LEATHERWOOD MOUNTAINS PROPERTY OWNERS’ ASSOCIATION, INC.
Annual Meeting 2/18/2006 Held in the South Barn

The meeting was called to order at 3:00 PM by President Russ Simmons.

Russ recognized the former board members and they received a round of applause. Russ then recognized the POA members who are members of the Ferguson Volunteer Fire Department and they too received a round of applause.

Phil Rash spoke on behalf of the developer Dick Johnston. After a few “jokes / funnies” he recognized new property owners and he discussed the growth of Leatherwood including the opening of new sections.

Diane Ertel, Lelia Ivey and Faye Freeman presented a well prepared power- point presentation. It included on-going projects, completed projects, and covered many of the social events that took place during the past year.

Some of the topics included: Fire Department, culvert work, new heaters in the barn, playground equipment, luau party, birthday dinners, Damascus bike ride, pumpkin carving party, fun day, Way Out West Party, Halloween costume party, white elephant Christmas party, golden oldies dinner and dance, winery trips, canoe trip on New River, and exercise classes.

Lelia Ivey spoke about the new gates and security. She discussed the importance of maintaining Leatherwood as a truly “gated community” in the purest sense and how it relates to preserving our property values. Also presented were details on the phases of the project and how they will be accomplished.

The roads were discussed by Chuck Mann and Russ Simmons. Basically, the roads are in good shape and they will always be an on-going project.

Fire safety was addressed by Rex Craig who has been instrumental in establishing our new sub-station. He brought us up to date on the progress of the station and announced that all but two of the new members have completed their basic fire training classes. We hope to have the new station rated by the end of the year.

Randy Burke addressed our insurance issues. We increased our umbrella coverage from one million to five million dollars.

John Single gave an update on the transition of our bookkeeping from Mountain Resource to Faw Financial Services in Wilkesboro. Effective March 1, 2006 the new firm will be doing the billing and collection of dues.
They are working on detailed procedures for all the other tasks concerning our finances such as tax work etc.

The new budget was presented as previously approved by the board. Bruce Bowers made a motion to reduce dues and after much discussion it died for lack of interest. The president stated that it would be taken under advisement and discussed at the next board meeting.

Because three members were rotating off the board an election was held for new board members. Rotating off were David Bridgers (two terms served), John Single (one term served), and Russ Simmons (two terms served).

Newly elected board members include Mike Everett, Vance Stine, and David Beckett.

Your new president is Chuck Mann, the vice president is Randy Burke, the secretary is Diane Ertel, and the treasurer is David Beckett.

In closing, I would like to thank everyone for your help and support during my two terms. Your board members spend many unnoticed hours working on various projects behind the scenes to help keep Leatherwood the best place on earth to live. Please give them your support.

Respectfully Submitted,

David A. Bridgers
 


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