September 26, 2008, Annual Homeowner's Association Meeting

TOWNHOMES OF ANDOVER
HOMEOWNERS ANNUAL ASSOCIATION MEETING
And
BOARD OF DIRECTORS MEETING

MINUTES

DATE: September 26, 2008
LOCATION: Marriott Hotel @ Cool Springs

CALL TO ORDER:
By: Mitch Welty
Time: 7:00 p.m.

ROLL CALL TO ESTABLISH QUORUM:

Directors present: Jim Ford, Robert Schettler, Mitch Welty, and Gloria Dale Williams.

Andover homeowners present: Units 602, 604, 639, 660, 670,716, 734 and 747.

Others present: Emery Gasser and Mike Woods of Gasser Property Management.

FINANCIAL REPORT:

Mitch Welty explained the need for a special assessment of twenty five dollars per month. Twenty dollars of the assessment will be placed in reserve and be used for roof repairs. Five dollars will go to the general operating fund. The Board approved the special assessment. Effective January 1, 2009, the total Association dues will be $125.00 per month.

ESTABLISH QUORUM FOR ELECTION OF NEW OFFICERS

There were not enough ballots cast to establish a quorum. The election of officers was deferred for 30 days.

NEXT SCHEDULED MEETING

Date: October 23, 2008
Time: 7:00 p.m.
Location: LSI’s offices on Lakeview Drive, Franklin, TN.

ADJOURNMENT:

The meeting adjourned at approximately 8:05 p.m.