Date: May 19, 1990 (Saturday) Time: 11:00 A.M.

 Location: Youngquist Residence, Lot 8, Lakeshore Woods

 
1. The President, Guy Siebold, formally opened the meeting at approximately 11:20 A.M.; his initial remarks included welcoming the members in attendance, thanking the Youngquists for allowing the use of their home for the meeting, and discussing the Agenda for the meeting.

 2. For a quorum, 10% or more of the lots needed to be represented, i.e., 6 or more lots. Representatives were at the meeting from lots 1, 2, 4, 7, 8, 10, 16, 29, 35, 36, 37, and 53. Therefore, it was determined that a quorum was present.

3. For proof of notice of the meeting, the Secretary-Treasurer, James Youngquist, indicated that he had sent notices in a timely manner to all Association members of record as prescribed in the By-Laws. Neither members in attendance nor members not at the meeting indicated any lack of proper notice. Therefore, it was determined that proper notice was given for the meeting.

 4. The Secretary-Treasurer, James Youngquist, provided an overview of the 1990 budget, especially noting the anticipated major expenditures and the state of the reserves. He indicated that all dues for 1990 were paid prior to the time limit when delinquent accounts would be turned over to our attorneys for collection. He stated that any member who was interested was welcome to review the financial records of the Association.

 5. The President verified that all members present had completed their voting. Joseph Wooldridge and Lucy Somerville volunteered, and were approved by the members present, to be Tellers of the Election and count the votes for the election of Directors, under the supervision of the Secretary-Treasurer.

 6. The Vice President, Michael Hayes, reported on the status of architectural approvals and the development of the common areas. A general discussion ensued about what was meant by the common areas, the state of the docks, obtaining slip assignments, procedures for architectural review, and the paving of Route 685.
Especially useful comments were made by members Edward Standlick and Robert Kahane.

 7. The President reported on the extensive progress the Association has made over the last 18 months in the development of procedures and in operations. He noted that the progress was due in great measure to the contributions of past Directors: John Bakas, Bob Benson, Drew Genova (also the prior Vice President), George Paspalaris, and Peggy Ridley (also the prior Secretary). The President stated that he hoped that these past Directors would be able to participate in the Association again as their situations permitted them. The President further noted that the progress of the Association was due in great measure to the contributions of the continuing Directors: Katherine Clark, Michael Hayes, James Hogan, and James Youngquist. Additionally, special note was made of the initial efforts of Dennis Luke to establish relations with the Louisa Sheriff's Office and the local volunteer fire department. A general round of applause was given by the members in recognition of the service provided by those named above. Finally, the President reiterated those issues, listed in his last letter to the members, with which the Association would have to deal in the near future: roads, TV reception, common area development, security, revision of the By-Laws and Covenants, rentals, budgeting, and the environment.

 8. The Secretary-Treasurer and Tellers of the Election reported on the results of the election of Directors. Elected for three year terms were: Katherine Clark, Guy Siebold, and James Youngquist. Elected for two year terms were: Michael Hayes, James Hogan, and Jennifer Walsh. Elected for one year terms were: Robert Kahane, Dennis Luke, and Joseph Wooldridge. The number of ballots returned were 27 (out of 52). One ballot was invalid because 10 votes were cast on it; the limit was 9. Therefore, the election was based on 26 valid ballots (50%).

 9. There being no additonal questions or business to discuss, a motion to adjourn was properly made and seconded. The meeting was adjourned at approximately 12:05 P.M. Refreshments provided by the Youngquists followed.