Walden Woods Conservancy, Inc.      
Minutes of the Annual Unit Owners Meeting
December 21, 2005

DRAFT
These minutes are not yet approved.  They will be submitted for approval at the next Annual Unit Owner Meeting scheduled for December 2006.

Present:
Joseph Sikora - President			Deborah Giampolo - Vice President
Richard Ericson - Secretary		Joselph Palladino - Treasurer
Warren Johnson - Director			Charles Wimberly - Director
Barry Towers - Director			

Representing Elite Management: Frank Goeckler

Call to Order:  President Sikora called the Annual Meeting to order at 7:40  p.m.  

Frank Goeckler read and presented the attached Proof of Notice of Annual Meeting affirming that notification was proprerly mailed on December 6, 2005, the required 10 days prior to the meeting. 

Mr. Goeckler introduced the Board of Directors.

Approval of the minutes: The President read the minutes for the Annual Meeting of December 15, 2004.  A motion to approve them was seconded and the minutes were unanimously approved.  

Reports by the Officers:
President Sikora reported that the present Board had served since July 2004 with the exception of Treasurer Joe Palladino and Directors Barry Towers and Charles Wimberly.  He lauded Director Johnson for the work he and his committee did in rewriting the  conservancy documents The amended Declaration and revised By Laws have been approved and filed, leaving the association in far better shape than previous years.  

President Sikora pointed out that much had been done to repair the pool faclities, and more is to be done next year. Our contractors are generally in place, pool contractors chosen, and the meeting house is scheduled to be repaired.  

President Sikora stated that If there is any concern, it is the lack of participation of other unit owners in the governance of Walden Woods.  He pointed out that those present would be voting in new Board members this evening, and it appeared that the existing Board is standing unopposed.  President Sikora expressed his concern that because the current members must necessarily move on, there is a need for new volunteers and expanded participation.  

President  Sikora thanked all the Board members, and thanked the committee chairmen and members, including the Recreation Committee for its sponsorship of association social functions.  He acknowledged that the association now has a full time Property Mananger in Frank Goeckler. 

Budget Ratification:  The 2006 Conservancy Budget was presented for ratification. The budget was ratified with an affirmative vote by 16 unit owners in attendance.  There were no negative unit owner votes by those in attendance, and 13 proxies were voted in favor. 

Board of Directors Elections:  All of the officers present were re-elected.  

There being no addtional Unfinished Business or New Business, it was moved, seconded and voted affrimatively at 8:00  p.m. to adjorn.  

Respectfully submitted,

_______________________		January 2, 2006
Richard G. Ericson, Secretary

APPROVED

____________________			_______________
Joseph Sikora - President				Date