The first annual meeting of Loma Topkie Property Owners Association was called to order at 4:00 p.m. on this date by Olin Philips.
Herb and Betty Martin were delayed on their trip home from California, so there was not a quorum. It was agreed by those present that any motion passed at this meeting would be subject to their approval.
Olin informed us that the fire hydrant would be ready for use as soon as a leak is repaired. This should be done within a few days.
Sue, owner of Lot #__, sent a check for her share of the cost of the hydrant installation. Since the Water Company had already been paid, it was agreed that her contribution should go into the Association's general fund. Motion to this effect was made by Olin, seconded by Elizabeth Welsh and passed unanimously.
Motion by Nilah, seconded by Lee, to place a "Private Drive" sign at the entrance to Loma Topkie. The motion was approved unanimously by those present. Lee will see about getting the sign.
Olin suggested that the island in Topkie Drive should be landscaped. George suggested that the only way to prevent top soil and gravel from washing out when we have a heavy rain would be to install a six inch curb around the area. It was moved by George and seconded by Madge that Betty and Lee be designated as a committee to investigate possibilities as to how this might be handled. The motion was approved.
The treasurer's report was held in abeyance as Betty was unable to attend the meeting. However, it was moved by Elizabeth and seconded by Lee, with unanimous approval by those members present, that Olin be delegated to investigate putting the Association's fund in a Money Market Account in order to receive maximum interest on deposits.
In the absence of the secretary, minutes of the meeting were kept by a regular member.
The meeting was adjourned at 5:00 p.m.