| LAKE MOOVALYA 
                KEYS, INC.Board of Directors
 Regular Meeting
 MARCH 5, 2007
 CALL TO ORDERPresident Bill Risen called the regular meeting of the Lake Moovalya 
                Keys Board of Directors to order at 6:00 p.m.
 PRESENTPresident: Bill Risen
 Vice President: Chuck Baker
 Secretary/Treasurer: Chris Chambers
 Board Members: Joe Price, Jack Sweeney, Bob Stroud, Gary Svider, 
                William (Squeak) Kossnar, Richard Jaschke, Larry St. George & 
                Joe Maxwell
 
 ABSENT
 
 OTHERS PRESENTGuests: Barbara Risen (lot 184), Blane Coon (lot 54)
 General Manager: Cheryl Shockley
 Bookkeeper/Recording Secretary: Sue Thomson
 Legal Counsel: John C. Churchill (6:15 p.m.)
 
 MINUTES
 Mr. Price moved to approve the Minutes of the regular meeting 
                of February 5, 2007. The motion was seconded, and the motion carried.
 FINANCIAL REPORTSA motion was made to approve the February Profit & Loss Statement. 
                The motion was seconded, and the motion carried.
 A motion was made to approve the February 
                Balance Sheet. The motion was seconded, and the motion carried. 
                Ms. Thomson answered Mr. Price’s question about the security 
                deposits being separate from the general funds. BOOKKEEPER’S REPORTIn addition to the Bills for Approval shown on the Bookkeeper’s 
                Report, Mr. Sweeney presented a bill from Outwest Fabrication 
                for $100, for the manufacture of the new wall inset needed for 
                rear mailbox entry. Ms. Thomson presented a bill for $50 from 
                G. Sholl for a service call to troubleshoot the General Manager’s 
                computer internet connection. Mr. Sweeney made a motion to approve 
                the prepaid bills and Bills for Approval, including the two new 
                payables. The motion was seconded and carried unanimously.
 Mr. Chambers stated that Mr. Maxwell was working 
                on a job with him until 6:30 p.m. on February 5, causing both 
                of them to miss last month’s board meeting. Mr. Maxwell 
                indicated that he wishes to remain on the board, despite his recent 
                absences. Ms. Thomson stated that Ms. Shockley’s 
                computer connection problems were finally resolved by another 
                NPG Cable technician, and her computer is now fully functional. Ms. Thomson researched FDIC regulations, and 
                she advised moving some Association reserve funds to another bank. Tax returns are being prepared and will be 
                ready to file by March 15. Assessments of the parking lots went down 
                $500 from 2006 and will drop another $32,800, to $75,000, in 2008. One 3rd offense white line citation was issued 
                to lot 141. GENERAL MANAGER’S REPORTMs. Shockley stated that Mike’s Contracting is working on 
                the streets and making repairs with black concrete, with the exception 
                of the berm in front of Mr. Stroud’s property, which will 
                be done with hot mix. Ms. Shockley sent a bid to Buckskin Sanitary 
                District for manholes, and they agreed to pay for them.
 Mr. Baker asked for clarification from Ms. 
                Shockley in regards to her written report on warnings issued on 
                the 16th and 18th to 8829 Papago, and Ms. Shockley replied that 
                those warnings were actually for two different lots on Papago. Mr. Kossnar questioned the legality of the 
                car on jack stands at lot 141. Ms. Shockley stated that there 
                are frequent overnighters at lot 141 who also have been seen speeding 
                on their street. Ms. Shockley stated that T&C Seal Coating 
                will start soon, once Mike Dyer is done with the street repairs. 
                Mr. Stroud stated that we need to line out the re-striping once 
                the seal coat is down. Mr. Risen suggested that we measure and 
                note the distance from the light pole or water meter to where 
                the existing white line is to establish the landmarks. Mr. Sweeney 
                stated that the County has a striper and it is free, with the 
                Association purchasing the paint. He said he would help Ms. Shockley 
                with the landmarks. Mr. Risen asked if we should stripe the west 
                side of Moovalya Drive. Mr. Sweeney stated that we should do so, 
                since we own it. Mr. Sweeney stated we should mark it consistent 
                with a certain distance from the water maters. Mr. Risen asked 
                if we should stripe the area by the dumpsters, and Mr. Sweeney 
                recommended we not do so.  OLD BUSINESS Mr. St. George suggested that Mr. Churchill look at the County 
                notice that is posted on lot 10, which gives the owner 30 days 
                to bring the roof up to code. He stated the notice has been there 
                approximately one week. Mr. Churchill stated that he is still 
                dealing with Mr. Willoughby’s litigation on the legal ownership 
                of lot 10.
 Mr. Price moved to transfer $100,000 of the 
                Association’s reserve funds to a six-month CD account at 
                National Bank of Arizona. Mr. Baker seconded the motion, and the 
                motion carried. Mr. Chambers, absent from last month’s 
                meeting, asked for clarification about the street crack fill proposal 
                discussed in February. Mr. Price replied that cracks smaller than 
                ¼” can be filled only with the seal coat, as the 
                rubber material for the crack filling won’t fit. NEW BUSINESS Mr. Sweeney presented remodel plans for lot 12. The directors 
                and legal counsel reviewed the plans. Mr. Sweeney moved to approve 
                the remodel plans for lot 12, as the plans are in compliance with 
                height and setbacks. Mr. Churchill approved the plans, as long 
                as the height is correct, which Mr. Sweeney stated is correct. 
                Mr. Sweeney gave Ms. Thomson the homeowner’s construction 
                deposit. The motion was seconded, and the motion carried.
 Mr. Chambers stated he would like to see a 
                bike rack put in near the entrance. Mr. Sweeney stated it should 
                go by the guard shack for monitoring by camera. Mr. Risen stated 
                he knows someone who has a rack that would probably donate it. Mr. Risen asked if anyone is aware of any 
                recent thefts, and Mr. Maxwell replied that there have been some 
                minor thefts. Mr. Baker discussed the recently distributed 
                Assessment Notices by the County Assessor, and anyone wishing 
                to appeal should take their Assessment Notice to the Assessor’s 
                Office before April 16 to file an appeal of the 2008 valuation. 
                Mr. Price stated that persons filing appeals can meet directly 
                with Assessor Office personnel. Ms. Shockley reported that the dock at lot 
                169 is falling apart. Ms. Shockley will get some photos to Ms. 
                Thomson so a letter can be sent to the owner. Mr. Risen reported there are major changes 
                occurring on the CRIT reservation, with the resignation of the 
                police chief, who has left the area, and the police force being 
                reduced from 35 officers to 8 officers. There are new Council 
                members. There is no money for prisoner care in the jail, and 
                the Tribes are refusing to sign memoranda of understanding with 
                outside agencies. Law enforcement is virtually non-existent at 
                the present time. Mr. Churchill stated that the Tribes recently 
                started mandatory drug testing, with sufficient warnings given 
                to all, but there were still many failed drug tests. ADJOURNMENTThe meeting adjourned to Executive Session at 6:50 p.m.
 Submitted by Recording Secretary, Sue Thomson APPROVED BY BOARD OF DIRECTORS APRIL 2, 
                2007 |