April 28, 2022
The April 28, 2022 Bridges at Rancho Santa Fe Homeowners Association Regular Session Meeting was called to order by board President, Dave Harris, at 5:03 PM remotely, via conference call.
Management noted that with Samuel Blick no longer living in the Community, the Board is allowed to appoint a person to fill his position, to carry out the remainder of his term.
A motion was made, seconded, and carried unanimously. The Board of Directors appointed Joe Matranga as the new Vice President.
Homeowners were afforded the opportunity to address the Board regarding Association related items: None at this time.
Vince with Conservation Habitat was present to briefly speak about the Santa Fe Creek Reserve located on the North side of the property. He spoke a little about what this organization does and provided visuals. Vince stated he will be sending maps and additional information to Management so that it can be sent to the full membership.
Ken Ayers with KJA Consulting provided the Board of Directors with reports and provided status updates on the various pending and current happenings throughout the Bridges community. Some of the items discussed included the back gate installation, cameras at the front gate, skunk and snake removal, street slurry, painting within the community, new signage ordered, fire clearance, storm water and remodels.
A motion was made, seconded, and carried unanimously; the Board of Directors approved the new camera installations at the front gate with a cost not to exceed $18,000.
Management provided the Board with the minutes from the September 27, 2021 Regular Session.
Upon a motion duly made, seconded, and carried unanimously, the September 27, 2021 Regular Session minutes were approved as submitted.
In accordance with California Civil Code Section $5500 (a-e,) the Board of Directors reviewed the financial statements for the months ending January through March 2022. Based on this review, the Association is in compliance with Civil Code requirements.
A motion was made, seconded, and carried unanimously; the Board of Directors accepted the January through March 2022 financial statements pending third party audit.
AB2912 Resolution – The Board reviewed January through June 2022 resolutions which would allow Management to make payments of bills in excess of $10,000 between meetings. Upon a motion duly made, seconded, and carried, the Board approved the January through June 2022 resolutions as presented.
Upon a motion duly made, seconded, and carried, the Board approved the July through December 2022 resolutions as presented.
The Board was provided an investment recommendation from the investment advisor. During discussion, Ken had noted that funds should stay liquid until the gate projects and street slurry is completed in Fall. Therefore, investments will be tabled until those projects are completed.
The Board presented the Board with the annual financial review for fiscal year end 12/31/21, prepared by Newman and Associated, CPA.
Upon a motion made, seconded, and unanimously carried, the Board of Directors approved the 2021 Fiscal Year audit as presented.
The Board discussed a community social event to take place this summer. Board member, Charles Butler, provided some information on location, drinks and food options. Charles stated he would circle back with everyone once he has all the details and costs. It was noted, flyers should be printed for this event and left at the front gate for guards to pass out.
Ken Ayers discussed the need to have a generator at the main guard house in the event of a power outage, which seems to happen often. He is estimating the generator to be about $1,500.00. The Board agreed to table this item until Ken can circle back with them with the final cost.
The next Board of Directors meeting is tentatively scheduled for August 22, 2022.
There being no further business to come before the Board of Directors, the Regular Session was adjourned at 6:09 PM.
Respectfully submitted,
Cheryl Burger, Recording Secretary, Walters Management
Rebecca Lewis
Board Member
September 27, 2022