Minutes: Board of Directors Meeting
Canterbury on the Lake
Property Owners Association, Ltd.
The 2025 full year meeting schedule (subject to change) is located on the Canterbury Website:
https://sites.google.com/view/canterburyonthelakebeta/meeting-minutes-2022/2022-poa-
meeting-schedule
Meeting Time and Location:
March 13, 2025 @ 7 pm
Epworth United Methodist Church
60 Merriman Way, Moneta VA 24121
(Corner of Rt122 & Merriman Way)
and
Virtual meeting using “Zoom
Attendees:
Board of Directors :
In Person: Bruce Schechter, Don Short, Steve Lash
Via Zoom: None
Members:
In person: Carol and Makenzie Hodges, Bob Hoppe
Via Zoom: None
Meeting Minutes:
The Q1 meeting was called to order by Bruce Schechter, POA President @ 7:00 pm.
Opening remarks
o Bruce welcomed the attendees and announced that Mark Ingram had resigned from
the board following experiencing some health issues. He also announced that Steve
Lash would take over the role of treasurer. He also announced there was an opening
on the architectural review board.
Approve Q4 2024 Board Meeting Minutes
o Draft Q4 2024 COTL meeting minutes were emailed to Board members, as well
as posted to the COTL website for review. No changes or comments were noted
by the Board. Bruce entered a motion to approve the meeting minutes. Don
seconded the motion. The motion was unanimously passed. Bruce stated he will
post these to the website as approved.
Treasurers Report
| 3/13/2024 | Checking | Savings | Reserve | |
|---|---|---|---|---|
| Opening Balance | 12/31/2024 | $3,753.73 | $956.83 | $5,821.15 |
| Current Balance | 3/13/2025 | $9,982.46 | $956.83 | $5,821.15 |
2024 Budget
| Full Year Budget | YTD Paid | YTD Budget Balance | ||
|---|---|---|---|---|
| Insurance | $2,000.00 | $0.00 | $2,000.00 | |
| Mowing | $1,500.00 | $0.00 | $1,500.00 | |
| Legal | $500.00 | $0.00 | $500.00 | |
| Capital Reserve | $4,000.00 | $0.00 | $4,000.00 | |
| PO & Admin/Fees | $500.00 | $0.00 | $500.00 | |
| Electric | $200.00 | $21.27 | $178.73 | |
| POA Meeting | $245.00 | $0.00 | $245.00 | |
| CICB fee | $25.00 | $0.00 | $25.00 | |
| SCC | $30.00 | $0.00 | $0.00 | |
| Common Area | $2,500.00 | $0.00 | $2,500.00 |
2025 Budget
| Number of Lots | 46 |
|---|---|
| Annual Dues per lot | 250 |
| Total Annual Dues | 1500 |
Detail
| Description | Amount |
|---|---|
| Insurance | $2,000.00 |
| Mowing/Landscape | $1,500.00 |
| Legal | $500.00 |
| Capital Reserve | $4,000.00 |
| PO & Admin/Fees | $500.00 |
| Electric | $200.00 |
| POA Meeting | $245.00 |
| CICB fee | $30.00 |
| SCC | $25.00 |
| Common Area Maint. | $2,500.00 |
| TOTAL | $11,500.00 |
*Lot 10 Secton 2 is owned by a tax exempt Not
for Proft Org.
Bruce commented that our funds have increased, that we have already received 26 of the 45
payments of HOA fees for COTL, and we have more funds available for improving our common
area and community dock/party deck. It was also discussed that we may want to move more of
our funds into reserve and into savings. Bruce suggested that we consider moving $4,000.00 to
capital reserve funds once all membership dues are received. Bruce entered a motion to approve
the treasurer’s report and budget. Don seconded the motion. The motion was unanimously passed.
- Board of directors opening- We are recruiting for a volunteer to serve on the board.
- Architectural Review Committee opening- Carol volunteered to serve. Steve entered
a motion to approve her in this role. Don seconded the motion. The motion was
unanimously passed. - Common area and deck repairs: Billy has volunteered to spread gravel on the
driveway to the common dock area. - New Business; None
- Meeting Closure
o Bruce motioned to end the meeting and Don seconded this motion. The motion
was unanimously passed. The meeting was adjourned at 7:32 pm.