November 3rd BOD Meeting Recap

Somersett United
Somersett United

The SOA Board of Directors (BOD) held their bi-monthly meeting at The Club at Town Center (TCTC) on November 3, the agenda for which may be accessed by clicking on the following: November 3 BOD Meeting Agenda.

 A recap on some of the more significant agenda items follow:

6 a) Litigation Items – The BOD identified the following as unresolved litigation issues before the BOD:

  1. The Complaint action against the previous Developer controlled BOD citing violations of law associated with the current SGCC Lease Agreement, after much delay, has been officially filed by the Nevada Attorney General’s office. The Complaint may be accessed by clicking on the following:  Case No. IN-12-1581.  However, the complaint will not be prosecuted before the Nevada Real Estate Commission during the November Hearings as stated in the Complaint; rather it has been withdrawn for continuance to the March Hearings.
  2. A lawsuit has been filed against the BOD alleging the CC&R Amendment voting process was unlawfully conducted. Early stages, nothing to report on.
  3. CC&R issues associated with Northgate owners, who expanded their property by purchasing adjacent land formerly part of the Northgate golf course, is still open. This is a carryover from the previous Developer BOD with no resolution to report on.
  4. The Association has been named party to a homeowner lawsuit in a Chapter 40 construction defect against the builder.

6 c) Town Square Lot Purchase – The BOD voted to purchase the lot adjacent to the Town Square retail buildings for $250K. Funds are available within the Association to cover the purchase.  No current plans on use of the property, which is being bought for future amenity expansion. Some discussion as to what budget the funds would be coming from and whether not it would be Common Area (accessible by Sierra Canyon residents) or TCTC area (non-accessible by Sierra Canyon).

7 d) 2015 Budget and Special Projects – The BOD voted to approve the Association’s 2015 Budget, which is being mailed to all homeowners for ratification.

7 e) CC&R Amendment  –  In response to the complaint action brought against the BOD  with regard to the CC&R Amendment vote, the BOD voted to accept the results of the vote and move forward with its implementation.

7 f) SGCC Due Diligence Work  –  The BOD voted to expend funds (third party contracts) to support the following due diligence activities: 1) boundary line surveys, 2) non-evasive environmental reviews, and 3) water rights permit reviews.  These are not expected to be significant cost items.

7 l) Canyon9 Maintenance Contract – The only bid received for this contract was from the Somersett Country Club, who has maintained the course since its inception. Bid was for $300K, which was considered compatible with past bids and therefore accepted.  A difference from past contracts is that it was for one year only instead of three and not tied to the number of homeowner units.