Kidd Island Bay Home Owners Association
Board Meeting
Date: 11-03-2007
Place: Fred Millers cabin
Time: 0900
Memebers Present
Bill Putren
Tim Ball
Don Sharp
Fred Miller
Neal Schaffer
Members not present
Chad Solsvik
John Boisen
Jim Ruyf
Russ Niles
Agenda
1. 2007-2008 Budget
A decrease in road budget of $2000.00, no new expenses or dues changes.
The budget is accepted by all members in attendance. Details of bank balances
and updated figures will be sent to all board members for final approval.
Bank account and P.O. box
Fed Miller proposes moving the p.o. box to a more convienient location; no motion brought to the table.
Panhandle State Bank requests our business in light of recent loan for paving.
A motion made by Don Sharp to move the KIBH account was seconded and all voted in favor. Tim Ball will move the account.
Plowing
Fred confirms that Ben Kircher will continue to perform Boisen loop plowing and the bill will be divided up by those who live here year round and are directly boarding Boisen loop.
Agenda Cont’d
Treasurers report
Tim reports the bank balance and also reports dues for 5 lots remain unpaid,
Allen lot #33–Baechler lot #1—Bennett lot #2—Mcfarland upper lot #14
Nevin lot #29. Time agrees to continue collection efforts; which will include further mailings and application of late fees.
Overpayments
Kedrick, Devin overpaid by an amount of $135.00, efforts to locate have been unsuccessful. Money order will be deposited and noted in ledger.
Road Paving and Policy
Final cost of the road was $19,073.00, paid by check from PSB loan. The loan is a 4 year note. Fred had Andersen CPA review and calculate payments.
Cash payout by 12/31/2007 will be $224.00 per lot.
Annual payments will be $74.00 per lot for 4 years. (proceeding payments to be calculated on balance).
KIBH will contribute $2000.00 per year, first payment will be asap. A notice will be sent out to the 48 lot owners, with payment options, Fred drafted the form and Neal and his family will put the mailing together.
Motion made and passed to make the annual road payments due on 8/05/2008, the same as the dues.
Fred proposes updating the road/beach policy and sending a letter to the owners who rent out their residences. After discussion the board decided to table the manner until a further date.
Dock
Don reports he cut down a seemingly useless piling this past spring. Mr. Walker complained and the board agrees to have the piling replaced. Bill and Tim will contact Mr. Walker and arrange details of replacement, and update permits.
Tim Moss requests board to apply for a permit for his dock, which is proposed to be a T-shape, 50 feet long and with a 50 foot “T” at the end. Don will work on the application and aquire exact measurements.
Motion to adjourn made at 1055 by Tim and seconded, next meeting to be scheduled next year.