May 01, 2007
NORTH CHATEAU HEIGHTS HOMEOWNERS ASSOCIATION, INC.
ANNUAL MEETING
Location: Chateau Heights Pool Area
Date: Tuesday, May 01, 2007
Time: 7:00 PM.
The meeting was called to order at 7:15 P.M.
Roll call indicated that the attorney Gary Henrichson and property manager Ted Miller Jr. were in attendance as well as the following lot owners: # 1, 2, 3, 4, 5, 6, 10, 16,18, 19 and 20. 3 proxies were tendered for lots # 7, 8, and 17 there was a quorum present and the meeting was begun.
Proof of notice of meeting was presented by Ted Miller Jr.
There was a reading of the minutes of the Initial Meeting of May 20, 2006. Upon motion, second and unanimous vote the minutes were approved as read.
Mr. Miller then presented the 2006 Financial Report. Upon motion, second and unanimous vote the 2006 Financial Report was approved.
There was a brief comment from the President Oscar Ballesteros.
Mr. Miller the Property Manager made a brief report on the years activities.
There was no Old Business discussed.
A resolution was presented to amend the By-Laws Article III. Section 1, to change the date of the Annual meeting from May 1st of each year to February 1st of each year. Upon motion, second and unanimous vote the amendment was approved and the President and Secretary signed the amendment.
A resolution was presented to amend the By-Laws Article VIII, Section 8 (d). to change the requirement of the treasurer to have an annual audit of the financial reports performed, to have an audit or review of the financial reports performed at the discretion and request of the Board of Directors. Upon motion, second and unanimous vote the amendment was approved and the President and Secretary signed the amendment.
There was discussion concerning the moving of sprinkler controller to an accessible outside wall of each residence. Upon motion, second and unanimous vote it was decided for each homeowner to have the controller moved at their option and expense.
Mr. Miller then presented the 2007 Annual Budget. After much discussion a motion was made to approve the Budget as presented. After a second and unanimous vote the Budget was adopted.
There was a motion made, second and unanimous vote to maintain the assessment rate at its current level of $420.00.
The was an election for one member to fill a three years position on the Board of Directors. After receiving nominations from the floor there was a unanimous vote taken to elect Juan Rigoberto Garza for the three year director position
There were several general comments and discussions undertaken with no action taken.
Meeting adjourned at 8:35 P.M.