POTOSI LAKE VILLAGE, INC.

MINUTES OF MEETING, DEC., 2004

Meeting called to order by Rick Harris at 7:30 PM President Rick Harris apologized for being late. (auto problems)

ROLL CALL

Members present were Rick Harris, Dan Kelly, Judy Skiles & Chris Boyer. Judy Skiles presented the Board of Directors a verbal resignation for Bethany Blessing, citing the pressure of a new job location and other pressing matters. Also present, Bob Bernacki.

MINUTES

Dan Kelly read the minutes from the Nov. 2nd meeting. There were no additions or corrections, so minutes were accepted as read.

CORRESPONDENCE

Dan Kelly presented President Rick Harris with a request from Russell and Ruth Rodenberg to make an addition to their home.

FINANCIAL REPORT

Dan Kelly read financial report ending December 1 2004. There was no discussion on the financial report ,it will be filled for audit.

OFFICER/COMMITTEE REPORT

No report on pavilion. Rick Harris reported that the second road contractor(S & G Asphalt) assessment matched previous views, that sealing the roads would be a waste of our money. However, it would be better to invest in cleaning ditches on each side of road to keep water away from road. So per the Board of Directors instruction of November 2004 meeting he had contracted Woody’s Excavation to clean roadside ditches. The bid submitted by Woody’s Excavation was substantially lower than the bid submitted by S & G Asphalt. The work will be done, weather permitting, week of December 8, 2004.

Chris Boyer reported on sewer project, he said that the request for grants have been received by rural development and were accepted and are in the process of being evaluated, so the sewer project was on schedule. Also, the Sewer Board would like to post materials of interest on Potosi Lake Village Bulletin Board.

Dan and Judy reported that our Attorney had advised us that the 1989 Covenants and the 1998 By-Laws could be legally used.

NEXT MEETING

January meeting to be held at the Washington County Library Tuesday, January 4, 2005 at 7:00 p.m.

UNFINISHED BUSINESS

Chris Boyer made motion to furnish all Lake members with a copy of 1989 Covenants and 1998 By-Laws along with cover letter explaining the reason for using these. After a lengthy discussion on By-Laws and Covenants Chris withdrew this motion. President Rick Harris said that this would be on the March agenda so that the By-Laws and Covenants could be included in the annual meeting mailing.

Chris Boyer made motion that Potosi Lake Village allow Public Water Supply District No. 3 of Washington County be allowed to post items of interest to lake members on Potosi Lake Village Bulletin Board. Motioned seconded by Judy Skiles. This motion passed on a 4 to 0 vote.

Dan Kelly reported that he had received a phone call from Glenda Bitter, asking if she could pay two hundred dollar ($200.00) per month on her outstanding assessments. Judy Skiles made the motion that Glenda Bitter be allowed to do this provided that the outstanding assessments were paid in full by May 20, 2005, also that no interest be added to Bitters assessments during this time. But if one payment was missed then all interest would then be added and legal proceeding be instituted against Glenda Bitter. Motion seconded by Chris Boyer. The motion passed.

Dan Kelly and Judy Skiles plan to see personnel at bank concerning Robin Feldman’s outstanding assessments; if the bank cannot provide assistance in collecting this money then Mr. Feldman will be turned over to attorney, also Mr. P. Harris. Judy Skiles made motion to proceed in the above matter. Chris Boyer seconded this motion. Motion passed

NEW BUSINESS

Dan Kelly made motion for Chris Boyer to contact the conservation people and inquire if we can still restock lake this late in the year, and if yes then spend six hundred dollars ($600.00) on a variety of fish the specie and number to be determined by Chris Boyer.

Chris asked if board or someone could post a sign at pavilion area telling residence that they could drop their real Christmas trees there. These trees could then be used as fish beds.

Judy Skiles made motion to pay all outstanding bills, seconded by Chris Boyer. Motion passed.

Dan Kelly made motion to give Ruth and Ross Rodenberg boards approval to build an addition to their home, but construction needed to start before 1 June, 2005 (the deadline was incase a new board was installed after the annual meeting). Motion seconded by Judy Skiles. Motioned passed

OTHER

The board in a general consensus decided not to purchase the two Microsoft programs that had been approved at October meeting.

Chris Boyer asked if being a foster parent would constitute a business venture. He had been asked this question by a lake member. The board had no comment on this at this time.

Meeting adjourned.