BOARD OF DIRECTORS MEETING

WEDNESDAY, MAY 8, 2002

Fairhill Elementary School

FAIRFAX, VIRGINIA

7:30 PM

AGENDA


I.    CALL TO ORDER

II.    APPROVAL OF MINUTES – April 10, 2002 Meeting

III.    COMMITTEE REPORTS

·    ARB
·    Treasurer’s Report

IV.    MANAGEMENT REPORT

        A.    Matters for Board Decision

·    Investment

        B.    Matters for Board Information

·    April 2002 Financial Statement
·    Delinquency Status Report
·    Towing Signs
·    Homeowner Letter
·    ARB –  issues

V.    OLD BUSINESS

VI.    NEW BUSINESS

VII.    OPEN FORUM

VIII.    ADJOURNMENT

Prepared By:
Jan Ward
Community Manager

Distribution:
Gene Chun        Kris Murthy
Larry Joe O’Brien        Bill Perrelli
Sean Timm       

 
CARRIAGE LAWN AT BARKLEY HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
WEDNESDAY, MAY 8, 2002
MANAGEMENT REPORT
 

A.    MATTERS FOR BOARD DECISION

    A1)    Investment

For Board review and decision, the association has a Certificate of Deposit held at ACACIA in the amount of $15,561.46, which is scheduled to mature on May 18, 2002.  CMC is recommending that the funds be rolled over into another Certificate of Deposit.  At this time CMC is also recommending that the Board either take $5,000 from the Operating Account and increase the amount of the investment OR invest the $20,000+ in two separate Certificate’s of Deposit.

Attached is a rate sheet outlining the institutions CMC regularly deals with and the interest rates and terms being offered by those institutions.

                    ATTACHMENTS:    Rate Sheet

B.    MATTERS FOR BOARD INFORMATION

    B1)    April 2002 Financial Report

For Board review and information, attached is the April 2002 Financial Report.  The Association currently has 26,706.91 in its Operating Account and a Certificate of Deposit valued at $15, 464.27 which will mature on May 18, 2002. 

            ATTACHMENTS:    April Financial Report

    B2)    Delinquency Status Report

For Board review and information attached is the Delinquency Status Report.  There is currently one delinquent account. 

            ATTACHMENTS:    Delinquency Status Report

    B3)    Towing Signs

As requested by the Board, Henry’s Towing Service does provide signage and will install the signs throughout the community.  Henry’s Towing has requested that a board member meet with them on-site for placement of the signs.

                ATTACHMENTS:     None

    B4)    Homeowner Concern

For Board review and information, CMC received a letter from a homeowner who would like to address the board concerning the current procedures and meeting structure.  A copy of the letter is attached. 

        ATTACHMENTS:    Letter

   
    B5)    Architectural Review Board

The ARB has requested a meeting with the Board of Directors for the purpose of addressing some issues and concerns that the committee has.  The ARB will be present at the meeting.

        ATTACHMENTS:    email request