Board of Director's Meeting Minutes
A special meeting of the WPCA board was called to order at 8:00 p.m. on 27 January 2012 by president Jim Emery. Attendees were Jim Emery, Dan Clark, Jeff Peters, and Steve Beltz.
The minutes of the special board meeting of 17 October 2011 were read by president Jim Emery. The only open item from that meeting was the legal work to update the Articles of Incorporation. We noted that this work has since been completed, and that two bills had been paid to the legal office totaling $178. The minutes were approved as read.
New Business
Since the proposed $25 dues increase measure at the annual meeting had been tabled due to insufficient participation, the Board discussed the other options for meeting the increasing expenses of the Association. Jim Emery noted that Article IV, Section 3.a. of the Declaration of Covenants, Conditions and Restrictions allows the Board to raise the dues up to and including 10% without a vote of the membership. After a short discussion, the Board agreed that this was the best option at this time in light of the current expenditures and the obligation to fund our Reserve Study. We currently have enough funds to cover the most probable maintenance expenses (i.e. path and playground repair, etc.) if we need to. The Board voted unanimously to approve Board Decision No. 2012-001 to increase the annual dues by 10% to $55.
No additional business was proposed. The meeting adjourned at 8:50 p.m.
Respectfully submitted,
Dan Clark
Secretary
Note: These minutes were edited in accordance with the WPCA Privacy Policy and were posted 5 February 2012. The full text of the official copy of the minutes may be reviewed or obtained by request by any WPCA member by contacting the WPCA president, president@kpwwpca.org.