RIDGEMARK UNIT XI HOMEOWNERS ASSOCIATION BOARD MEETING
MINUTES FOR APRIL 19, 2023
Ridgemark Club House – Fremont Room
The meeting was called to order at 6:00 pm by board President Parris Giunta.
Board Members Present: Bill Baker, Harry Hill, Lena Blackburn, Paul Namkoong, Bartolo Racca, Parris Giunta, Grant Kane
Visitors Present: There were three residents present from our HOA.
A motion was made to accept the minutes of the board meeting of January 25th, 2023. Motion to approve minutes was made, seconded and approved by unanimous voice vote of the board.
Committee Reports
Financial:
Paul Namkoong, treasurer, provided the board copies of the Income Statement as of March 2023:
Ordinary Income/Expense
Income December 2022
Dues 20,600.00
Document fee income 20.00
Transfer Fee 50.00
Late Fees 180.00
Total Income 20,850.00
Gross Profit 20,850.00
Expense
Landscaping 2,550.00
Accounting 825.00
Postage and Delivery 7.85
Liability Insurance 00
Maintenance 79.24
Meeting Room Fee 300.00
Office Supplies 00
Taxes (Federal) 21.00
Rent 74.00
Security 16,170.00
Total Expense 20,027.09
Net Ordinary Income 822.91
Other Income/Expense
Other Income
Interest Income-Bank 1.45
Federal Tax Refund 00
Total Other Income 36.45
Net Other Income 36.45
Net Income 859.36____
Balance Sheet as of December 31, 2022
ASSETS
Checking/Savings
Chase – Checking 80112 46,028.59
Chase – Savings 11338 10,011.08
Morgan Stanley – CD 75,000.00
Total Checking/Savings 131,039.67
Accounts Receivable -10,244.52
Total Accounts Receivable __-10,244.52
Other Current Assets
Undeposited Funds 0
Total Other Current Assets 0
Total Current Assets 120,795.15
TOTAL ASSETS 120,795.15
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable 16,170.00
Total Current Liabilities 16,170.00
Equity
Reserved Funds 103,765.79
Net Income 859.36___
Total Equity 104,625.15
TOTAL LIABILITIES & EQUITY 120,795.15
Architectural Review Committee:
Noted: RMXI Homeowner members who are planning landscaping upgrade, are required to submit plans for Architectural Review. Prior to initiating landscape upgrades homeowners should contact adjoining neighbors to avoid potential conflict.
Landscaping Committee:
Sierra Golf Management (SGM) has contacted the RMXI Board regarding dead tree complaints on Hole #6 and the former Hole #7 along Paullus. Lee at the pro shop will take pictures of the trees needing removal and send them to SGM Management. Removal was most likely be outsourced to a tree removal contractor.
SGM was contacted regarding the removal of tree stump remnants recently downed by the weather. HOA Board members will continue contacting SGM regarding the dead tree and stump removal progress.
Old Business
Roads and Guards Report
Security Service: Upgrades are planned for the Guard Shack on Ridgemark Drive. An issue regarding the unsecured entrance for the Promotory Development was discussed. Board Members of the Ridgemark Homes Association have indicated they will secure the entrance with a lock
Non-Compliant parking of Vehicles on Roads: Long term parking on the street was brought to the attention of the Board. A recommendation was made to send letters to the residence with CCR section as an initial warning to comply with the CCR rules.
Vehicle Restrictions and Parking on Streets
Sections 7.27 & 7.29: RMXI Conditions, Covenants and Restrictions prescribe that our personal vehicles can be parked in the street for no more than 48 hours. Streets are to be utilized only for our means of leaving and returning to our homes. Our vehicles should either be garaged or placed in our driveway.
Any residence determined to be in violation of the prohibition will first be warned and ultimately fined if the warning is ignored at the discretion of the HOA Board of Directors.
Currently two residences are exhibiting long term parking in the street at their respective residences. The Board will provide notice of the identified violation.
Speed Humps:
Location: The final Map (Below) displays the location of speed humps.
Schedule: May 15, 2023 has been provided by the contractor and is expected to last 3 to 4 days.
New Business:
Quick Pass: Residents are responsible for updating Quick Pass information at the Front Gate Guard Shack.
Adjournment
There being no other new business the President Giunta adjourned the meeting at 8:00 P.M.
Note(s):
(1) All Ridgemark XI homeowners are requested to keep their contact information current with the board of directors. Please email to Bart Racca, at bartalomejoe1@gmail.com.
(2) Ridgemark XI HOA website is www.ridgemarkhoaxi.com
(3) Architectural Review Guides; CC&R’s; Bylaws; Board Minutes, Board Members Contact information are all available on the website
Prepared and submitted by:
Bartolo Racca Secretary, RM XI HOA
Next scheduled Board of Directors Meeting: Thursday July 20, 2023 beginning at 6:00 PM
RIGHT CLICK ON MAP AND SELECT “OPEN IMAGE IN NEW TAB” TO VIEW FULL IMAGE.
Ridgemark XI :: Home Owners Association 
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