Meeting called to order on Monday, November 21, 2011 at 4:30 p.m. via teleconference. Quorum established.

Attendance

Hunter Ford, Darius Hodge, Brandon Burke, CJ Sinar, and Brad Davis

Business

Installation of Officers

President
Hunter Ford
Vice-President
Darius Hodge
Treasurer
Brandon Burke
Secretary
Brad Davis
Advisor
C.J. Sinar

Discretionary Merit Bonuses

The Board approved a one-time discretionary merit bonus for Kristy Cowell for $2,500.00 for exceptional performance during the 2011 calendar year. The Board further discussed implementing a system for measuring and evaluating future discretionary bonuses for the 870 Inman Property Manager. Hunter Ford will contact Parkside Management to ensure that the bonus is paid in full before the end of 2011.

At the 2011 Annual Meeting, some residents expressed approval for awarding discretionary merit bonuses to the Board members. Although the Board sincerely appreciates the graciousness of the suggestion, the Board unanimously declined to accept any compensation for their service to the 870 Inman Community.

870 Gym Exercise Bike

In response to resident inquiry regarding the purchase of an exercise bike for the 870 Gym, Hunter Ford will prepare a draft policy for residents to propose purchases such as an exercise bike that would require special assessments or discretionary expenditures and will circulate the draft policy via email to the Board for further discussion and implementation.

Regularly Scheduled Board Meetings

Starting in January 2012, the Board established regularly scheduled meetings each month, tentatively scheduled for the third Wednesday of every month at 5 p.m. Depending on the existence and nature of any proposed agenda items, the Board will cancel or otherwise reschedule meetings as appropriate.

Adjournment

Meeting adjourned at approximately 5 p.m., with the next meeting to occur one month later or at such time as the Board deems necessary in accordance with the by-laws.