|
CTC OWNERS ASSOCIATION, INC MINUTES OF ANNUAL
MEETING
Meeting Date: December 9, 2004 10:00 a.m.
The annual meeting of the Members and Executive Board of this Association
was held at the office of Inovonics Corporation, 315 CTC Blvd, Louisville,
Colorado.
Executive Board Members Present:
Chris Boston, Gebhard Buggel, Dan Stiehr
Executive Board Members Absent: Steve Meyers, Chris
Wecker
Members or Representative Present:
B & S Investments, LLC; CTC Commons I, LLC; CTC Commons
II, LLC; D4J Enterprises; Elevenfour, LLC; Fourstar Investments; Inovonics
Enterprises, LLC; SKH Investments; Turbo-K, LLC; SPF Lease, LLC; Simon
Christensen / Sounds True; Tech Commons, LLC; The Boston Family Trust;
The Park at CTC, LLC; The Park at CTC II, LLC; The Park at CTC III,
LLC
Represented by Proxy:
Arizona Golf, LLC; Bellebrand, LLC; Buckley Theissen, LLC; Etkin Johnson
Group; CTC Industrial, LLC; CTLC; CTL Investors; David & Wendy Nielsen;
Ernest & Joan Soper; Herman & Jane Mitchell; Joel Montbriand;
Ed & Joan Ladley; Larry Henderson; Lee & Judith Weldon; Mark
& Diane Williams; McBride Brothers Investments, LLC; Midwest Property
Management, LLC; Musel, LLC; Nautilus Group, Inc.; P & C Development;
PF Investments, LLC; Package Depot; Thompson Family Trust
Others Present: Carla Wilson. Property Manager
The requirement of a two-thirds majority of voting interest was met
with 75.72% of the membership either in person or by proxy.
Business Conducted:
The meeting was called to order and introductions made by Chris Boston,
President.
Election of New Board Members:
2 positions available (Gebhard Buggel's term expired; Chris Wecker resigned)
Nominee: Andrew Freeman
Gary Bir
Richard Kauflin (not present at meeting)
A vote was taken and passed unanimously electing Andrews Freeman and
Gary Bir to the Board for the term of 3 years.
Update on landscape project by Jim Burton:
Jim displayed the original plan showing what has been previously completed
and the area proposed to be done in 2005, which is the area along Dillon
Road on the east side of the sign. $20,000 has been included in the
2005 proposed budget. Next year the west side along Dillon will be done,
which will complete the project
Dan Stiehr asked about removing the grass along Dillon and replacing
it with rock-he mentioned that if this was done that it may cut down
on the water bills. Discussion was held regarding this issue. The Board
will discuss this issue further at the first board meeting to be held
in January to determine what kind of an impact this will make on the
water bills and how it would impact the aesthetic appeal of the overall
landscaping of this area.
Update on website project by Chris Boston:
Chris Boston presented the newly redesigned web site and the new site
address (www.coloradotechcenter.com). He discussed the main page of
the site and then described each sub page within the site. Members were
asked to visit the site at www.coloradotechcenter.com
and provide feedback by sending there comments and/or suggestions to
the Webmaster or a CTC Owners Association Board member. Chris mentioned
that we will be updating the site quarterly.
Review of 2004 Financials
Distributed and reviewed year-to-date financials for 2004. After all
bills are paid there will be a surplus of funds. Carla Wilson explained
a credit will be issued to each owner based on ownership. This will
eliminate any tax liability for 2004.
Review of 2005 Proposed Budget
The proposed budget of$55,730.00 was reviewed in detail. A vote was
taken and passed unanimousIy.
Meeting was adjourned.
Reviewed and Approved by:
Chris Boston, President
CTC OWNERS ASSOCIATION, INC.
2005 OPERATING BUDGET
Accounting $ 450.00
Bookkeeping I Administrative $ 5,380.00
Insurance $ 3,000.00
Landscape Maintenance & Repairs $ 5,000.00
Landscape Project $ 20,000.00
Legal $ 1,000.00
Management $ 3,000.00
Miscellaneous, Postage, Bank Fees $ 400.00
Utilities $ 10,000.00
Website $ 2,500.00
Contingency $ 5,000.00
TOTAL EXPENDITURES $ 55,730.00
|
