Lake Linganore Association Inc.
April 3, 2006
The meeting was called to order at 7 p.m. at the LLA Coldsteam Drive office.
Board members present were: Jim Cates, Jim DiMeglio, Alan Dinkelacker, Brandon Frazier, Lisa Rogers, Grant Sheehan
BoD absent: Jay Decker.
Staff in attendance: GM Edwards.
Director Frazier clarified reference to Aspen North Community Development Authority (CDA) financing, explaining his point that other HOAs have used the same source of loan collateral as proposed for Aspen North. He did not say that the LLA had done so in the past.
Minutes were approved as amended.
Director DiMeglio reported that the weir wall stone work was to begin this week.
He noted the Land Stewards APFO related “text amendment” was to be taken up by the BoCC in public meeting on Tuesday, April 4 and encouraged attendance by LLA members in support of same.
Request for Budget Adjustment on Trash/Yard Recycling Collection Cost— GM Edwards reported on the increased costs for LLA trash pickup – more than $60,000 above budget. Unwarranted inclusion of yard waste with trash and increase in county dumping fees are responsible. He is seeking other trash hauler possibilities at lower cost.
Director Frazier recommended that any new contract bid be specific to regular trash per resident weight estimates. GM Edwards feared stringent refusal to take any yard waste with trash will result in yard waste dumped in places the LLA staff will have to clean up. Director Dinkelacker suggested identifying yard waste dump areas and limiting regular trash pickup to one day a week and other waste pickup to one day a week during typical yard waste months. Director Rogers asked for an article on these issues and cautions in Lake Talk.
Aspen North CDA Rate & Method Draft Document— GM Edwards reported receipt of a draft document on the Aspen North CDA rate & method from Miles & Stockbridge. Copies were provided to the board for review. The GM discussed the status of securing line of credit financing for the CDA startup, noting discussions with Merrill Lynch regarding a portion of LLA reserves purchase of three certificates of deposit (CD) of three, six and nine months respectively as collateral for the letter of credit. The GM will prepare specifics on the proposal for review by the Finance Committee. Director Frazier asked about competing offers for the letter of credit, and the GM noted he had pursued some but Merrill Lynch was the only one to date.
Candidate Forum— The next regular meeting of the LLA board of directors is April 17. That meeting also will host the board of directors’ candidate forum at the LLA office.
• Stephen Hembree thanked the GM and staff for work done on the Woodridge trails.
• LLA scouts were represented in attendance as community participation in connection with merit badge program.
Director Rogers motion to adjourn the meeting. Director Cates seconded the motion. The meeting adjourned at 7:30 p.m.