Meeting called to order at 12:11 MST.

Directors in attendance: Sharyn, Vic, Duane, Sheila, Dale (via Skype), Rhonda (viatelephone)

1. Choice of realtor.

Dale reviewed the recommended starting list prices for the 3 realtors. 

Century 21 Executives Realty Ltd. – Sabina Frankland; $649,000 for immediate sale. Vernon Alliance Realty Ltd.- Grace Urquhart; $800,000 to $825,000. 

Coldwell Banker Horizon Realty – Jane Hoffman (Comparative Market Analysis prepared by James Hache); $850,000 to $900,000. 

Considerations mentioned during discussion about asking price:

-properties that don’t sell over a period of time can have a stigma attached

-nature of the market: It is a buyer’s market. Perhaps it will take time to get the price we want.

-we are not in a position where we have to sell.

-even though Grace Urquhart indicated that selling prices have come down a bit over the past year, it was acknowledged that the property is of high value, given that it is lakefront and though it may take longer to get the price we want, it is worth the wait.

-Dale reiterated that Grace has excellent skills for matching the right buyer with the property and the seller.

-Dale clarified that Jane Hoffman has a team that works under her. This is why the Coldwell Banker Horizon Realty proposal was prepared by James Hache.

-Dale also mentioned that among the three realtors, Jane Hoffman is the heaviest into use of technology. She uses Facebook as well as MLS.

-Jane also gave a positive slant on the market.

We need to plan for:

-element of negotiation regarding selling price

-plan for how and when to lower the price

Motion: Duane: Moved that we go with Grace Urquhart of VAR with an asking price of $899,999.00. Seconded: Sheila. Motion carried unanimously.

Motion: Duane: We will let the asking price remain the same for a minimum of 3 months. Seconded: Sheila Motion carried unanimously.

Motion: Vic: The listing will commence as soon as it is signed and will expire on June 30. We will meet on June 17, 2014 at 5:15PM MDT, unless otherwise agreed, to review the status of the sale. Seconded: Duane Motion carried unanimously.

2. We need a special resolution to decide who can sign the offer.

Motion: Vic: The listing agreement and any purchase offer may be signed by Dale and any other director with the approval of all the directors. Signing in this fashion shall bind the corporation. Seconded: Sharyn (It is acceptable that these documents be signed and scanned, then sent via email.)

Motion passed unanimously.

3. Easter work bee plans and who will be attending.

Sharyn, Sheila and Vic expressed interest in attending. Duane is not sure if he will be able.

Goal : to make it look the best we can (yard and cabin)

Possibilities:

-brush, gutters, roof

-clear out boathouse

-staining walkway and front deck. Walkway has never been stained. Front deck would need power washer prior to painting. Dale will look into borrowing a power washer. If he can’t get it, Vic could bring his out.

-swing needs to be removed.

– possibly remove facing on beams in preparation for having a pest company come out and spray.

Our goal is to present the cabin in as uncluttered a fashion as possible.

Sheila to make Easter work bee list of possibilities discussed and will initiate discussion of priorities and assignment of responsibilities. There is a possibility of carpooling.

We acknowledged that during the summer, whoever is staying at the cabin will be responsible to ensure that the cabin is tidy and presentable when showings are

scheduled.

Clarification: Spiral staircase is not unsafe. It does not need to be replaced.

Meeting adjourned at 1 :53 pm.

Minutes submitted by Sheila, Saturday, AprilS, 2014