Approximately 40 members and guests were present. Pastries, coffee, tea and water were provided by the new owners of the Vanilla Bean restaurant.

Transcription

1 Superior Shores Lakehome Association Annual Meeting Saturday, November 1, 2014 Two Harbors, MN Bethlehem Lutheran Church Due to unforeseen circumstances, Bethlehem Lutheran Church was not unlocked and the meeting had to be moved. Darrin Young of Blue Waters Development Corp offered a room at the Superior Shores Lodge. The Board wishes to thank Darrin for his generosity. Panel Discussion 10:30 A.M. Due to the resignation of former President, Keith Anderson, Chuck Christiansen presided and introduced the board members present (Tim Ryan & Greg Shields) and absent (Tom Rerah, Bill D Amour and Dennis Findley.) Approximately 40 members and guests were present. Pastries, coffee, tea and water were provided by the new owners of the Vanilla Bean restaurant. Chuck thanked Keith Anderson for his 8 years of service to SSLA and offered the board s regrets about his resignation. Keith was elected president of the SSLA Board of Directors in 2006 and helped stabilize the board during a very difficult transition of property management and fractional coordination. Landscaping & Trees. There were thoughts expressed about planting a better type of tree on the property perhaps White or Red Pine. The board will look into establishing a volunteer list and a funding source for purchasing trees that are in the 6 to 10 range. We will put notifications on the website. Another request was for additional judicious tree trimming. It was suggested that owners and the property manager accompany the tree trimming contractor to have input on trimming and removal. Notify Blue Waters. Owners voiced thanks for the planter boxes that brighten up the decks and some common areas and wanted to know if we can increase the number. Nancy responded that some of the current boxes need replacement and she is looking into using synthetic material such as recycled plastic. The board will discuss this and adding additional boxes and set a budget for it. Deck Railings The board had, during the past two years, entertained the question of owners adding new railings, and/or decking to their decks. As noted in past minutes, if an owner replaces railings, they must meet current code that requires that the gap between rails must be no larger than 5. Our current horizontal cables are more than 6. The board had recommended that owners either stay with the current horizontal cable system or use a tempered glass railing, which would provide good view and shelter from the wind. The board was very cognizant that the Association has a unified look and there should not be a multiple railing options. However, the owners of Unit 95 indicated that they want to revisit the board s position. They are not in favor of glass railings 1

2 since they may cause bird strikes, snow removal is much more difficult and glass frequently gets dirty. The board will revisit the issue but noted that any modification to railings needs the board approval. 2

3 2013 Superior Shores Lakehome Association Annual Membership Meeting Saturday, November 1, 2014 Superior Shores Lodge Call to Order Present: Chuck Christiansen, Tim Ryan, Greg Shields Absent: Bill D Amour, Dennis Findley, Tom Rerah. Keith Anderson has resigned. Approximately 25 Owners and guests were present. Board Treasurer, Chuck Christiansen, called the meeting to order at 11:00 A.M. Annual President s Message Chuck read former SSLA President Keith Anderson s annual President s message and noted that it is part of the Annual Meeting packets and provides a good summary of the past year. Chuck made a special note of thanks to Carl and Nancy LMG for the marvelous work they have performed for our property. He also thanked LMG s staff: Terry, Vern and Kevin President's Message As 2015 approaches, I've paused and looked back on all the events of 2014 that have occurred at SSLA: trees removed and replaced, grounds and plantings that continue to flourish, the skillful management of the severe weather including abundant quantities of rain, snow and wind, roadway resurfacing, walkway improvements, building staining, roofing. There were many more tasks that Owners may or may not be aware of as many are completed at off peak times. I would also take this opportunity to mention the challenges and demands of some owners, making the job of President always interesting, occasionally rewarding and frequently very frustrating. (As you know the compensation package we BoD Members enjoy, somewhat softens the hardships and sacrifices of travel and time commitments made for this Association and it's owner/members.) ((Insert laughter here!!)) Seriously, none of what we do as your Board of Directors could be done without the talent, dedication and intelligence of these fine gentlemen with whom I serve and I am honored to call my friends as well as Associates. Nor could any accomplished projects be enjoyed by our Owners without the dedicated, consistent work with great attention to detail by our Management Company, LMG. On behalf of the Board of Directors, I extend a HUGE THANK YOU to Nancy and Carl and their staff of Terri, Vern and Kevin. As I have expressed each year I have served as President, the Board of Directors will continue to be watchful and skillful stewards of our mutual investments, our environment and our precious property on the North Shore of Lake Superior. Respectfully submitted, Keith Anderson, SSLA President 3

