Board Meeting Agenda

Date:

February 6, 2025

Time:

07:03 PM

Attendees:

Leon Pfeiffer, Bill Teeple, Ralph Bullis, Gary Biasini, Doug Lewis, Sheyleen Pfeiffer

Absent:

Eagle Ridge Homeowners’ Association

Board Meeting – February 6, 2025

Attendees

  • Leon Pfeiffer
  • Bill Teeple
  • Ralph Bullis
  • Gary Biasini
  • Doug Lewis
  • Sheyleen Pfeiffer

1. Call to Order

  • 7:03 PM

2. Approval of Agenda

  • Motion: Doug
  • Second: Ralph
  • Passed

3. Approval of November 28, 2024 Minutes

  • Motion: Bill
  • Second: Gary
  • Passed

4. Treasurer’s Report

2024

  • Revenue (Actual): $65,835
  • Revenue (Budget): $71,250
  • Expenses (Actual): $51,964
  • Expenses (Budget): $55,750
  • Variance: $3,786

2023

  • Revenue (Actual): $67,860
  • Revenue (Budget): $68,250
  • Expenses (Actual): $39,679
  • Expenses (Budget): $58,850
  • Variance: $21,194
  • Reserve Fund Allocation (2024): $10,000

5. Administrator’s Report

  • 29 homes have outstanding annual dues
  • Total outstanding: $7,383
  • Accounts will be placed in arrears effective April 1, 2025

6. Existing Matters

Reserve Fund Update

  • Fence maintained regularly
  • Fence replaced on 5–6 year cycle
  • Fence lifespan approx. 20 years
  • 5–10% replaced annually
  • Full replacement cost today: ~$400,000
  • Current Reserve Fund: ~$250,000
  • Potential Reserve Fund increase: ~2.5%
  • Repairs needed for tower and stone gates
  • Final report forthcoming

7. New Business

  • Retain Oasis for weed control at the Tower
  • Request Max Snow & Mow for boulevard maintenance
  • Park (RiverRidge & Eagle Ridge) to be used by Francophone School Division
    • Email to be sent to homeowners

8. Next Meeting

  • April 3, 2025
  • 112 Eagle Ridge Place
  • 7:00 PM

9. Adjournment

  • Motion: Doug
  • Second: Leon
  • Passed