RIDGEMARK UNIT XI HOMEOWNERS ASSOCIATION BOARD MEETING
MINUTES FOR MAY 14, 2019
RIDGEMARK CLUBHOUSE
The meeting was called to order at 7:00 pm. by Harry Hill.
Board Members Present: Bill Baker, Harry Hill, Bart Racca, Paul Namkoong,
Visitors: Heidi Lipp, Jim Maxwell
It was determined that a quorum of the board was not present, but we would continue the meeting without taking any votes.
Minutes: The minutes of the Executive Board Meeting of April 24, 2019 were distributed to all attendees.
Committee Reports:
Financial:
Bill Baker presented the following:
Balance Sheet – April 30, 2019
ASSETS
Current Assets
Union Bank – Checking 43,171.43
Union Bank-CD 28,272.12
Total Checking/Savings 71,443.55
Account Receivable
Accounts Receivable -2,854.61
Total Accounts Receivable -2,854.61
Total Current Assets 68,588.94
Other Assets
Restricted Cash-Reserve Account 75,500.00
Total Other Assets 75,500.00
Total Assets 143,588.94
LIABILITIES & EQUITY
Equity
Retained Earnings 124064.02
Net Income 18,624.92
Total Equity 143,588.94
TOTAL LIABILITIES & EQUITY 143,588.94
The following lots are over 120 days past due:
Lot 672 $297.28
Lot 668 358.38
Lot 657 344.00
Lot 692 384.07
The delinquent accounts must be paid within 15 days of written notice of default and demand for payment. If not paid, the Board will revoke their RFID privilege and can place a lien of the property.
Architectural Review Committee: Nothing to report. Visitors asked about the exposed air conditioning unit on Lot 671. Harry Hill reported that he had discussed with the owners. He will follow up again.
Landscaping Committee: It was reported that the Oleanders at the end of Paullus and South Ridgemark have been trimmed.
Old Business:
Roads and Guards Report: Harry Hill attend the Roads and Guards meeting on April 16th and reported that there was concern about some guards just waving visitors through the gate without checking ID. There was discussion on considering other security services by Ridgemark HOA. Harry and Bill plan to attend the next meeting on Tuesday, May 21st at 7 PM.
Resurfacing Roads: Harry Hill confirmed the dates for the resurfacing are June 10 – 11 by Graham Construction. Phase I will be Paullus Dr. and connecting streets and courts. Phase II will be Ridgemark Dr. and Rob Court.
Striping on the roads was discussed. It was agreed to have “Slow” placed on the roads at the top of Paullus, before the intersection of Paullus and Ridgemark, and before the cart paths crossing Paullus. It was also discussed and agreed that stripes be continued on both Paullus and Ridgemark.
Phone Service: The board discussed the previous idea of having a general telephone service for contacting the board. Harry reported the cost would be $30 per month. It was decided not go further with this idea. Bill Baker will change the website email addresses to use “at” in place of “@”.
New Business:
The board discussed the planned development of the Wynn property along Paullus and Ridgemark drives. Bart Racca provided the board with his analysis pointing out that the settlement gives Ridgemark HOA deeds to all roads created by Wynn, as well as new homeowners must be members of Ridgemark HOA. It was decided that the board should get advice of legal counsel on the settlement as it concerns Ridgemark XI HOA. Bill Baker said he knew a law firm in Hollister with land use practice and would setup a meeting with one of the partners to review the settlement. The tentative date of June 4, 2019 was set for an Executive Board meeting.
The meeting adjourned at 8:15 pm.
The next board meeting is scheduled for Tuesday, August 13, 2019.
Prepared and Submitted by:
Bill Baker
RM XI HOA
Secretary
Ridgemark XI :: Home Owners Association 