Annual meeting of the Homeowners - Wonderland Lake Point HOA

April 26, 2023

The meeting was held at the house of Roy and Laura McCutchen, 905 Rainlilly Ln. Boulder, CO 80304

The Meeting was called to order by acting President Jerry Gordon at 6:35 PM

In attendance were Roy & Laura McCutchen, Shoni Kahn, Wendy Zerin, Naomi Levy & Ryan Lewis, Susan & John Bachman, Terry Staarmann, Vera Frajzyngier, Sally Yerger & Jerry Gordon, Judith Ansara & Robert Gass, Shana & Doug Parker. There being 10 of 14 houses represented, a quorum was established.

The agenda was approved.

There was a motion to approve the Minutes from last year's Annual Meeting, held on May 25, 2022, and the Minutes from the Special Meeting held on September 8, 2022. The motion was seconded, and the Minutes were approved unanimously.

Sally Yerger presented the Treasurer Report, which is attached to these Minutes. There was a motion to approve, which was seconded, and the motion passed unanimously.

Jerry Gordon brought up that our governing documents indicate that we are supposed to elect a Board of Directors who then select officers (President, V.P., Secretary, and Treasurer), rather than the way we have been doing it for years, which is having the Members elect the officers directly.  Since the governing docs indicate a Board of three to five and we want four officers, we agreed on a Board of four.

Jerry Gordon presented the tax situation. There was a motion to spend up to $950 to hire a tax consultant to try and resolve the issue. The motion was seconded and passed unanimously without further discussion.

There was a lengthy discussion about the street and having funds (Reserves) to repair and replace as it reaches the end of its useful life. There was talk that it could cost anywhere from $120K today to $360K ten years from now and how to best address the situation. The consensus was to have another meeting in October or November and to continue doing research until then.

Jerry presented his research into contractors to remove the junipers from the planters on common land. Of the two contractors he was able to get to meet with us, one seemed better at dealing with us as an HOA. It was agreed previously to spend up to $5,000 from existing Reserves, and we decided to remove the junipers and look at weed barrier and some rock, but probably can't get full coverage of weed barrier and rock for $5,000 so we will do the best we can.

The homeowners moved to elect Roy McCutchen, Jerry Gordon, Sally Yerger, and Naomi Levy to the Board of Directors. The motion was seconded and passed unanimously.

It was decided to keep the annual dues the same as last year, $450.

The next Annual Meeting will be in the spring, exact date to be determined. The membership agreed to have a Special Meeting to discuss the street, Reserve Study, and funding options in October or November.

There being no more business for the HOA, the meeting was called at 7:38 PM.  

After the Homeowners meeting there was a meeting of the Board of Directors where the following officers were appointed for the following year.

Jerry Gordon - President

Naomi Levy - Vice President

Sally Yerger - Treasurer

Roy McCutchen - Secretary

The Board of Directors adjourned.

Respectfully submitted.

Roy McCutchen, Secretary

Wonderland Lake Point HOA

Financial Report

January 1, 2022 - December 31, 2022

Beginning Cash Balance                                   $37,897.61    

Revenues:

Dues - 14 homeowners x $450=$6300 

Total Revenues:                                                            $6300                           

Expenditures:

Insurance                                                        602

Arbor Vital                                              175

Reimbursement for Gardening                  100                             

Total Expenditures                                        877 

Ending Cash Balance                                          $43,320.61