June Minutes

Ashwood Town Home Owners’Association

Monthly Board Meeting

June 11, 2012

The President Laura Cofer called the meeting to order at 6:15pm.  We met at

LightHouse Properties Office at 137 Laxton Road, Suite 200, Lynchburg, VA 24502.

Those in attendance were Laura Cofer, President, Elizabeth Spurrier, Secretary, Jennifer Inscoe, Member at large, Helen Ann Spessard, homeowner and Tim Penick, property manager. Those absent were Ty Schmidt, Vice President, and Amanda Martin, member at large.

Minutes from May 22, 2012, Ashwood Townhome Annual Meeting were read and approved.  Laura made a motion and Jennifer seconded it.

Treasurer’s Report: 

            Operating account                      $ 6,609.32

            Money Market                        51,940.04

            FNB CD                                    15,943.07

            FNB CD                                     39,326.26

                                                           ___________

            Total                                            $113,818.69

Management Report:

Tim shared with us about some new software that they will be getting in the near future.

Homeowner, Helen Ann Spessard, ask Tim if he would give an overview of the insurance quotes and reasons behind them.

Old Business:

It was brought to our attention that the railing and brick are falling off at 1049 Blue Ridge View Circle.  Laura asked Tim to send the 30-day letter about getting it fixed.

Laura asked Tim about the status of the liens and judgments that he has been working on.  He has been working with an attorney and may be handling these at no charge.

We discussed the walk through that Laura had with the “CLC” representative and how it went.  Helen Ann Spessard agreed to be the chair of the Landscape Review Committee. This will be good since she knows about what plants will be good in what location.

The walk through will be done the 3rd Wednesday of each month. If homeowners have any concerns please call and report them to Tim Penick and we will address them at the next walk through.

Ashwood Town Home Owners’ Association                                                         

Monthly Board Meeting

June 11, 2012

Page 2

Old Business continued:

We had a discussion about the upcoming Bedford County Board Meeting regarding the request to build 54 units on the adjoining property.  Talked about getting a petition signed by homeowners, Tim is going to draft one and send it out so we can start getting signatures.

New Business:

Tim will get the newsletter ready so that it can be passed out the week of the 4th.

The meeting was adjourned at 8:18p.

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Elizabeth Spurrier/ Secretary

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Laura Cofer/ President