President Jack Dhooghe called the Meeting to order at 3:09 pm. Present were Members, Dave Elliott, Gene Kear, Richard Martin, Verlin Schauer, and Mark Shook. Absent : Jamie Johnston.

Copies of the Minutes of the November meeting were provided to each Board member prior to the meeting. Gene Kear made a motion that the Minutes be approved as presented. 2^nd Verlin Schauer. Approved 6-0.

Treasurers Report/Dave Elliott.

Dave presented a written Report, which was shared and discussed with the board. The possibility of a CAB low interest loan at a rate of 2% was discussed. By unanimous consent, Dave and Jack were directed to ask for the details and conditions of this program and bring a proposal to the Board. Dave reported that a buyer was interested in the Harris lot. The association will be paid in full for all back dues plus penalties and interest at closing when the lot is sold. Of the three members with delinquent dues, only Raymond Leroy Turner remains uncooperative and unpaid. Dave was directed to write an update letter to Mr. Turner , and direct our attorney to actively pursue further legal action. Mark Shook moved the treasurers report be approved as presented. 2^nd by Gene Kear. Approved 6-0.

Vehicles Chairman /Richard Martin. Richard reported our Vehicles are ready for winter use.

ACC Chairman / Gene Kear. The subject of the cash bond (or insurance certificate) required from each property owner to be held by the association during construction was again discussed. Mark Shook made a motion the cash bond be increased to $5,000.00 effective immediately. 2^nd by Verlin Schauer. Approved 6-0.

It was further suggested that the ACC review its procedures and reinstate the ACC Checklist. ACC rules should be presented to the board for approval and distribution under the Rules and Regulations provisions. In this way everyone will have access to know what the ACC is expecting.

OLD BUSINESS

None

None

The meeting was Adjourned at 4:58 PM.

Respectfully submitted,

---DRAFT COPY----

_________________________________________

Mark Shook/Secretary

Meadow Lake Airport Association Inc.