Board Meeting June 21, 2012

• June 20, 2012

SAN ANTONIO VILLAGE BOARD MEETING FOR JUNE 21, 2012

The Homeowners Association Meeting held on June 21, 2012 meeting was called to order at 7:30pm by President Dawn Lucian. Present were Board Members Carey Rogers, Bettina Johnson and Jeff Litherland; Manager Karel deVeer, Tim Hodgson, and no homeowners.

1. Minutes of the May 16, 2011 meeting were approved.

2. Treasurer Bettina Johnson gave the financial report. Through May 2012, our income is at 99.8% and total expense is at 87.5%. We have had a good month and good year financially. Credit to Karel, Tim and Staff.

With a long series of such good months our income at the end of eleven months is at 99.8% or $550,919, and with expenses at only 87.5% or $417,736, our income after spending about $20,000 on street slurry project and a high June water bill will be about $30,000 which will go into our reserve fund!

Much thanks and appreciation to our experienced and dedicated Manager Karel de Veer and especially to the multi talented Supervisor Tim Hodgson and his hardworking crew for saving us so much money mostly by doing maintenance and improvement projects in-house.

3. The manager recommended that the Rabobank CDs be rollover into a 5 year CD at 2.23%. Board has approved.

4. Five architectural change requests were received for this meeting.
All where approved.
Pat Pung 53-A North San Marcos: Front Door
Lee Naftali 33-A San Marcos: Skylight
Lee Naftali 33-A San Marcos: Solar Tube
Barbie Deutsch 5106-B Calle Real: Windows
Barbie Deutsch 5106-B Calle Real: Front Door

5. No old business.

6. New business. Elizabeth Blair has resigned from the Board and will be moving to Morocco. Jeff Litherland is approved as temporary secretary. Motion approved to appoint Lynn Nichols as Director of Board.

Meeting adjourned at 8:00 p.m.

Respectfully submitted
Jeff Litherland
Temporary Secretary