Executive Meeting
Board of Directors Meeting
January 3, 2006

Convened at 7:00 PM

Present:
Michael Eastman - President (via phone)

Edgar Khalatian – Vice President 

Bill Williams - Treasurer

Ron Simmons - Director at Large

Frank Perkles - Secretary

Invitees:
Paul Policarpio – General Manager

Jimmi Ong – Vice President Wells Fargo Investment 

Committee Reports:

Reports submitted by the following committees:

 Architectural - Financial - Judicial - Social - NWEP - Welcoming

Motion:

Invest the $ 5 Million Settlement Fund in Treasury Bonds for a period of 3 month. 

Motion: Edgar Khalatian
Seconded: Bill Williams   

Motion unanimously carried.

Other Matters:

Instruction to GM to convene as soon as possible a Post Settlement Meeting with Counsel David Lira present and Consultant involved in the case.  The format of the meeting will be an open forum type to satisfy all questions pertaining to the settlement and pre-construction matters.

Adjournment:  8:30 PM

 Respectfully submitted by: Frank Perkles, Secretary

Special Meeting 
Board of Directors 
January 17, 2006

Convened at 7:00 PM

Minutes of the Meeting

 

Present:
Michael Eastman - President (via phone)

Edgar Khalatian – Vice President 

Bill Williams - Treasurer

Ron Simmons - Director at Large

Frank Perkles - Secretary

Invitees:
Paul Policarpio – General Manager

David Lira – CVHOA Legal Counsel on RESG Lawsuit

Aram Kaloutian – Microbial Specialist

Bill Zolg – Construction Consultant 

A meeting was called for the purpose of giving all homeowners the opportunity to hear and question all parties involved in the  RESG Lawsuit Settlement.  Topics that were  discussed involved the following:

1) Chronological narration of events and conditions that led to the Settlement of the lawsuit against RESG and all sub-contractors involved in the re-construction of Cabrini Villas earthquake damage repair.

2)      Pre-construction questions relating to general damages discovered during the destructive testing phase of the lawsuit. 

3)      Board’s intention to start repair work as soon as possible after satisfying all necessary CC&Rs requirements pertaining to the repair of commonarea damages.  The  Board will consider and evaluate all recommendations of experts assembled by the Plaintiff team as organized by legal counsel.

Adjournment:  8:30 PM

 Respectfully submitted by: Frank Perkles, Secretary

 Archives:   November 22. 2005  |  November 4, 2005  |  October 25, 2005  |  October 13, 2005  |  August 30, 2005      June 27, 2005 Minutes    |   May 7, 2005 Minutes    |   April 20, 2005 Minutes

March 22, 2005 Minutes    |   Feb 22, 2005 Minutes    |   January 25, 2005 Minutes

There was no meeting December 2004

November 23, 2004 Minutes    |   November 10, 2004 Minutes    |   October 25, 2004 Minutes

September 28, 004 Minutes    |   August 28, 2004 Minutes    |   August 24, 2004 Minutes

July 27, 2004 Minutes    |   June 29,2004 Minutes    |   June 22, 2004 Minutes