Mountainloft Resort Condominium Association, Inc

Christmas Mountain Property Owners Association Minutes of the Annual Owners Meeting Campground Clubhouse November 6, 2015

I. Call to Order / Roll Call

Association President Lynn Eberl called the meeting to order at 4:01 p.m. Central. The following persons were in attendance:

BOARD OF DIRECTORS / OFFICERS: Lynn Eberl, Director / President /Delegate for Residential Owners Assoc. Fred Johannes, Director / Vice President /Delegate for Villas Assoc. Dennis Thurow, Director / Secretary-Treasurer /Delegate for Campground Assoc. Matthew Mueller, Director /Delegate for Timbers Assoc. Ron Hedrich, Director /Delegate for Golf Estates Assoc

BLUEGREEN RESORTS MANAGEMENT INC.: Steve Prial, Resort Manager Kimberly Albert, Assistant Resort Manager Kelsey Draves, Evening Manager Michele D’Alessandro, Association Governance

11 Owners from the Villas, Campground and Golf Estates were present; there were no Timbers owners present.

Director Eberl appointed Michele D’Alessandro as Acting Secretary for the purpose of recording the minutes.

II. Meeting Notice and Quorum

 Director Eberl stated that the meeting notice was posted and sent to all members in accordance with the Wisconsin statutes and Association By-Laws.

 Director Eberl stated that a quorum had been met with five of five Board members present.

III. Approval of Agenda

 The agenda was reviewed with no changes suggested.

Motion: Director Hedrich made the motion to accept the agenda as presented; which was seconded by Director Johannes and unanimously approved.

IV. Approval of Prior Minutes

 The April 10, 2015 Annual Owners Meeting minutes were presented.

Motion: Director Hedrich made the motion to approve the April 10, 2015 minutes as presented; which was seconded by Director Thurow and unanimously approved.

V. Officer Reports

 President – Director Eberl stated that the Dellona personal property tax filings increased $1.2MM; PP Tax may increase 13% based on formulas that equalize other taxes from the state.  There were no other officer reports

VI. Unfinished Business

 There is no unfinished business Christmas Mountain Property Owners Association – Minutes Annual Owners Meeting – November 6, 2015 Page 2 of 2

VII. New Business

 Kimberly Albert reviewed the Management Report. The installation of the fishing dock was completed June/July; we have purchased new snow plow equipment; completed replacement of mini-golf course grass; and completed a small hardscape landscaping project at the Registration Building to reduce annual replacement of grass due to snow maintenance. We are preparing to break ground on the employee break room area; begin installation of new fitness equipment and beginning the resort signage project.  Kimberly gave an update on human resource changes along with employee awards and achievements. Currently there are no liability claims pending with safety and accident prevention being a top priority.

VIII. Financial Business

 Steve Prial reviewed the Treasurer’s Report and the 2016 Board approved budget with an increase of 2.81% in maintenance fees; there was discussion. Steve additionally explained the extra security from 5 p.m. -10 p.m. will now be year round, there was discussion.

IX. Open Forum

 Director Eberl opened the floor for questions. There was a request to have the annual meeting in the autumn before the snow birds go south. It was agreed that this year’s meeting was too late in the year and it was because of switching from a fiscal year to a calendar year; there was discussion.  There was a question on the EMS procedures. Kimberly and Steve explained the resort protocol for 911 calls.  It was stated that security needs to slow down when making rounds. Steve explained the security officer is new and they would work with him.  There was a question on why in the increase in reserve funding. Steve explained the Reserve Study that is done by an independent company and the 5 year and 20 year plan on where reserves should be, there was discussion.  There were campground specific questions and comments and Director Eberl asked that people save those questions for the specific Association meeting.

VIII. Adjournment

 With no further business to present, Director Mueller made the motion to adjourn the meeting; which was seconded by Director Johannes and unanimously approved. Director/President Eberl adjourned the meeting at 4:44 p.m. Central.

Michele D’Alessandro, Acting Secretary