TIME & PLACE:  7:00 PM on Thursday, August 7, 2014 at the Moorage Office (C-7) located at 2630 N. Hayden Island Drive, Portland, Oregon, 97217

Board Members Present:

• Ms. Nancy Lindgren, 1^st Vice President
• Ms. Jory Abrams, 2^nd Vice President

• Ms. Ann Jacobsen, Treasurer

• Mr. Walt LeDoux, Secretary

Board Members not Present:

• Mr. Rick Ruffo, President

 Order Of Business

• Call to Order
  • The Chair called the meeting to order at 19:00 and determined there was a quorum with four members present.

• Reading & Approval of the Minutes of Previous Meeting

• The Secretary had e-mailed minutes from the previous meeting.

• Motioned, seconded and passed unanimously to approve the previous Board Meeting minutes.

• Treasurer’s Report
  • Dues: All dues are current through July.

• July. Water: At $5,328.63, MTD 122.5% of budget and YTD 123.6%.
  • Annual rate increases went into effect
  • Water 7% from $3.441 to $3.682 per CCF
  • Sewer 3.28% from $8.685 to $9.057 Per CCF

• June paid July Landscaping Was $1,777.00.  MTD 111% of budget and YTD 113.5%.

• YTD Total Expenses: 111% of budget.
• Cash reserves: $455,918.77 with Schwab.
  • Cash Balance is $155,918.77.
  • Purchased $60,000.00 CD w/Bank of China .4%, Matures 08/06/2015.
  • $1,086.00 Gate painting applied to reserves.
  • $1,200.00 Gutter cleaning applied to reserves.
  • $786.68 Garage repairs applied to reserves.
• Jory stated Catch Basin expense likely will not happen this year.
• Full Financial report is filed with Minutes.
• Motioned, seconded and passed unanimously to accept this Treasurer’s Report.

• Old Business:  Standing Committee Reports

• Facilities & Grounds – Jory Abrams

§  Garage A rotting “Belly Band” board on So. Side replacement needed.  Jory will seek repair bids.

§  Tree removal - Walt was reminded that he would try removing dead trees.

§  Office Door Light needs power – Jory will ask CW for help.

§  Gerry's garage work...inspected, pounded in nails on the gutters, fixed a leak midspan, caulked/painted garage siding that had separated.

§  Power Transformer boxes – we can’t paint as they are PGE ownership.

§  Dock Carts - HD carts aren’t ours – There are some wheel barrow type carts in the Maintenance garage.

• Fire, Security And Safety – Nancy Lindgren

§  Fire Ext Boxes replaced all next to garages.

§  Will need more funds for walkway units next year.

§  Speeding – New people - need to be contacted.

• Architectural Review – Walt LeDoux

§  No Report

o   By-Laws, CC&Rs And Rules – Ann Jacobsen

§  No Report.

o   Violation & Adjudication – Rick Ruffo

§  No Report

• New Business
  • Need a checklist for passing info to various members on new residents/owners.  Walt will compile a list.  Jimme’ volunteered to help/edit.

• Adjourn:  Motioned, seconded and passed unanimously to adjourn meeting at 19:40.

• Next Planned BOD meeting scheduled for Thursday, September 4, 2014.