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28, 2019 (3-month period). Three campsites have been rented
during this timeframe. One site rented for 5 days; one site
for 56 days; and one site for 62 days.
Fund’s investable assets to be allocated to equities.
The current policy allows up to 40% to be invested in
equities. This change is a result of a recommendation
from our UBS account manager and a thorough
discussion among the Investment Committee.
B. Rogers discussed the failure of the Ranch House walk in
cooler and actions being taken to determine the best option
to repair the cooler. He reported he has received two bids
and is attempting to obtain a third. One bid is for $12,500
and the other bid is for $6,350. Details of the failure and the
bids were discussed.
Motion by M. Ames, seconded by V. Kaszonyi to amend Policy #
7:01 to allow the Resource Fund to invest up to 50% in equities.
Motion passed unanimously.
3.
Motion by M. Ames, seconded by A. Lifsey to approve an amount of
not to exceed $6,500 out of the Capital Fund account to repair the
walk-in cooler. For votes: M. Ames, V. Kaszonyi, and F. Calabro.
Against votes: A. Lifsey, M. Smith, N. Thurston, B. Cook, T.
Chambers, and R. Karbon. Motion defeated.
During discussion of the above motion, B. Cook opined that
the cost of repairs should be paid out of the Operating Fund
account. Discussion took place as to the rationale for using
either account to cover the expenses to repair the cooler.
Discussion also included an option to not fund something
the Board had previously approved, diverting the funds to
the cooler repair. At conclusion of the discussion, the
following motion was made.
New Business
1.
Motion by B. Cook, seconded by N. Thurston to approve an amount
of not to exceed $6,500 out of the Operating Fund account to repair
the walk-in cooler. For votes: M. Ames, F. Calabro, A. Lifsey, M.
Smith, N. Thurston, B. Cook, T. Chambers, and R. Karbon. Against
votes: V. Kaszonyi. Motion passed.
Items from Members
Member Ralph Mayer inquired as to the Board’s progress in
finding the next General Manager of CCR. R Karbon
indicated that the Board would be interviewing the current
Assistant GM, Brian Rogers this afternoon.
Motion by M. Ames, seconded by F. Calabro to approve the
Manager’s Report. Motion passed unanimously.
Old Business/Open Issues Log
2.
Purchase of Member Lot 894 Geneva Park. B. Rogers
provided details related to the proposed CCR
purchase of this lot. After discussion, the following
motion was made.
Motion by V. Kaszonyi, seconded by A. Lifsey to authorize
Management to spend up to $1,500 out of the Capital Fund account
to purchase Member Lot 894 Geneva Park. Motion passed
unanimously.
B. Rogers reported that the Liquor License for the Whitetail
Unlimited Banquet at the Ranch House has been approved.
1.
Campground Tree Cutting/Trimming Member Work
Party Update. M. Smith provided updated
information related to this project. The project is
scheduled to take place on April 13 and 14, 2019
(weather permitting). M. Smith provided the
Directors a handout that discusses the Itinerary that
will be followed on these two days. He also
indicated that he and T. Chambers have provided CCR
Management a request for support needed for this
project. He reported that B. Rogers had responded
to the request confirming management support.
Item #290 – Strategic Planning Development
Update. R. Karbon reported that the strategic
planning board sub-committee is making progress.
He indicated that the Board participated in a working
session this morning where initial draft products
were provided to the Director’s. He said the intent is
to have a Final Board-approved plan that will be
presented at the September 2019 Annual
Membership Meeting.
Member Jim Treadway commented on the Tag Elder trimming
project being delayed due to the snow depth. He indicated
that Oak cutting was also delayed but thinks it can be
completed before April 15 th ; start of the period of concern for
oak wilt.
Motion by M. Ames, seconded by V. Kaszonyi to adjourn the
meeting. Motion passed unanimously.
Meeting adjourned at 10:58 AM.
2 nd Reading of Investment Policy #701. R. Karbon
reviewed the information that had been discussed
on this topic during the February 2019 Board Meeting.
The change is related to the committee’s
consideration of a recommendation made to them
by the UBS Fund Manager who recommends a
slightly more aggressive investment strategy than
what the current policy stipulates. The proposed
policy change allows up to 50% of the Resource
The next Board Meeting is April 13, 2019.
GREEN BOX HOURS
Wed. Noon - 2 p.m.
Sat. 9 a.m. - 11 a.m.
Sun. Noon - 2 p.m.
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