COLORADO TECHNOLOGY CENTER
CTC OWNERS ASSOCIATION, INC MINUTES OF ANNUAL MEETING
DECEMBER 8, 2005; 2:00 PM
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 Members Present:
Executive Board Members Absent: Gary Bir
Members or Representative Present:
Represented by Proxy:
Others Present: Carla Wilson, Property Manager
The requirement for a quorum of 51 % of the majority of voting interest was met with 53.87% of the membership either in person or by proxy.
The meeting was called to order and introductions made by Chris Boston, President.
Race at CTC
Election of new Board Members
There was one nomination made; Andrew Freeman nominated Gary Myre. A motion was made by Chris Boston that Gary Myre elected to fill his position on the Board. Linda Huntsman seconded the motion. A vote was taken and passes unanimously.
Amendment to Protective Covenants
George Topakas had a question regarding the proposed language. His question was answered to his satisfaction.
Carla Wilson will draft the amendment and forward to Bruce Joss, attorney for the association, for his review. Once the amendment has been approved by Mr. Joss it will be recorded with the Clerk and Recorders office of Boulder County.
Update on Landscape Project:
Jim also pointed out the area that will be completed next year. This is the final phase of this project. Estimated cost $10,000.
The owner of the property located to the east of the Dillion Road entrance, Turbo K, is having a problem with standing water in the southeast comer of his parking lot. At the August 30th, 2005 board meeting Jim ask the Board to approve funds to investigate if the water is coming from our irrigation system. The Board gave Jim Burton approval to move forward with the investigation of this issue with the cost not to exceed $3,000. The irrigation system was shut down for the winter before the investigative work could be done. This work will be scheduled in early spring once the irrigation system has been started-up.
$3,000 was added to the 2006 project operating budget for this research.
Update on Website
Do we want to peruse company participation? Other possible additions 1) email once a month / quarter on activity in the park; 2) feature a property or company; 3) more broker participation, etc.
Review of Financials for 2005
Review of 2006 Proposed Budget
A motion was made by Chris Boston to approve the 2006 project budget with the addition of the $2,000 allocated to the race. George Topakas seconded the motion.
Meeting was adjourned.
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