POINT VENTURE TOWNHOUSES, INC.
BOARD OF DIRECTORS MEETING
January 19, 2008
The President, Mr. Mel Kurth, called the meeting to order at 9:00 AM on Saturday, January 19, 2008. The
meeting opened with a roll call of the board members present.
I. DIRECTORS PRESENT: Directors Mel Kurth, Sonny Ables, Craig
Clark, Clayton Cooke, Ted Hendricks, Charles Baker, Perry Senn, Marshall Heins and CL Roy. A quorum was established.
II. APPROVAL OF MINUTES: The minutes for the Board of Director's
Meeting of October 20, 2007 were approved. Sonny Ables made a motion that the minutes be approved as presented.
The motion was seconded by Clayton Cooke and approved with a unanimous voice vote.
III. PRESIDENT'S REPORT:
A. PVTI hired an extra employee, Eddy Cantwell, for landscaping
instead of having an outside landscaping contract. In the first three weeks of this year, he has concentrated on leaf
clean-up in the areas of Highpoint, Indian Point and Comanche Point. A reminder was given to members to call the office
on special requests.
B. Discussion on new owners who have not received their bylaws/restrictions when
they purchased their townhouse. It seems that the Title Companies are aware of the PVPOA but not aware of Townhouse,
Inc. having their own bylaws and restrictions. The office will be more aware of this and will double check with new
owners to make sure they received their documents.
C. Engineering Survey/Structure Project - Lee has been given the project to review
concerns with individual owners.
IV. TREASURER'S REPORT:
A. Explanation of separated bank accounts.
B. Review of 2007 budget verses actual.
C. Status of LCRA payments. Approximately $16,000
is still due from owners, some have ignored but most are making payments. General consensus that financing and payment
for same is going very well and better than expected. Several "no pay" may indicate disagreement with LCRA purchase.
D. Collections - One Demarett TH foreclosure was put on
hold due to owner filing bankruptcy. Since that time the bankuptcy has been dismissed and PVTI will continue with the
foreclosure process. Two of the Demarett units owned by an investor have been sold and new owners are renovating.
V. OLD BUSINESS:
A. 32 Acre Committee Undate presented by Sonny Ables. Members can
request a copy of his report from the office. Mr. Ables distributed his findings to the Board and has completed his
committee work on this topic. It is now up to PVTI Board to move forward.
B. Marshall Heins reported on the results of the Vision 2008 Survey.
118 surveys were received. Copies of the results can be requested from the office.
C. Marshall Heins reported on the updated Handbook/Rules. Mr. Heins requested
the office to make sure all owners have their copy. Last distribution of the Handbook was in 2004.
VI. NEW BUSINESS:
Sonny Ables made a motion to approve the 2008 Budget.
Clayton Cooke seconded it and passed with a unanimous voice vote.
VII. ISSUES FROM THE FLOOR:
Owner reported railroad ties which are rotted on Comanche Lane are being
replaced with stone by the PVPOA and not PVTI.
VIII. The Board adjourned at 11:00 AM. Motion to adjourn by Charles
Baker and all approved with unanimous vote....No executive Session was conducted.
