January 28, 2012

Château Heights Council of Co-Owners, Inc.
Annual Meeting
January 28, 2012

Location: McAllen Public Library
Date: January 28, 2012
Time: 10:00 AM

The meeting was called to order by Vice Pres. Lidia Leo at 10:10 AM. There was not a quorum and the meeting was adjourned. The meeting was called again to order at 10:15 AM by Vice Pres. Lidia Leo.
Roll call indicated that property manager Ted Miller Jr. and lawyer Miguel Wise were in attendance as well as the following homeowners: 8, 11, 16, 18, 26, 27, and 29. Proxies were tendered for units 5, 20, 21, 23, 24, and 28 a quorum was present and the meeting was begun.
Proof of notice of meeting was presented by Ted Miller Jr.
The minutes of the annual meeting of January 29, 2011 were read. A motion was made, seconded and the minutes were unanimously accepted.
There was no Presidents report given.
The 2011 financial report was presented. Upon motion, second and unanimous vote the financial report was accepted.
There was no old business to be discussed.
Under new business the agenda item to amend the bylaws was tabled until the next meeting
The 2012 budget was presented. Upon motion, second and unanimous vote the budget was approved.
Upon motion, second and unanimous vote the 2012 assessment rate was set at $525 per quarter.
There was then an election of two members to the board of directors. Upon tabulation of the paper ballots Lidia Leo and Sonia Escobedo were elected for a two-year term.
Upon motion, second and unanimous vote it was agreed to extend the property managers contract for an additional year.
Upon motion second and unanimous vote it was agreed to hold the 2012 annual meeting on January 26, 2013.
There were several discussion items presented by the homeowners concerning general maintenance and other issues with no action taken.
Upon motion, second and unanimous vote the meeting was adjourned at 11:15 AM.