SBHA Meeting Minutes August 21, 2013

SBHA Annual Meeting Minutes August 21, 2013

Attendees Victor Jacobson, Sue Jacobson, Loreta Kurkowski, Sharon Lewis, Carrie Madden, Russ Thompson and ~ 16 attendees

  1. Russ - Introduction

  1. Carrie - Financial Summary

    1. $19, 798 in checking; $23,166 in savings; anticipated payout of ~$7,000 for sprinkler system

  1. Russ

    1. New website at stonebrookowners.com

    2. New sprinkler system to replace 30+ year old system

    3. Working with police on details for the accident that occurred at main entrance. 

  1. Maris

    1. Discussed home values and sales in the neighborhood

                               i.   Last year at this time there were 13 properties on the market, this year there are 6

                              ii.   Sales have been steady over the past 4 years

                             iii.   Overall Bonneville County has seen some improvement, inventory down and sales up slightly.

                             iv.   More higher priced homes sold last year.

                              v.   Maris discussed homeowners exeption and how that works.

  1. Sharon

    1. Discussed painting snow on the mountains on the entrance sign. 

  1. Q&A

    1. One owner expressed concern over number of rentals. A homeowner can do what they want with their home, rent it, live it in, leave it empty. Bylaws cannot dictate what an owner does to the vacancy of the home.

    2. Questioned about the cash flows and normal income and expenditures per year 

  1. Nominations for Board

Steve Bright;

Eva Rivera; 522-9400;

Cindy Garrity;

Ted Heckathorne;

Qun Shi; qunshi@outlook.com