Payment of Annual Dues: There are two
lots
that have not paid their dues Lot #16
owned
by First Carolina Bank of
Carolina, and Lot #23 which is in a
foreclosure
process.
First Carolina Bank of Carolina has been
contacted, and they have agreed to pay.
Lot #23 is being researched to
determine if a lien will be placed
or an
agreement can be reached to pay the
dues.
Ronnie Styles has requested that all
checks
for our annual dues be made payable
to Pinnacle
Mountain Property
Owners Association or PMPOA.
Road Commissioner Report: Maintenance
Upper Section --Gravel has been ordered
for
the upper section of Pinnacle Parkway
and
the map for placing the gravel
has been sent to the providing company
(Dalton
Brothers). However, since there has
been
limited and sporadic
delivery of gravel to our roads since
Sep
2001, Ronnie will start to look for
other
gravel sources.
Middle Section --We have reached an agreement with Dave
Robinson to pay ½ the maintenance on
his
middle
section of Pinnacle Parkway.
Lower Section -- Concerns regarding maintenance of the
lower section of Pinnacle Parkway were
raised.
Riley will
set up a meeting with the road commissioner
and President of Pinnacle Ridge South
to
discuss issues and identify
solutions.
Improvements: Ronnie has agreed to contact the Rutherford
County road department for assistance
in
recommending improvements to the steep
concrete
strip section of Pinnacle Parkway.
Our board
views this section of
our roads to be the most difficult and dangerous
to drive.
Guard Rails: There is a safety concern regarding sections
of our roads with steep drop-offs.
Some of
these drop-offs
have trees close to the road that would
prevent
a vehicle from rolling down the mountain;
however, there are several
sections that do not have anything to prevent
a vehicle going over the side and down the
mountain. The board
approved the purchase of ten concrete
barricades
to be installed on Pinnacle Parkway
at the
curve just beyond lot #23.
These concrete barricades will cost
$120
each including installation, and they
have
a natural rock appearance.
Reflectors may also be installed.
Stop Signs: Stop signs have been purchased and they
will be installed on Double View and
Pinnacle
Lane at their
intersections with Pinnacle Parkway.
Road Standards: We still have issues regarding standards
for our roads. Dave Robinson the man
who
developed
part of Pinnacle Parkway -- helped Rutherford
County develop standards for subdivisions.
Tom Pfaffl will contact
Rutherford County regarding this subject
and forward any information to Ronnie
Styles,
our Road Commissioner.
Architectural Committee Report
There has not been a formal meeting
of the
architecture committee, but the building
plan for Lot #60 was approved.
Bobby Graham will contact the Building
Permit
office in Rutherford County to determine
if we can be promptly notified
when new permits are being requested
for
any lot in our association. It is in
our
restrictions and covenants that all
building plans be reviewed and approved
prior
to construction.
Property Security
Riley has met with Conner Computer
Consultants
and the 1st option for a RF surveillance
network was not technically
feasible at this point in time. However,
Riley and James Hardin have contacted
Dave
Robinson the owner of the
yellow gate and they discussed the
use of
this gate to provide additional security
for our property owners. Riley
and James will prepare a proposal for
the
use of this gate to be voted on at
our annual
meeting in July.
Corporation By-Laws
A major portion of the meeting was
spent
on reviewing and approving our corporations
by-laws. All attending board
members voted and signed the copy of
the
by-laws with the needed revisions.
The revised
by-laws with the approval
signatures will be sent to our lawyers
office
for filing. Any property owner(s) whose
name
is on the deed is an
association member and can participate
in
any association activity. However,
only one
vote per lot will be allowed. It
will be the responsibility of the Secretary
to identify the property owner that
will
be designated to represent a lots
joint vote (if applicable) at any voting
assembly. The approved by-laws will
be posted
on our web-site, and any
member can request a copy of our by-laws
from any board member.
New Business
Surety bonds: Robert Graham will determine the cost and
procedure to bond any board member that participates
in
the management or disbursement of our
associations
assets.
CPA: Ronnie Styles will conduct a search for
a CPA to represent our association.
The minimum
responsibilities will
be to prepare and file our annual tax
returns,
advise the board on fiscal issues,
and to
conduct an audit when requested.
Budget: Each board member has been asked to prepare
his or her proposed budget for Fiscal Year
2003. Each budget
will be discussed at our next board
meeting,
and a proposed budget will be available
for
review by our members at the
next annual meeting in July 2002
Board tenure: Any board member who wants to leave the
board or change their duties should notify
Riley no later
than the May 11th board meeting.
Future meetings: The next board meeting will be held on May
11, 2002 in preparation for the annual meeting.
The
annual meeting will be held on July
13, 2002
at the Gilkey Community Center. Association
members will be asked to
let the board know if they will be
attending
our next annual meeting. If we have
enough
members attending, we will
cater a barbecue luncheon to be served
immediately
after the meeting.
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