The Charbonneau Villager Newspaper 2020_April issue_Villager newspaper

THE CHARBONNEAU VILLAGER 3 April 2020 CCC President’s Column By KATHY HARP Board summarizes actions on recent resolutions At the Febru- ary CCC Board meeting, the board formally adopted the four resolutions that were presented HARP at the communi- ty special meet- ing called by the Spirit of Charbon- neau. These resolutions were in re- sponse to the demands which were presented to the CCC Board last fall. In simple terms, HOA board resolu- tions are formal statements regard- ing the association’s policies. This is a brief summary of the CCC Board actions for each resolution. Resolution No. 1 responds to “Transparency regarding the plans for a Golf Club transaction and re- building the Annex.” Regarding the Golf Club, the board has resolved to enter into any memorandums in open meetings, complete due diligence in numerous areas (for now, the details will remain confidential as per the non-disclosure agreement), continue to work with legal counsel, and pres- ent summaries to the community. On the purchase, demolition, redesign, construction and financing of a new Activities Center, the board resolves to continue working with consultants and architects, share meeting sched- ules which are open to the communi- ty, come up with a design for review, follow the CCC records policy allow- ing residents to view all records and contracts, work with legal counsel to review contracts, insurance and loans, and meet with the community prior to the final board decision. As a side note, the Village Center Development Task Force is diligently working on a final conceptual drawing to present to the community. All their meeting notes can be found online. Resolution No. 2 responds to “Cap- ping the Board’s Authority at $1 mil- lion financial commitment in respect of the Golf Club or the Annex.” The board recognizes its serious responsi- bility to care for the common property of the association and declines to vol- untarily abdicate or limit the authori- ty to make financial decisions on be- half of the community granted to the board under the CCRs, by-laws and the Planned Community Act. To limit the authority of the board by a cap as suggested by the petitioners would re- quire a CCRs and by-laws amend- ment. The board declined stating proper procedures to amend the by- laws must be followed before any by- laws amendment vote by the member- ship could be taken. Resolution No. 3 responds to “Amendment and Restatement of the CCRs and Bylaws and Rules and Reg- ulations.” The board resolves to form a Governing Document Committee no later than June 1, 2020 to study wheth- er it is feasible and desirable to amend and restate the club’s CCRs and by- laws. The committee will consist of five board appointees, with a mini- mum of two board members, who will be appointed by the board after con- sidering applicants for the committee positions. The board will require the Governing Document Committee to share its findings and possible recom- mendations with the board no later than Dec. 31, 2020. Please contact our Vice President Gene Tish if you would like to join this committee. There is more information on this in this issue of The Villager. Resolution No. 4 responds to “Stop Annual Increases to HOA dues above the CPI without a Vote of the Mem- bers.” The logical reason behind in- cluding the CPI adjustment in the as- sessment provision of the CCRs is to allow the maximum allowable assess- ment to keep up with inflation. The in- tention is for assessments to have the same buying power now and in the fu- ture as the $25 “MAXIMUM” assess- ment did in 1977. The board’s interpretation has been supported by legal analysis. The See PRESIDENT’S COLUMN / Page 4 AUXIER FOCUS FUND INVESTOR CLASS SHARES PERFORMANCE UPDATE December 31, 2019 3 Month Cummulative 1 Year Annualized 5 Year Annualized 10 Year Annualized Annualized Since Inception (July 9, 1999) Cumulative Since Inception (July 9, 1999) Auxier Focus Fund 8.28% 20.20% 7.50% 9.20% 7.54% 342.93% S&P 500 Index 9.07% 31.49% 11.70% 13.56% 6.18% 241.44% Performance data quoted represents past performance and is no guarantee of future results. The Fund may have ĞǆƉĞƌŝĞŶĐĞĚŶĞŐĂƟǀĞƉĞƌĨŽƌŵĂŶĐĞĚƵƌŝŶŐŽŶĞŽƌĂůůŽĨƚŚĞƐĞƟŵĞƉĞƌŝŽĚƐ͘ Current performance may be lower or ŚŝŐŚĞƌ ƚŚĂŶ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞ ĚĂƚĂ ƋƵŽƚĞĚ͘ /ŶǀĞƐƚŵĞŶƚ ƌĞƚƵƌŶ ĂŶĚ ƉƌŝŶĐŝƉĂů ǀĂůƵĞ ǁŝůů ŇƵĐƚƵĂƚĞ ƐŽ ƚŚĂƚ ĂŶ ŝŶǀĞƐƚŽƌ͛Ɛ shares, when redeemed, may be worth more or less than original cost. 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