Board of Directors Meeting
Guest Forum: None
Call to Order: Paul Dempsey called the meeting to order at 9:30 am at the Scenic Estates Clubhouse.
Board members present: Paul Dempsey, Jeff Smith, Sharleen Peitsch-Tyerman, Ben Twigg
Board members absent: Doug Cash
Staff Present: Kevin Southworth, Isaac Colgan, Allison Cash
Voting Status: All board members present are in good standing. Quorum.
Changes to the Agenda: None
Approval of Minutes: Board of Directors’ Meeting Minutes from October 21, 2018 approved.
Tax Foreclosure Sale cancelled on Account 50026. Member also paid delinquent LISECC accounts in full.
Administration: No report
Discussion of signers on bank accounts and drafting a policy to address the issue.
Ben motioned to authorize Leslie Dempsey to open membership at Puget Sound Cooperative Credit Union (PSCCU). Sharleen seconded. Passed. Ben made a motion to amend previous motion and add Leslie Dempsey and Ben Twigg to be signers on new account at PSCCU. Sharleen seconded. Passed.
Operations/Water: No report
First email to membership sent out and well received. The goal is to send out an email to the membership at least monthly.
Discussion of Tim Slater’s letter re: Option to opt in to the WUCIOA. In addition to the information in the letter, it was noted that LISECC would be required to issue Resale Certificates for new buyers, which could be a costly process (paid for by the seller).
Discussion of potential by-law changes to comply with WUCIOA. Ultimately, it is two separate issues. The first issue is whether we should conduct a legal review of our Governing Documents. The average range of cost for a legal review is between $5,000-$10,000. The second issue is deciding whether to actually opt in to WUCIOA. Best route may be to have bylaws reconciled to bring them in line with current legislation, without making significant changes to our Governing Documents.
New Business: None
Next board meeting is scheduled for December 9th at 9:30am.
Adjournment: 10:55 am.
Click here to see a table of the action items to be completed by board members.