TIME & PLACE:  Thursday, November 3, 2005, 7:00 PM at the Moorage office (C-7) located at 2630 N. Hayden Island Drive, Portland, Oregon, 97217.

Board Members Present:

• Mr. John LeDoux, President

• Ms Pat Buescher, Treasurer

• Mr. Steve Weisensee, Vice President

• Mr. C.W. Taylor, Vice President

• Mr. Walt LeDoux, Secretary

Order Of Business

• Call to Order; Determination Of Quorum

o        The President called the meeting to order and announced that with all Board Members present, a quorum was established.  

• Reading & Approval Of The Minutes Of Previous Meeting

  • The Secretary passed out minutes of the Board Meeting of October 6, 2005.

    • Moved and seconded to accept Minutes.

    • Vote on motion passed unanimously.

• Treasurer’s Report

  • The Treasurer requested a decision on what level we should insure our garages.  The President volunteered to call the insurance agent to find out how he arrived at the 2 values.

  • The Treasurer passed out copies of the Balance Sheet, P&L (for the month of October, for January through October, and Budget for 2006), A/R Aging, and Reserve Account Statements.

  • The Balance Sheet shows total assets of $135,260.10.

  • The Treasurer pointed out that some expenses were over budget in October because they were paid in full to take advantage of whatever discounts were available.

  • The Treasurer advised that the A/R aging shows only 1 owner in arrears.  She advised that she would remind him to keep up with his promised commitments.

  •  The Treasurer stated that the Budget overview for 2006 was a start and that all figures had not been inserted into the spreadsheet as yet.

  • Moved and seconded to accept the Treasurer’s report, with a unanimous decision to accept.

• Old Business.

  • Committee Reports.

        Facilities & Grounds.

o        Dye Project – will start on 4 houses next to main holding tank on weekend, past that, need to develop a plan.

o        Rain Sensor – on order now.

o        Fresh Water Check Valves test – will get done.

o        Walkway lights – out at 20 – 22 – CW will get repaired 

        Fire, Security And Safety

o        Gate Work/Problems – Contactor was destroyed by ants replaced and placed ant bait in motor housing.

o        Received suggestion to replace gate box with card reader.  Dismissed by board due to complexities involved

        Do we make each owner buy his or her own cards?

        What if an owner refuses?

        What about USPS, FedEx, UPS, Grounds keepers, etc. (all have 1 code right now).

        Better now (with 3 phone #s per slip) than in past.

        Need to figure out what we are going to do to operators 

        Architectural Review

o        Committee will be walking the moorage and inspecting for general appearance and condition of each home then sending letters.  

        By-Laws, CC&Rs And Rules

o        Walt LeDoux stated he was in the process of setting each ballot measure into a 2-column form with the left column showing the proposed text changes and the right column showing the original text.

o        Would be ready by December Board meeting. 

        Violation & Adjudication

o        No business conducted. 

• Owners proof of insurance letter

  • Still having trouble getting owner cooperation to show proof of insurance.

  • Question arouse on what our recourse was if an owner fails to or refuses to produce proof of $1M liability coverage.

  • John will talk to attorney about buying a policy for those who can’t show proof of insurance.

• New Business

  • Need budget items submitted for 2006

    • Landscaping

    • Garbage

    • Walkway Floatation

    • Walkway lighting

    • Other

• Reminder Time and Place for next Board Meeting:

  • Board Meeting: First Thursday in December (Dec 1).

Reminder Date & Time for Annual General Membership meeting: Fourth Sunday in January (January 22^nd, 2006).

Adjourn

• Moved, seconded and passed unanimously.