PLAYMOR BERNARDO
HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
DECEMBER 9, 2002
CALL TO ORDER / OPENING REMARKS BY PRESIDENT 6:40 P.M.
APPROVAL OF MEETING MINUTES NOVEMBER 9, 2002 AS AMENDED (MSC)6:42 P.M.
MANAGER�S REPORT: 6:44 P.M.
- LOAN STUDY
- THE BOARD DISCUSSED
- RECENT ROOF LEAKS
- REASONS FOR AND AGAINST THE LOAN AS DISCUSSED AT EARLIER MEETINGS.
- THE COST OF MAINTAINING THE OLD ROOFS
- PROJECTED DUES OVER THE NEXT FEW YEARS AND THE POSSIBILITY OF A DUES DECREASE WHEN ROOFING PROJECT IS COMPLETED
- LOAN DECISION SHOULD COME FROM THE BOARD.� (MSC)
- MOTION:� BORROW ONE MILLION OR LESS TO ACCELERATE THE ROOFING PROJECT.� (MSC)�� ONE OPPOSED.
PREPARED BY RUTH MARSHALL � ADMINISTRATIVE ASSISTANT