The Special Assessment meeting of the Rainbow Lakes HOA was called to order at the firehouse at 21st & 135th St W on Tuesday evening, Oct 4, at 7:00pm. Board members in attendance: Michael Ball, Teresa Powell, Agnes Johnson, Lynn Guinn, Mark Stolz, Jeff Hoetmer, Brad Sweet, Sandra Zeh, & Steve Fuller (new Board member). 51 homeowners were represented by their attendance or their proxy forms. Proxy forms were reviewed by HOA Mgmt. before the meeting. Mike Ball, HOA President, started the meeting and requested 2 volunteers to be tellers to count votes (Mark Stolz & Eric Powell). Mike made a few general comments about the general need for the proposed special assessment, and then turned the meeting over to Lynn Guinn.
Lynn presented clear & transparent rationale for budgetary numbers on the proposed assessment. Lynn spoke about the need for a special assessment that was going to be used to address the rip rap replacement & tree work around the lake. He stated that the Board had secured 3 bids for rip rap work around the lake, which makes up the largest part of the assessment proposal. Lynn stated the average of all bids would be used for budgetary purposes (approx. $31K), with the rest of the money being used for tree removal (approx. $3K per tree removal) on common property, and maybe further work on the lake aerators. The Board was requesting a 1-time assessment of $300 per homeowner. Lynn also presented a map of where rip rap work would be done around the lake.
Several homeowners presented pro & con views of the assessment. Finally, after everyone had said their peace, a motion was made to vote. Votes were submitted & counted twice, with the residents rejecting the special assessment by a vote of 31 NO votes to 21 YES votes. While the Board members were unanimous in their belief in the need for the assessment money, the votes were counted & noted– no special assessment at this time.
The meeting was adjourned at 7:55pm. The next HOA Board meeting will be held on Monday, Oct. 10, at 7pm at Teresa Powell’s home.
Mark Stolz, Secretary