Chesterfield Homeowners Association, Inc.
Board of Directors Meeting
January 14, 2003

Meeting called to order at 7:05 pm

Attendance:
President - Wally Sa'd - absent
Vice President- Dan Taddei
2nd Vice President- Kevin Fatten
Treasurer- Mark Bozik
Secretary- Cari Podolak

Motion was passed 4/0 to accept the minutes from December 2002.

Treasurer’s Report
Bills:
   OAM fee: $697.50
   OAM postage/misc. fee: $10.00
   Water bill: $12.58
   ComEd: $52.07
   Secretary of State annual filing fee: $10.00
Account Balances:
   Bank One: $26,026.90 (will be transferring funds to Valley Community)
   Valley Community: $3,407.26

Old Business

• Website Update: The mail is working. We have not received any e-mails.
• Need to discuss ordering letterhead with OAM. Make sure the PO Box, e-mail, and website are included on all mailings.
• Two names remain on the delinquent list for 2002 annual dues. Wally was nominated to call them for payment plans before starting court procedures.

New Business

• Lights not on down Mitchell Rd yet. Mark will inquire with the Village.
• Boat is being stored in a backyard by the lake. OAM to write a letter.
• 609 Stewart to make sure their trees are on their property and not the wetlands. OAM to write a letter if it's not.
• Mark will get an electronic list of current addresses for mailings/flyers that we may pass out in the future.
• 2003 Budget approved 4/0. Let OAM know.
• Discussion that the Activity Board should have a separate checking account to get their funds. The Board is still in charge of the account.
• Notify OAM to get quotes on Savings accounts/CD's to put our reserve money into an interest bearing account. We will get quotes and go with the best deal. Also need to reconcile current Accounts and where reserve money is allocated to.
• Need to find out if Yahoo will do a yearly charge to get the website off of Dan's personal account
• Attorney told us to consider having the Board Members fees waived as a token of being a volunteer Board Member. Many homeowners Associations offer it as an appreciation of serving as a Board Member. Tabled until next meeting.

The meeting was adjourned 7:50 pm.