4 Secretary s Report: Bill D Amour Bill was absent while traveling but sent the following information. (Tim Ryan and Greg Shields took notes for the Annual Meeting minutes.) Bill noted that no candidates that came forward for board positions other than the incumbents currently on the ballot. A notice was placed on the website inviting candidates. There had been some questions about minutes on the website but the board had few meetings this year and all minutes are on the SSLA website including the last one: Quorum Call. Chuck Christiansen reported that we have more than the 25% required voting members present either in person or through proxy. Treasurer s Report: Chuck Christiansen OPERATING FUND As of September, cash balance in general checking and savings is $92,512 and $25,248 in a CD maturing in 2016 for a total cash balance in the operating fund of $117,760. The month of September shows a net profit of $1,303 with a year to date net loss of ($9,474). REPLACEMENT FUND As of September, cash in savings was $81,500 and $100,990 in two CD s maturing in 2016 for a total cash balance in the reserve fund of $182,490. Net income for the month of September was $1,337 and year to date net loss is ($2,534). Expenditures from the reserve fund this year have been for building 5 and 7 walkway/stair repairs and staining and for the main road asphalt paving. Call for Nominations from the Floor. Chuck Christiansen made the required three calls for nominations. There were no additional nominations. The ballots were collected and counted by Theresa Ryan and Marilyn Christiansen. 4

5 LMG Property Management Report: Annual Summary: Carl Neer Property Manager Report 2014 Annual Major Projects Completed: The siding was stained on all of buildings #1 and #2 New stairs were constructed on the entry boardwalks at building #7 The entry boardwalks and railings replaced in 2013 were stained. A new non-skid product is being tested on the building #4 stair. Asphalt on the main road was overlaid. An additional clean-out was added to the sewer line that runs between buildings #1 and #2 A hydromatic pump was replaced on the building # 1 and #2 lift station. An upgrade was made to the building #4 sub-lift. The large trees between the walkway and the building, at building #3 were removed. Major Projects Scheduled for 2015: Entry boardwalks resurfaced and new railings installed at building #7 Continue building siding staining - specific buildings yet to be determined Roof and skylight replacement at building #3 Upgrade or replacement of the pool Coping (curved edge) Replacement of the flower planter boxes Board Approved Architectural Changes of Interest: The Board has approved a tempered glass rail system for improved view, when replacing your existing lakeside deck rails. Improvements of this nature do require that your unit submit plans to the Board for review to assure that the improvements conform to the architectural integrity of the property and licensed professional will perform the work. Personal Note: LMG would like to personally thank Keith Anderson for his years of devotion to the Lakehome property and its community of owners, as President of its Board. Keith was instrumental in balancing an abundance of projects, at a pivotal point in the property s life span and he departs with the association in a strong position for the future. 5

6 Committee Reports Buildings and Grounds: Tim Ryan. We want to add more planter boxes around the grounds. They add a beautiful touch to the walkways and the property in general. Nancy Harter and her staff plant and maintain them. A major project was the removal of trees between the raised walkway and the doors of Building 3. These trees hung over and, sometimes, touched the roofing of the building. Their removal will improve air-flow and roof maintenance on Building 3. New roofing and skylights will be installed in Grounds and Security: Greg Shields Security issues have been far fewer in the past three years and this condition can be partially attributed to better on-site security and better control of the conditions of rental; e.g. numbers in each unit. Insurance: Tom Rerah As in the past, Tom advises all SSLA owners to make sure they have adequate insurance coverage for the furniture, appliances, walls and other interior Unit elements including liability. Both LMG and Blue Waters have purchased coverage for the Units for which they are fractional coordinators but owners are advised to consult with each fractional coordinator to understand coverage. See Scanned Insurance Important Information at the end of these minutes. Planning and Futures: Dennis Findley The board has developed a capital expense projection that goes out thirty years and includes scheduled maintenance such as staining, roofing. We continually update and refine this projection to inform our short and long term budgeting. Old Business None. New Business Election Results: The four incumbents: Chuck Christiansen, Dennis Findley, Tom Rerah, Tim Ryan have been reelected. Next SSLA Board Meeting: Monday, December 2, 2014 at 10:00 A.M. at Finley Engineering, Associated Bank Building, 5353 Wayzata Blvd, St Louis Park, MN 2014 Annual Membership Meeting adjourned at 11:41. Respectfully Submitted, Bill D Amour, SSLA Secretary 2015 SSLA Annual Meeting Saturday, Nov.7,

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