Minutes of the Pinnacle Mountain P.O.A. Board
Meeting October 13, 2007
Members Present: Tom Pfaffl, Ronnie Styles,
Robert Graham, Cindy Maddox, Mark Smith,
Frank Stroman, and James Hardin
Secretary's Report
Minutes from Pinnalce Mountain Property Owners
Association meeting was approved. They will
be mailed with the minutes from this meeting.
Treasurer's Report Jul 1, 2007 through Oct
11, 2007 Income Expense
Homeowners dues 20,600
Annual Meeting 221
Professional Fees 330
Road Insurance 480
Grading 1080 Drains & Ditches 765 Pinnacle
South (Front Gate) 125 Pinnacle South (Road
Maintnance) 518
Pinnacle South Total 643 Dave Robinson's
Road tree Cutting 340
Water Line Repair 160 Total Expenses 4018
Interest Income
Net Income 16,582
Banking Accounts
Checking 17,560
BB & T CD's 15,537
Reserve Fund 1,445
Total Checking and Savings 34542
Accounts Receivable 3,200
Total Current Assets 37,742
Road Committee Report
The parabolic mirror has been installed near
Dave McCaughn's well house at the bottom
of the concrete strip. The mirror provides
visibility for drivers going either direction
and has far exceeded expectations.
The committee is actively studying the concrete
strip project as outlined in the motion at
the general assembly. The current solution
involves creating a 24-foot wide road in
the area (12 feet pavement and 12 feet gravel)
that will allow for construction vehicles
as well as normal traffic. A number of issues
have been identified for which professional
opinions may be needed which include:
a) legal opinions concerning the rights of
the association and the ability to pass on
the costs.
b) Surveys to determine if the current road
expansion will fit in the allocated easement
area.
c) Engineer to determine the base need for
the current soil composition
d) Attorney's opinion to determine if any
wells or water lines will be affected by
the expansion.
e) Consideration of "rolled curbs"
to control the increased run-off velocity.
The board had a lengthy discussion on the
subject and a number of points were presented.
This could become a very complicated project.
There is a need to keep this as simple as
possible and still arrive at an accurate
cost estimate. All cost estimates need to
provide for the new construction as well
as the impact on future road maintenance.
There is no money allocated in the current
budget to pay for legal or professional opinions
that will be part of the final cost.
Any solution to this problem could result
in a substantial increase in dues or a one-time
assessment. This is seen as a problem since
we have 12 lots that are not current with
their due payments.
The board is also concerned that we generally
get only 20 to 25 lot owners to show up at
the general meeting. We really need everyone
to be actively involved so that we are getting
a true representation of the owner's opinions
on this issue. Any of the board members can
be contacted at the contact numbers and email
addresses listed in the minutes from the
last general association meeting. Any opinions,
ideas or contacts you may have that could
help with this problem would be greatly appreciated.
For more info on the Concrete strip refer
to this page on our website,
http://www.pinnaclemnt.com/Road-Concrete-Strip.htm
New Business
The board authorized the sending of registered
letters to the following lot owners who are
behind in the payment of their dues.
2008 Dues 2007 Dues
Robert Arzdorf Christine Hoy Richard Easler
David Mantek William Belcher
Brian McCraw T Brown
Donna Sorise Dewey Houser
The next meeting will be held at Ronnie Styles
home at 10:00 AM on January 19, 2008.
Meeting was adjourned.
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