MOODY POINT COMMUNITY ASSOCIATION

BOARD OF DIRECTORS MEETING MINUTES

The Board of Directors of the MPCA met Thursday, August 14, 2003 at Peg and Les Regenbogen’s home. Present were Bill Bunting, Linda Edwards, Gary Marmontello, Adam Moore, Peg Regenbogen and Les Regenbogen, presiding. Chuck Dennehy, chair of the Water Systems Group was the guest.

The meeting was called to order at 7:10 p.m.

The third sentence in the property management paragraph, under the heading "Open Matters", in the minutes of the August 4, 2003 meeting was corrected to read:

"The Condo I {Waterfront) Association will remain under the management of Great North."

The minutes were accepted as corrected.

Committee Reports:

Water Systems Group: Chuck Dennehy reviewed the WSG’s annual report which will be mailed to the membership prior to the annual meeting. It’s content and conclusions will be presented to the membership at that time. Discussion centered around the fact that the prime area of concern at Moody Point, in the maintenance of our investments in property here, is the infrastructure; water in and water out are the two major aspects of it. Adam Moore moved, Gary Marmontello seconded and the board passed that it is the consensus of this board that the WSG, having accumulated considerable accurate usage data, be instructed to research and make recommendations on what is now required to assure Moody Point sufficient potable and irrigation water year round at build-out.

Treasurer’s Report: Linda Edwards reviewed the latest 2003-2004 budget draft. Considerable discussion followed, including deferring the special water assessment until the annual meeting, slightly increasing capital reserve fund established last year and our needs for repairs and maintenance throughout the common area. The board approved the revised budget draft.

Open Matters:

Action Update since last meeting: Les Regenbogen advised the board of the following actions since the August 4, 2003 meeting:

    • The board has received one response to the easements letters sent to the realtors and builders re: The Hill lots that fall within our wells’ Sanitary Protection Zone.
    • The board received a letter from NHDES Wetlands-Coastal Division, with copies to AMB and Walter Cheney, re compliance with the Shoreland Protection Act.

The next meeting will be the MPCA Annual meeting, September 6, 2003 at Newmarket Town Hall.

There being no further business, the meeting was adjourned at 9:45 p.m.

Respectfully submitted,

 

Peg Regenbogen

Secretary