Directors' Meeting Minutes - September, 2020

DATE: Thursday, September 17, 2020 PLACE: Online via Zoom BOARD MEMBERS: Kathy Anderson, President Marilyn Herst, Vice President Peggy Noethlich, Secretary Norm Culbert, Treasurer MINUTES: Alice Dickey Residents were notified of the Board meeting and invited to join on Zoom. CALL TO ORDER: President Anderson called the meeting to order at 8:35. QUORUM: Alice Dickey confirmed there were 4 Board members present. PRIOR MEETING MINUTES: Norm Culbert made a motion to approve August Minutes, Peggy Noethlich seconded, all in favor, motion passed. TREASURER’S REPORT: Norm Culbert said the Reserve balance now exceeds $700,000, about $100,000 is working capital for the Reserves. Running close to budget. ANNOUNCEMENTS & GENERAL REPORTS: 1. For the record: On September 1 the BOD appointed owner Marilyn Herst to the Board, filling the position vacated by Craig [_]*. Herst will assume [_] duties as Vice President. She will serve until the A