Annual Meeting Minutes

1. CALL TO ORDER
   Bill Burnham called the Annual Meeting to order at 4:10 p.m.
    
2. ESTABLISHMENT OF A QUORUM
   A quorum was established with 64% of the SVEA voting membership represented either in person or by proxy.
    
3. APPROVAL OF 2004 ANNUAL MEETING MINUTES
   Barbara Thompson moved to approve the minutes of the December 30, 2004 Annual Meeting. Doug Carnahan seconded and the motion passed with all in favor.
    
4. ELECTION OF BOARD OF DIRECTORS
   The Board of Directors’ nominees, Marilyn Alcamo, Meredith Carnahan, Jim Fletcher, Patty Rosewater and Crispin Thiessen, were introduced and officially nominated to serve three-year terms. There were no other nominations. MOTION: Patti Brolin-Ribi made a motion that the nominees be elected. Beverly Reeves seconded the motion.
    
5. PROPOSED MASTER DECLARATION AMENDMENTS
   Proposal 1 – Amendment of Sections 2.02 and 2.03 - MOTION: Doug Carnahan made a motion to approve Proposal 1. Beverly Reeves seconded the motion.

   Proposal 2 – Amendment of Section 3.08 – MOTION: Doug Carnahan made a motion to approve Proposal 2. Marilyn Alcamo seconded the motion.

   Proposal 3 – Amendment of Section 3.09 – MOTION: Doug Carnahan made a motion to approve Proposal 3. Tim Kelly seconded the motion.

   Proposal 4 – Amendment of Sections 8.01 and 8.03 – MOTION: Beverly Reeves made a motion to approve Proposal 4. Doug Carnahan seconded. Discussion was held and Bob Leyse stated that the proposal was too confusing.

   With no other matters to be properly considered at the meeting, Mr. Burnham called for the votes to be turned in and tabulated.
    

6. BOARD REPORT

   While the votes were being tabulated the Board provided a brief report on the following matters:

   • Elkhorn Springs Development
   • Sunshine Parcel
   • Crown Ranch Phase V Development
   • Elkhorn Golf Course
   • The Community School/Sagewillow Complaints
   • Sun Valley Comprehensive Plan
      
7. FINANCIAL REPORT
   John O’Connor reported on the 2004/2005 Audit and the 2005/2006 Budgets. Copies of the audit and the budgets were available at the meeting and are posted on the SVEA website.

TABULATION OF VOTES ON THE MOTIONS FOR ELECTION OF BOARD OF DIRECTORS, AND THE PROPOSED MASTER DECLARATION AMENDMENTS

Marlene Lowry, Inspector of Elections, reported that the tabulation of the votes on the amendments had been completed and that a total of 990 votes or 64% of the voting power of members was represented at this meeting in person or by proxy. On the motion for the election of the directors, the votes cast for each candidate exceeded 59%. On the four proposals to amend the Master Declaration, the votes cast for each proposal was at least 58% of the total voting power of the Association. Bill Burnham reported that the proposed directors were each duly elected and the motion to elect each was approved, and that the four proposed amendments passed and the motions to pass each were duly approved.

Sun Valley Elkhorn Association
P. O. Box 1708
Sun Valley, ID 83353

Phone: 208-622-7420
Fax: 208-622-3215
Email:  svea@cox-internet.com