MINUTES
OREGON WASHINGTON COMMUNITY ASSOCIATION MANAGERS
TUESDAY, JUNE 10, 2003
HOLLADAY HOTEL

PRESENT:                                Marshall Fant, President

Bryce Stephens, Treasurer

                                                Cheryl Brendle, Secretary

MEMBERS PRESENT:              As indicated on the sign-in sheet

I.                  CALL TO ORDER  

Marshall Fant called the meeting to order at 11:30 A.M.

II.      ROLL CALL   
The meeting sign-in sheet will be substituted for the calling of the roll.

III.           PROOF OF NOTICE OF MEETING  
The Secretary confirmed that notices for today’s meeting had been sent to all members on or about May 12, 2003.

IV.             READING OF PREVIOUS MINUTES  

There are no minutes to be read since this is the first membership meeting of the corporation.

V.                ANNUAL FINANCIAL REPORT

Bryce Stephens gave the annual financial report, which is attached to the original minutes as Addendum A.

VI.             REPORTS OF OFFICERS

Marshall Fant commented upon the activities and accomplishments of the organization over the past 12 months.

VII.         APPOINTMENT OF COMMITTEES

Marshall Fant announced that several committees would be formed. These include an Ethics & Standards Committee, an Expo Committee and a Legislative Committee. Members that are interested in serving on any of the committees are asked to sign up on the forms located on the registration desk.

VIII.      APPOINTMENT OF ELECTION INSPECTORS

David Schwindt and Alan Crandall are appointed to serve as the election inspectors.

IX.             RATIFICATION OF BYLAWS

A unanimous ballot is cast in favor of the ratification of the Bylaws, which have been previously sent to the membership.

X.                ELECTION OF FIVE DIRECTORS

The following members are nominated to serve on the Board of Directors:

Ron Balash

Bob Brown

Cheryl Brendle

George Carter

Geoff Enyeart

Marshall Fant

Diane Wood

Following the tabulation of the ballots, the following directors are duly elected:

Ron Balash             Until 2004

Cheryl Brendle        Until 2005

George Carter         Until 2005

Marshall Fant          Until 2005

Diane Wood            Until 2004

XI.             OTHER BUSINESS

HB 2864 - Rich Thompson gives the group an update on the status of House Bill 2864 which OWCAM is sponsoring. HB 2864 is currently “stuck” in the senate but it is expected to pass. The result of this legislation will be that Associations which annual revenues exceeding $75,000 (professionally managed as well as self-managed) will be required to have an independent review of the Association’s financial records each year unless at least 60% of the membership votes against it.

XII.         ADJOURNMENT

There being no further items of business, the meeting is adjourned at 12:15 P.M.

SUBMITTED BY: Cheryl Brendle, Secretary