ensuring assessments are collected and available to support the project and the Association’s loan financing obligations.

ADJOURNMENT

President Croke adjourned the teleconference meeting at 10:04 AM.

Linda Pryor, Secretary

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