CCR News September 2020 | Page 5

Continued from page 4 Edward & Lynn Fenn John & Kelli Manyen Bruce Anson James & Kimberly Oehmke III Motion by M. Smith supported by M. Ames to approve the first readings. Motion Approved Unanimously 8-0. Second Readings Diane Ives Joy Barber the Board of Directors of the cost to purchase this equipment explaining again we must plant trees to maintain our certification. Motion by R. Karbon, supported by A. Lifsey to approve the purchase of a Baumalight PS330 in an amount not to exceed $14,550.00 from the Operating Fund; with the remaining funds from the 2020 Resource Fund’s New Asset Line scheduled to repay the Operating Fund at the end of the year with the remaining balance to be repaid to the Operating Fund from the 2021 Resource Fund’s New Asset Line at the beginning of 2021. Approved 7 – 1, W. Cook opposed. Motion by N. Schulz, supported by R. Delecki to approve the second readings. Motion Approved Unanimously 8- 0. Manager’s Report 1. Lot Foreclosure Sale Update. • B. Rogers gave an update on the foreclosure sale that was scheduled for Thursday, July 16, 2020 did not happen due to our legal representatives. B. Rogers is currently working with them for the next auction date. Due to the process of publication requirements, Brian would anticipate this auction happening no earlier than the beginning of September 2020. Additionally, four new foreclosures were sent to the attorney on August 4, 2020. All four have 2019 and 2020 annual assessments plus interest charges not paid. These members have been notified through USPS both in 2019 and in 2020 regarding the pending foreclosure process. 2. Jack Pine Trenching Estimate and Skidder Purchase. • A short discussion occurred regarding the tree trencher versus outside contract costs. B. Rogers informed the Board of Directors of costs and explained we must plant trees, so we do not lose our certification that allows our property to be considered a sustainable forest. Motion by N. Schulz, supported by M. Ames to approve the purchase of the skidder from Richard Gallatin of a negotiated amount not to exceed $19,000.00 from the Resource Fund and future repairs of such equipment, after the purchase, to be paid from the Capital Fund not to exceed $15,000.00 with the equipment NOT being added to the Capital Asset Ledger for future replacement by the Capital Fund. Motion Approved Unanimously 8 – 0. 3. Tree Transplanting Spade Equipment. • A short discussion regarding the purchase of tree transplanting spade equipment. B. Rogers informed 5 4. Staffing Levels. • B. Rogers stated on July 18, 2020 he had to make a hard decision to close the dining room to take out only due to staffing levels. Since then one team member has been hired however, he is still having a hard time finding applicants. B. Rogers asked not to get upset with our team members if things take a little longer and please applaud and thank them when you see them next. 5. Montmorency County Gypsy Moth Millage Versus CCR’s Proposal. • B. Rogers gave an overview of the Montmorency County Gypsy Moth Millage and how it affects CCR. The one-year, one-mil proposal, could generate up to $500,000 for the entire county. The spraying will be in pinpointed areas as $500,000 will not cover all the private land in the county. Egg mass surveys will be conducted this fall. The county will then decide whose private property will be treated. If the Montmorency County millage proposal is approved, it does not guarantee that CCR will be treated. The choice is in the member’s hands on spraying our cabin area. 6. Enervest sale to Vermilion Cliffs Partners. • B. Rogers stated Enervest has sold all its Northern Michigan assets to Vermilon Cliffs Partners. Currently, they plan on operating the wells as normal for at least the next year. Vermilion will be producing a legal document that allows for the transfer of our wells from Enervest to Vermilion in the near future. This document will be reviewed by our Gas Lease Legal Counsel. After review, it will be given to the Board for approval. 7. Reserve Study Update. • B. Rogers stated Reserve Advisors was on CCR property doing their inspection on August 11 and 12. Two individuals toured the property looking at all CCR’s major assets. This along with information gathering from our Capital Asset Ledger, our Audits, Continued on page 6