R.Spitler E.Neal P.Wilkinson Cooks(representative) Hamiltons(representative) R.Cosey John Walker K.Olsen Jay Walker
The meeting was called to order at 9:00 am.Minutes of previous meeting accepted.
Treasurer’s report submitted and approved.Balance as of7/4/09$ 1170.27
R.Spitler submitted proposed budget for 2009-10 with recommendation to increase dues to $100 per year per lot.With increase in cost of gravel and other fixed costs expenses would exceed income without increase.Increases in taxes, insurance, and electricity plus gravel would result in an approximate shortfall of $800 if dues were not raised.
For future increases due to inflation the Hide –AwaySubdivision Restrictions need to be amended.Per present Restrictions, a change would require an approval by a majority of lot owners.Recommendations for this change will be discussed at September Board of Directors meeting and brought to a vote at next stockholder meeting in July 2010.
A discussion of proxy voting was held.If any lot owner cannot attend a stockholder meeting, he can convey his voting rights to another person by way of a written proxy.A proxy will allow this party to vote on matters concerning Recon Corp. at the annual meeting.
To become an officer or member of the Board of Directors would require that the party become the lot owner or have a Power of Attorney ( or Limited Power of Attorney for Recon related business).
Eric Neal is handling fireworks again this year all contributions would be welcomed.
Swim area floats had deteriorated so badly that new floats needed to be purchased.Eric Neal contributed all of the new floats allowing Recon to avoid several hundred dollars in expense.Needless to say a large thank you from all is in order for Eric.
A thank you also goes out to Eric and LeeAnne for mowing the beach area and J.Walker, P.Wilkinson, and P.Decker for cleaning pavilion area in preparation for meeting and supper.