Date: May 20, 2000 Time: 11:20 A.M.

Location: The Pavilion, Beach and Boat Dock Area,
Lakeshore Woods Subdivision
 
 

1.  The President, Joe Wooldridge, formally opened the meeting about 11:20 A.M.; his opening remarks included welcoming the Members in attendance to the eleventh Annual Meeting.

2.  For a quorum, 10% or more of the lots needed to be represented. Representatives were at the meeting from Lots 1, 2, 26, 27, 29, 36, 37, 41, and 49, which accounted for 17% of the lots. Therefore, a quorum was present.

3.  For proof of notice of the meeting, the Secretary reported to the President that he had sent notices in a timely manner to all Association Members at their address of record, following the By-Laws. Neither Members in attendance nor Members not in attendance claimed any lack of proper notice. Therefore, it was determined proper notice was given.

4.  The President presented the Minutes for the previous (tenth) Annual Meeting of the Association, May 22, 1999. These Minutes were available to Members at the current meeting. Reading of the Minutes was waived; they were unanimously accepted by the Members as written, without corrections or additions.

5.  James Hogan, the Treasurer, could not attend the meeting, but he provided the financial report to Joe Wooldridge who presented the information to the Members. The financial report was also given as a handout to the Members. The report, being thorough as usual, was accepted as given. It was also reported that the dues for two lots were still delinquent from last year.  A  CD at 3.81% will mature on June 15.

6.  The President stated that four Members had applied for four positions on the Board of Directors. Three of the positions were for three-year terms, and one position was for two years to complete the term of Michele Lewis, who has moved to North Carolina. The four Members were Frank Dietrich, Robert Kahane, Joe Wooldridge, and David Weisman.

7.  The President inquired whether all ballots had been received or whether anyone wished to retrieve their ballot at this time. No new ballots were submitted nor were there any requests to retrieve ballots. The President asked that two Tellers of the Election be appointed. The Members appointed Doug McDowall, and Christine Dietrich. The Tellers took control of the ballots and counted the votes. The results of the election were as follows:

Frank Dietrich 49 votes
Robert Kahane 27 votes
Joe Wooldridge 27 votes
David Weisman 19 votes

The three members with the highest number of votes received the three-year terms, May 2000 - May 2003. David Weisman received the two year term, May 2000 - May 2002. The opened ballots were kept for final disposition as specified in the By-Laws.

8.  As described in minutes of previous Board meetings and in the announcement of the Annual Meeting, the Board has recommended reduction in Officer compensation. The proposed reduction was approved by the Members, with a vote of 7 in favor, 1 opposed. As a result, the President's compensation will be reduced from $1200 per year to $500 per year, and the other officers' compensation will be reduced from $850 to $400 for the year. The By-Laws will be modified appropriately.

9.  The President, Joe Wooldridge, summarized the main issues addressed by the Board during the past year. Among the topics covered were:  sand for the common area, trial installation of a Porta Potty in the common area, dock resurfacing, installation of missing pilings, culling of dying trees, the work to get a dry hydrant, and maintenance of Park Run and the common area.

10.  The President opened the meeting to any comments or new business.  There was a discussion of how Lakeshore Woods, as a community or as individual owners, should be involved in the Lake Anna Civic Association (LACA).  Christine Dietrich moved that the Homeowners Association contribute $100 to LACA. The motion was passed, with 9 votes in favor, 2 opposed.  David Weisman moved that the Secretary send LACA membership forms to our Members, with encouragement to join and participate. This will be sent along with the President's letter in January.

11.  The President asked if there were any additional business, questions, or comments. There were none. Upon motion, properly made, seconded, and passed unanimously, the eleventh Annual Meeting was adjourned at 12:05 P.M.