President’s Comments – Dec 2017

Board of Directors Meeting
December 7, 2017
By Tom Sopko

At a Special Meeting of the Board of Directors, the Directors voted on several items:

To have the Interim Treasurer, to be the permanent Treasurer.  Jack McMillin has been voted to be the permanent Treasurer.

Made changes to the Standing Committees.  Shawn Morris will be the Village Liaison.  Pat Swartz and Dave Emick will manage the Amenities Committee, Pat is the Chairperson.  There are other minor changes to the other Standing Committees.

To accept the New Membership rules.  Jen Addair has reviewed and proposed a new set of Membership rules that the Board has accepted.

To accept the use of electronic media, examples: cell phones or tablets, as a back up to the Membership Card system.  Members must take their own pictures.

Note: The new card rules and the use of electronic media are a one year pilot project.  Assuming it works ok, the Association plans to continue.

To put $25,000 against the principal of the Office Loan.  To consider an additional amount to pay down the Office Loan based upon a cash flow study.

Tonight will be the third and final consideration of the Sexual Predator Amendment to the Bylaws.  There is a slight change in the wording to include “weekenders” who may be tier 3 sex offenders.  Before the Board votes on this again tonight, the minor wording change will be reviewed. 

Reminder:  Your Association is financially solvent.

$50,000 has been put into a Reserve Fund.  What are Reserves?  Reserves: “an amount adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments.”  In addition, $10,000 from the 2018 budget is targeted to the Reserve Fund. 

Despite the constant Social Media pokes about the insolvency and supposed constant dues increases by the Association, due/assessments have not increased since 2011 and the Association is solvent. 

The Office was built with no increase in dues/assessment to the members.

Dredging has been done at no additional cost to the Members.

Interest payments have decreased about $4000 per month despite adding a new loan for the Office. 

The valve on the dam has failed in the open position.  The Association is aware of the situation and is working with the Village to remedy the problem.  (Note: The valve has been repaired.)

The Association and the Board have been criticized for not responding to Social Media comments.  Please remember that some of the social media commenters may not be Members, or may not be Active Members meaning that they are not paying dues/assessments.  Some of the names and accounts could be fake.  One of the problems of social media is that anyone can write anything without providing any documentation.  You should make yourself aware of who is a Member, if they are a Member are they a paying Member, who is not a Member, and is it a real name, a real person?  And then be asking for documentation before accepting what is written on social media as true. 

The Association (the Operations Manager-Dan Mullins, Pat Sowery, Jen Addair, and the maintenance staff); and the Board of Directors wish every Member a Happy Holiday and a Happy New Year.  Here’s looking forward to a happy, healthy and prosperous New Year for all of us.  We will see you in 2018. 

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Roaming Shores, OH
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