COACHMAN OAKS CONDO ASSOCIATION
BOARD MINUTES
May 9, 2007
7:00 PM

PRESENT:
Larry Gleason, President; Anna Vanderpool, Vice President; Mary Miller, Director; Jim Weems, Director; Jodi Johnsen, Treasurer/Secretary; Ben Groff, Omega; Dave Stendal, Omega

Absent:  Iola Alexander

1.	Larry Gleason called the meeting to order at 7:00.
2.	Anna made a motion to approve the minutes, Jim 2nd and it passed. 
3.	Jodi Johnsen read the Treasurer’s report

For the month ending March 31, 2007
	
	Income			$44,939.84
	Expense		$42,550.89
	Net Income   		$2388.95
	Operating Cash	$76,026.10
	Capital Cash		$135,541.47

For the month ending April 30, 2007
	
	Income			$45,082.62
	Expense		$43,546.94
	Net Income   		$1535.68
	Operating Cash	$70,271.07
Capital Cash		$157,256.16

4.	The Hospitality Committee spent $36.26 for the annual meeting.  
5.	Management Report
a.	We have $42,831 in Accounts Receivables as of April30th.  Sixteen owners account for $38,822.
b.	Jim made a motion to accept Rose Companies quote of $875 to install 2 yards of clay fill and 3 yards of top soil and grass to fix some of the leaks running into the garage.
c.	Jim made a motion to accept Rhino Bobcat & Landscape Services bid of $5750 to fix the washout on the Coachman Road side.
d.	A new maintenance employee, Tim Cline, will be starting on May 21st.  
e.	Jim made a motion to accept the renewal bid of $59,259 from American Family, Anna 2nd it and it passed.
6.	Unfinished Business
a.	Larry Gleason was elected President, Anna Vanderpool Vice President and Jodi Johnsen will continue as Secretary/Treasurer for the next year.
7.	New Business
a.	Anna made a motion to authorize Jodi Johnsen to set-up CD’s in the amount of $25,000 maturing each quarter, Jim 2nd and it passed.
b.	The board will meet with Omega Management on June 6th at 5PM to do a walk-thru of the property to start the reserve study.  The last reserve study was done in 1996.
c.	Anna was going to write up a committee charter and get volunteers for some new committees being started.  
d.	Jodi Johnsen was requested to buy an HTML software for the office computer to aid in administering the website (www.coca.mn.us) and submit a receipt to Omega for reimbursement.
8.	The next board meeting will be June 13th.
9.	The meeting was adjourned at 8:30

Respectfully submitted,
	
Jodi Johnsen
Secretary/Treasurer