Thursday, October 16, 2008

Absent:  David Oswald, Treasurer

I.  Call To Order

Phil Spiller called the meeting to order at approximately 7:00 PM.

The September 18, 2008 Board Meeting was held at the Perry Family YMCA, located at 1700 League City Parkway West, League City, Texas.

II.  Review/Adopt Agenda

The agenda was adopted as amended.

III.  Homeowner Forum: 

There were no homeowners present.

IV.  Approval of Minutes:

A motion was made to approve the September18, 2008 minutes, as presented.  Motion passed.

V.  Management Report:

         a.   Action Items: The Action Items were reviewed and discussed. 

         b.   Financial Statements: A motion was made to approve the Financials as presented.  Motion passed.  A motion was made to deposit $10,000 into checking and reinvest $10,000 from the current cd coming to term.  Motion passed.

         c.   Correspondence Log: The Correspondence Log was reviewed and discussed. 

         d.   Inspection Report: The Inspection Report was reviewed and discussed.   

VI.  Committee Reports:

          a.  Architectural Control: There were no applications for review.

 b.  Crime-watch:  No one was in attendance to give report. 

          c.  Recreation: There was no one present to discuss. 

          d.  Playground:  There was no one in attendance to give a report. 

          e.  Newsletter/Website:  No one was present to discuss.

          f.  Landscape:  No one was in attendance to give report.

          g.  Welcome: There was one new owner this period.

VII.  Old Business:

There was no old business to discuss.

VIII.  New Business: 

a.  2009 Draft Budget: A motion was made to approve the budget as presented.  Motion passed.

b.  2009 Assessment Collection Schedule:  A motion was made to accept the collection schedule with no increase in assessments for 2009.  Motion passed.

c.  Hurricane Damage Repairs: A motion was made to accept the proposal from CL Sports to repair the tennis court fencing.  Motion passed.  A motion was made to approve the proposal from M&M Construction for the wood fence repairs.  Motion passed.

d.  Holiday Decorating:  A motion was made to hold a Halloween and Christmas decorating contest with $200, $100, and $50 as the winning prizes.  Motion passed.

IX.  Adjournment:

There being no further business to discuss, a motion was made to adjourn to Executive Session at approximately 7:25 PM.  Motion passes unanimously.