Regular Session

Board Meeting — September 19, 2022

Called to order at 5:06 PM at The Bridges Club, 18550 Seven Bridges Road, Rancho Santa Fe, CA 92067, by Board President Dave Harris.

Attendance

Present

  • David Harris, Board President
  • Joe Matranga, Board Vice President
  • Charles Butler, Treasurer
  • Rebecca Lewis, Secretary

Absent

  • None

Others Present

  • Julie Bigelow, Regional Vice President, Walters Management
  • Yasmine Johnson, Community Manager, Walters Management
  • Cheryl Burger, Recording Secretary, Walters Management
  • Ken Ayers, KJA Consulting

Open Forum

Homeowners were afforded the opportunity to address the Board regarding Association-related items:

  • Gate / Patrol staff regarding protocols and responsibility

Consultant Update

Ken Ayers with KJA Consulting provided the Board of Directors with reports and status updates on the various pending and current matters throughout The Bridges community.

Minutes

Management provided the Board with the minutes from the April 28, 2022 Regular Session.

Upon a motion duly made, seconded, and carried unanimously, the April 28, 2022 Regular Session minutes were approved as submitted.

Treasurer's Report

In accordance with California Civil Code Section §5500(a–e), the Board of Directors reviewed the financial statements for the months ending April through June 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 April through June 2022 financial statements pending third-party audit.

AB2912 Resolution. The Board reviewed July through December 2022 resolutions which 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 July through December 2022 resolutions as presented.

New Business

2023 Reserve Study

Management presented the Board with the 2023 Reserve Study prepared by Reserve Analyst Matthew Swain.

Upon a motion duly made, seconded, and carried, the Board approved the 2023 Reserve Study as presented.

Draft FY 2023 Budgets

The Board reviewed the 2023 budgets for the Association. Based on current contracts, spending trends, rate increases, and the upcoming change of the gate staff, the Board agreed to increase the assessment dues by 19%.

Upon a motion made, seconded, and unanimously carried, the Board approved the 19% assessment increase, bringing the monthly total to $625.00.

Gate and Patrol Staff

The Board reviewed correspondence related to transitioning responsibilities of the gate and patrol staff from the Golf Course's jurisdiction to the HOA.

The Board agreed to have a professional advise on what the Board should do regarding the responsibilities of gate-staff procedures and patrol / community monitoring. Once options and cost are in place, the Board will send to the membership and invite homeowner feedback.

Halloween Event

Management advised the Board they contracted with the same company who provided the hayride event to the families within the community.

The Board agreed to hold the Halloween hayride event again this year.

Next Meeting

The next Board of Directors meeting is tentatively scheduled for December 2022.

Adjournment

There being no further business to come before the Board of Directors, the Regular Session was adjourned at 6:50 PM.

Respectfully submitted
Cheryl Burger, Recording Secretary, Walters Management

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