THE SPRINGS SPECIAL MEETING of the HOMEOWNERS
June 29, 2005
 (Unapproved minutes)

Board Members present: Gene McGaughey, Richard Olson, Paul Walter, Ann Markle, Floyd Parker, and Marge Hurst.  Approximately 43 homeowners were present.

Welcome and Call to Order:
President Gene McGaughey called the meeting to order at 9:30 A.M.  It was determined by Marge Hurst that a quorum had been reached of people present and proxies sent in, to conduct this “one issue” special meeting.  The proposed Agenda for the meeting was approved.

Gene McGaughey welcomed everyone attending and especially thanked the By-Law Committee for their extensive work.  As required, information explaining the proposed By-Law change and ballots had previously been mailed to all homeowners.

He explained in detail the need to reduce the quorum number from a Majority to 20% in order to have an Annual or Special meeting of the Homeowners.  This is because proxies will longer be legal (due to state law) after August, 2005. 

Gene McGaughey then opened the meeting to questions concerning this issue and answered all questions.  He emphasized that the change of quorum requirement did not give the Board of Directors any additional power.   The 20% requirement was in line with the present GVR requirement.

With no more questions, Gene then recessed the meeting to count the votes to amend our Springs By-Law Article III, Section 3.05 to reduce the quorum from a Majority to 20% of homeowners present or by proxy.

After the tally, Floyd Parker reported 279 votes for the By-Law change and 30 votes against.  This was a decisive affirmative vote to change the quorum number. 

Gene McGaughey announced that anyone who wished to stay after the meeting and discuss other issues with the Board in an Open Forum session was welcome.

Adjournment:
Meeting adjourned at 10:10 A.M.

Submitted by,
Marge Hurst, Recording Secretary

These minutes are subject to approval at the next Board meeting, August 1, 2005.