ASHWOOD TOWNHOMES OWNERS ASSOCIATION, INC.
Board of Directors Monthly Meeting
Monday September 12, 2011
Location: Jennifer Inscoe’ Home
Laura Cofer, President, called the meeting to order at 6:45 p.m. The Board Members present were Elizabeth Spurrier, Secretary; Jennifer Edgell, Treasurer; Jennifer Inscoe, Amanda Martin, Members at Large, Tim Penick with Light House property managers.
Treasurer’s Report:
Asset Balances as of 9/13/2011
FNB Operating Account - $14,968.44
FNB Money Market - $34,217.33
CD: $15,621.92
CD: $38,534.07
Total Assets: $ 103,341.76
Jennifer did not have the numbers for us to look at but will email them to us tomorrow.
New/Old business:
Discussed possibility of new people coming onto the board.
Laura shared that Ty, who is on vacation, wanted to know what the board thought about installing a horseshoe pit. Ty will install and owners can play with their own horseshoes. We all agreed that would be great to have for the adults.
Talked about needing more mulch for the playground.
It was brought up that the bagworms are back and the trees need to be sprayed before we lose them. Tim will contact the landscaper.
Have three estimates for fixing the asphalt:
Templeton Paving: $20,450.00
Law Horne Brother’s Paving: $20,000.00 +-
Wells Paving: $ 8,800.00
Tim Penick brought up the fact that the Regulatory Common Interest Board has established some new requirements on Property Managers. Until Tim is able to complete all of this he will be an employee of Ashowood HOA for the same amount that we are already paying his company. This is a temporary situation.
ASHWOOD TOWNHOMES OWNERS ASSOCIATION, INC.
Board of Directors Meeting Minutes
Monday, September 12, 2011
Page 2
Adjournment
They’re being no further business; the meeting was adjourned at 8:00 p.m.
Secretary/ Elizabeth Spurrier
Attest:
President, Laura Cofer
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