COLORADO TECHNOLOGY CENTER
CTC OWNERS' ASSOCIATION, INC.
MINUTES OF ANNUAL MEETING
Meeting Date: December 3, 2003 10:00 a.m.
The annual meeting of the Members and Executive Board of this Association was held at the office of Inovonics Corporation, 315 CTC Blvd, Louisville, Colorado.
Executive Board Member Present:
Executive Board Member Absent: Audrey Berne
Members or Representatives Present:
Represented by Proxy:
A two-thirds majority of voting interests was needed and was met (69.30%)
The meeting was called to order by the President, Chris Boston
1) Election of new Board Members (2 positions open)
Steve Meyers & Daniel Stiehr will replace Audrey Berne and Peter Blackford on the Board.
2) Review Financials & 2004 Projected Budget
3) Update from Jim Burton on projects completed in 2003 Sidewalk Project
4) Review & Discussion of the 2004 Proposed Budget (copy attached an made a part of these minutes)
A motion was made by Peter Blackford to increase the budget for utilities from $7,000 to $10,000. Motion seconded by Chris Boston. A vote was taken and passed unanimously.
Discussion regarding the website was lead by Peter Blackford. The results of the questionnaire that was sent out regarding input from the owners are as follows: 15 - in favor of continuing with the website; 7 not in favor and 6 do not care either way.
Henry Johnson will contact their marketing group and get back to Chris Boston regarding design and cost of updating website.
Chris Wecker made a motion to increase the budget for the website from $1,500 to $5,000. Peter Blackford seconded the motion. A vote was taken and passed unanimously.
Meeting was adjourned.
Steve Meyers Secretary Treasurer
CTC OWNERS ASSOCIATION, INc. 2004 BUDGET
Cash on Hand (estimated as of 12/31/03): $0
Less Budgeted Expenditures: 58,000.00
Total 2004 Dues Assessment:$ 58,000.00
Breakdown of Expenditures
Total Expenditures: $58,000.00
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