TIME & PLACE:  Thursday, January 2, 2007, 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

• Mr. C.W. Taylor, Vice President

• Ms. Pat Buescher, Treasurer

• Mr. Walt LeDoux, Secretary

Board Members Not Present:

• Mr. Steve Weisensee, Vice President

Order Of Business

• Call to Order; Determination Of Quorum.

o        The President called the meeting to order and announced that with 4 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 December 7, 2006.
    • Moved and seconded to accept Minutes.
    • Vote on motion passed unanimously.
• Treasurer’s Report
  • P&L. ~$4659 under budget for year
  • Balance Sheet. $164,544.30
  • Aging. – 1 slip behind because of an NSF check (#30)
  • Schwab Account.  ~$138,486 of which ~$38,500 in cash.  Will move 30K into Schwab Value Advantage Fund.
  • Moved & seconded to accept Treasurer's Report.
  • Vote on motion passed unanimously.
• Old Business
  • Standing Committee Reports
    • Facilities & Grounds

o        Weather Stripping Garage Door B-13 - Done – moorage has been billed.

o        West ramp transition plate repair. Not done yet.

o        Distribute De-icing materials. Need to set it out – John has more in his garage.

o        Electrical conduits under East ramp hanging down.  - CW wants to borrow Chuck’s party barge and determine materials needed.

o        Office HVAC & Close In.  John will order heat pump unit.  Unit is ~$800 and we have budgeted $2500 for unit and close in.

• Fire, Security And Safety.

o        New Entry System.  Tabled until Steve can be talked to.

• Architectural Review

o        Received Gary Long’s plans.

o        Home Survey will be done this week.

• By-Laws, CC&Rs And Rules

o        Rules & Fines – Distributed with voter package.

o        Last of voter packets will be mailed.

• Violation & Adjudication

o        No new complaints.

• Reserves
  • Moorage Valuation Appraisal – too costly
  • Walt stated that we need to get some sort of idea of the replacement costs for insurance purposes.
  • May want to contact Walt Valenta & Rick Christiansen
  • Dredging costs -  John will work on dredging.

• 2007 Budget
  • Expenses Estimated at 143k
  • Down from 153k
  • Instead of reducing assessments, adjusted for roofing replacement
  • Should be able to keep Monthly assessment at $285.00
  • $285.00 Multiplies out to $191,520 of which ~$143,000 goes to Expenses, $33,600 goes to Reserves and $14,920 toward a new roof.
  • For 3^rd year in a row we are keeping our assessments at $285.
  • For 2^nd year in a row we are contributing more ($50 vice $35) to reserves.

• GM meeting plans & agenda.
  • Coffee & Refreshments (Entertainment Committee??).
    • Coffee and Water?
    • Other snacks?
    • Will leave to Entertainment Committee
  • Secretary will have Sign In Sheets & Requests to speak/subject.
  • Handouts - Pat will supply 2007 Budget.

• HINOON
  • No report this month
  • John will have a report for GM meeting
  • Will have open forum meetings in January or February

• Roofing
  • Bill for roofing repair - $750
  • Bid for replacement - $34,200 for all.
  • To do South ½  is $16,100.
  • Can get 4 or 5 more years on North sides.
  • Will wait until late spring to start project – best time to get it done.
  • Walt will get a metal estimate for comparison.

• Reminder Date, Time, & Place for Next Board Meeting.
  • Day – First Thursday in February (Feb 1, 2007).
  • Time – 1900 (7:00pm).
  • Place – Moorage Office.
• Reminder Date and Time for next Annual Membership Meeting.
  • Day - 4^th Sunday in January (January 27^th, 2008).  (The next 3 Superbowls are on the 1^st Sunday in Feb.)
  • Time – Tentatively 1600 (4:00 PM).
  • Place – HIYC Building.

• Moved, seconded and passed unanimously.