Board Meeting, February 13, 2019

• February 13, 2019

MINUTES FOR THE SAN ANTONIO VILLAGE OWNERS’ ASSOCIATION
MONTHLY MEETING FOR FEBRUARY 13, 2019

Dawn Lucian (President), Lynn Nichols (Vice President), Mike Porter (Secretary), Bettina Johnson (Treasurer) and Chad Lindblad (Member at Large) were in attendance. Manager Karel de Veer and three homeowners were also in attendance.

The meeting was called to order by Dawn Lucian at 7:00 P.M.

1) The minutes from the January 23, 2019 meeting were approved.

2) Financial Report: At the end of January 2019 our total income is $426,186 or 99.2% of our 2018-19 budget projection. Our total expenses are $411,421 or 92.7%. Our other/rental income is $21,000 or 100%. We are working on the budget plan for fiscal years July 2019 – June 2021. This includes an updated reserve study.

3) A plan is being worked to limit our total funds at Rabobank under $250,000 which is the FDIC insurance limit per institution. We are working to close one CD at a low interest rate and open a new CD for $100,000. The remainder of the funds not required in our checking account will be transferred to a CD at a different institution. We are also working to close a CD will a low interest rate at Montecito Bank & Trust and opening a new CD with a higher interest rate.

4) Architectural Change Request: Board unanimously approved the request to replace existing downstairs bathroom window with sliding privacy glass locking window for 33-A N. San Marcos Road. The window is to match the color of the unit.

5) Manager Karel de Veer gave an update regarding parking assignments. The gardeners will begin parking outside the complex on the street. This will provide three additional parking spaces during the day. A second parking space which was temporarily assigned to unit
5090-A Calle Real will be permanently assigned to that unit. Karel de Veer will continue discussions with residents between 5072 Calle Real – 5086 Calle Real regarding their parking requirements.

6) Paul Cashman, the State Farm Insurance agent who handles the San Antonio Village Master Insurance policy account, gave a presentation in the Recreation Room on Wednesday, February 6th at 7:00 P.M. Paul Cashman explained the master policy coverage and answered questions from residents. Paul Cashman will provide pricing for various coverage options and deductibles.

7) Dawn Lucian has installed a new light next to her front door and requested that Board members look at the light. The Board at a future meeting with discuss allowing residents to install new lights. Light pricing will be part of the discussion.

The next regularly scheduled Board meeting will be on Wednesday, March 20, 2019 at 7:00 P.M.

Meeting adjourned at 8:00 P.M.

Submitted by Mike Porter, Secretary