TIME & PLACE:  Thursday, February 8, 2007, 7:00 PM at the Moorage Office (C-7) located at 2630 N. Hayden Island Drive, Portland, Oregon, 97217.

Board Members Present:

Mr. Steve Weisensee, Vice President

Mr. C.W. Taylor, Vice President  - Sec. Note:  CW Arrived late.

Ms. Pat Buescher, Treasurer

Mr. Walt LeDoux, Secretary

Board Members Not Present:

• Mr. John LeDoux, President

Order Of Business

• Call to Order; Determination Of Quorum.

o        VP Weisensee called the meeting to order and announced that with 3 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 January 2, 2006.
    • Moved and seconded to accept Minutes.
    • Vote on motion passed unanimously.
  • The Secretary passed out minutes of the Annual General Membership Meeting of January 28, 2007.
    • Moved and seconded to accept Minutes.
    • Vote on motion passed unanimously.
• Election of Officers
  • The Secretary nominated Mr. Steve Weisensee (BP #3) for the office of Vice President.
    • Nomination Seconded.
    • Voted on and passed unanimously
  • The Secretary nominated Mr. CW Taylor (BP #4) for the office of Vice President.
    • Nomination Seconded.
    • Voted on and passed unanimously
• Treasurer’s Report
  • Treasurer asked the Secretary for a copy of Resolution to 70-604
  • P&L. – 2007 budget has not been transferred to Quickbooks yet.  Will have a Budget column next to actual when transferred.
    • Operating Assessments of $12,009.00
    • Expenses of $4,884.96
    • Income over Expenses of $7,124.04
    • Added to Reserves $4,072.49
  • Balance Sheet. $175,740.83
  • Aging. – All current or paid in advance by ~$2,266.85.
  • Schwab Account.
    • $115,405.98 in Reserves
    • ~$40,000 in Set Asides
    • Total $145,032.84 of which $100,000 in CDs and $45,032.84 in Cash 
  • Moved & seconded to accept Treasurer's Report.
  • Vote on motion passed unanimously.
• Old Business
  • Standing Committee Reports

    • Facilities & Grounds

o         Office HVAC & Close In.

§         Chris Lund has offered to buy garage door

• Fire, Security And Safety.

o        New Entry System. 

§         Walt has talked to installer and got website where software is available

§         Should be easy to do data entry

§         We need to coordinate with installer so all names/numbers are already entered.

• Architectural Review

o        No report

• By-Laws, CC&Rs And Rules

o        No Report

• Violation & Adjudication

o        No report

• Moorage Valuation Appraisal

• Dredging costs

• HINOON

• Columbia River Crossings Project

New Business

• Water Bureau and BES refunds – (Sec. Note: CW arrived during this discussion.)  Walt gave a background of all that has transpired:
  • No one ever thought the refund would be so much.  Had we known, it would have been prudent to address it more formally.  IE a board decision to have Dave (or others) pursue it.
  • As it stands now, we can expect be scrutinized for such a decision but after all, Dave IS the only person to dig into it.
  • $10,835. 34 refund for Sewer (BES) alone.
  • Will probably get some back for water for the 1 day leak we had in November 2006 as well but don’t know what that will be at this time.
  • Dave is asking for $3300 for his efforts on the above 2 items.
  • That still leaves us with over $7500 that none of us even thought we’d get.
  • If he recovers any for water leaks from the ‘03/’04 period, he’ll ask for an additional amount based on what he recovers.
  • If we agree to pay Dave, it will be only after we are sure our account has been credited from BES.
  • Dave further agrees to allow us to keep $1700 as prepayment on his dues.
  • The board deliberated the issue and decided on the following:
    • Pay Dave $3250.00 which is 30% of the refund rounded down to the dollar after we receive the credit on our Water Bill.
    • Moved, Seconded and passed unanimously.
    • Pay Dave  the balance of $3250.00 less 6 months dues ($3250-$1710=$1540.00) and apply the withheld amount to 6 months advance dues and he complete a W-9 for tax purposes.
    • Moved, Seconded and passed unanimously.

• Reminder Date, Time, & Place for Next Board Meeting.
  • Day – First Thursday in March (Mar 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 2 Superbowls are on the 1^st Sunday in Feb.)
  • Time – Tentatively 1600 (4:00 PM).
  • Place – HIYC Building.
• Adjourn.
• Moved, seconded and passed unanimously.