The meeting was called to order by Mark Luckie, President.
 
I.                   Welcome and Introductions

II.                Secretary’s Report-Kay Langlois read the minutes from the 2007 Annual meeting (see attached).  Mike Colby moved and David Lawson seconded the minutes be approved.  The motion carried.

III.             President’s Report-Mark stated the meeting was held earlier this year due to the By-Laws amendment passed last year.  Mark reviewed the Core Four Values-safety, accountability, camaraderie, and value.  He thanked the current board members.  Mark also thanked volunteers including Bob Shimer, Shirley Lopes, Hope Hatfield, Michelle Kemper and the block captains.  A lot of time was spend assisting residents amend the Covenants and Restrictions.  Two major areas, 2A and 2B, which comprise 25% of the membership received a 51% or more agreement.  There was a lot of time spent communicating with neighbors , updating the web site and producing the newsletters.  Under capital improvements, the median was curbed and graded.  Several committees were active this past year.  The landscaping committee helped clean the area around the lake and cemetery and had a Christmas decoration contest.  The annual directory is being prepared.  Relationships with the town and the county officials included the median curbing and partnering with Debbie Driscoll regarding the cleaning around the cemetery and the county was contacted regarding a drainage issue.  Neighbor’s concerns were addressed by sending letters and/or directing residents to the appropriate sources.  The Covenants and Restrictions amendments were reviewed and tied into the By-Law process as well as membership into the OCA.  Two of the largest plats have been completed so far.  Time was spent with attorneys reviewing the process and meeting with residents to explain the process and answer questions.  The electricity for the median sign is back on.  Time was spent collaborating with the Lake Vista Association.  The welcome committee welcomed 9 new residents this year.  If you become aware of a new resident, please call Kay Langlois, Secretary.  Mark invited volunteers to get involved in committees or consider becoming a board member.  The Board of Directors meets the second Thursday of each month at 7:30 pm at the Pizza Hut.

IV.             Treasurer’s Report-Jerry Stevens said a copy of the proposed budget was in the newsletter.  This year’s proposed budget is in the red as was last year’s, so we have utilized our surplus.  Jerry reviewed the proposed budget and passed out a Profit and Loss Statement current as of today.  We have a profit of $3.70 with 45 days left in this fiscal year.  Estimated expensed include $1000 for insurance with $900 income from Lake Vista for their share of the insurance.  Richard Cohen moved and Kathleen Jackman seconded a motion to accept the treasurer’s report.  The motion carried.  Jerry plans to solicit ads for the newsletters to offset the cost.  A suggestion was made to electronically mail the newsletter and possibly the directories or post them on the website.  Mark moved and Jerry Stevens seconded a motion to include a balance sheet distributed to residents at the annual meeting.  The motion passed.  Randy Seibert moved and Kathleen Jackman seconded a motion to accept the 2008-2009 budget proposal.  The motion carried.  Richard Cohen thank the board for their hard work this past year.

V.                Elections of Officers
Mike Colby facilitated the election of officers.  He asked for nomination for President.  Kim South moved and David Lawson seconded Mark Luckie for President.  Mark Luckie moved and Richard Cohen seconded David Lawson for President.  Mark withdrew his name for consideration.  For Vice President, David Lawson moved and Valerie Jackman seconded Mark Luckie.  There were no other nominations.  For Treasurer, David Lawson moved and Mark Luckie seconded Jerry Stevens.  There were no other nominations.  For Secretary, Richard Cohen moved and Mark Luckie seconded Kay Langlois.   There were no other nominations.  Mike closed the nominations.  The slate was voted on as a whole.  The officers were elected unanimously.

VI.             Open Discussion-A question was raised as to who received the newsletters and directories.  The answer is all residents.  
 
A motion to adjourn was made by Randy Seibert and seconded by Jim Green.  The meeting was adjourned.
 
Respectfully submitted by Kay Langlois, Secretary.