The Lake Panorama Association Board of Directors met Oct. 22, 2024, at 5 p.m. at the Lake Panorama Association Office. Board members in attendance were David Finneseth, Dennis Flanery, Mark Jorgensen, Sue Thompson, Rachel Waldo, Dirk Westercamp and Jackson Whiton.
LPA Staff in attendance: Danna Krambeer, Corey Larsen, Lane Rumelhart, John Rutledge.
LPN Staff in attendance: Royce Shaffer
Visitors in attendance: Brian Johnson and Howard Natzel, LPA members.
President Finneseth called the meeting to order at 5 p.m.
Agenda Item 1 – Approval of the Agenda
Rutledge added the LPN, LLC 2025 Operational and Capital Budget to the agenda.
Waldo moved to approve the agenda as amended. Motion second, carried unanimously.
No conflicts of interest were disclosed by the Board of Directors regarding agenda items.
Agenda Item 2 – Open Forum – Howard Natzel addressed the Board regarding several topics.
Agenda Item 3 – Consent Agenda
Waldo moved to approve the consent agenda. Motion second, carried unanimously.
Consent agenda to include:
a) LPA General Manager’s Report
b) Approval of minutes from 09.24.2024 LPA Board Meeting
c) Acceptance of the 09.30.2024 LPA LPN Consolidated Financial Statement
d) Set date for next two board meetings 11.26.2024 and 12.17.2024
e) Accept minutes from the 09.23.2024 LPN, LLC Board of Managers meeting
f) Approval of the minutes from the 10.15.2024 LPA Special Meeting
Agenda Item 4a – Treasurer’s report
Flanery reported he had met with Krambeer and reviewed the financial statements, checking accounts, and credit card statements for September. Flanery reported no issues or concerns.
Agenda Item 4b – Land Sales – Lot 3664 – 4792 Panorama Drive
LPA received an offer from Sunset Realty, buyer Scott Frederickson, for purchase of Lot 3664. Land Sales Committee recommends sale price of $40,000, sale contingent on acceptable perc test.
Flanery moved to approve the sale of lot 3664 for sale price of $40,000 to Scott Frederickson, contingent on acceptable perc. Motion second, carried unanimously.
Agenda Item 4c – Land Sales Lots 6179 & 6180 and 6170
Buyers withdrew offer prior to meeting.
Agenda Item 5 – Other Business – None
Agenda Item 6 – Closed Session
The board entered closed session at 5:20 p.m. to discuss legal matters and to review select, confidential components of the 2025 LPA and LPN budgets. Board exited closed session at 7:28 p.m.
Agenda Item 4d – 2025 LPA Operational Budget Review
Rutledge presented the proposed 2025 LPA Operational Budget and Capital Budget. Rutledge provided details and answered questions from the board regarding revenue and expenses. Budget includes dues increase of 5%, water rate increase of 5%, boat sticker increase $50 for boats over 10 HP to $250 per year, and camping increase of $200 for season camping and $100 for storage.
Agenda Item 4e – 2025 LPN, LLC 2025 Operational and Capital Budget
Royce Shaffer, Director of Operations, presented the proposed LPN Operational and Capital Budget, reviewing each department. Shaffer advised the LPA board of directors that the LPN board of managers was submitting the budget for LPA approval, noting final approval by the LPA board is required under the LPN, LLC Amended and Restated Operating Agreement. Shaffer provided detail and answered questions from the board.
Thompson moved to approve the 2025 LPA Operational and Capital Budget and 2025 LPN Operational and Capital Budget as presented. Motion second, motion carried.
Adjourn – With no further business, the meeting was adjourned at 7:29 p.m. n