Chair Gene Wunderlich called the regularly scheduled meeting of the Board of Directors of the Southwest Riverside County Association of Realtors®, Inc. to order at 8:33 a.m.  The meeting was held in the upstairs conference room at the Association office in Murrieta.

Gene Wunderlich, , Wes Ives, Frank Galante, Marjo Wood, Paula Clark, Dave Lynch, Howard Dellsite, Shannon Braly, Lisa Neugebauer, Roger Hageman, Connie Lynch, AEVP.  EXCUSED: Karen Nelson, Gary Crutchley and Marsha Swanson.

A motion was made, seconded and carried to accept the consent agenda for April 7, 2008 as presented.

Chairman Wunderlich provided an update on the Mortgage Fraud Task Force meeting with Attorney June Barlow of the California Association of REALTORS®, to obtain state resources to abolish mortgage fraud.   

A motion was made, seconded and carried to ratify the decision to approve the resignation of Nancy Donahue-Jones, CEO, effective immediately.

A motion was made, seconded and carried to appoint Joe McGowan as a member of the Board of Directors, serving the remainder of the year 2008.  It was noted that the Chairman asked Directors to consider Joe McGowan as a candidate for consideration as a replacement director.  Discussion was also held to suspend the AE Search until further notice.

Chair-elect Ives indicated no report at this time.

Frank Galante sitting in for CFO Crutchley indicated he would do his report under New Business.

The Status Action Report (SAR) was reviewed and a revised copy has been attached to these minutes.

A motion was made, seconded and carried to approve the Joint Finance recommendations as follows:

• Approve the Preliminary Financial Reports (with the check registers) for SRCAR, dated February 2008;
• Approve the Bank Balance Report as of March 24, 2008;
• A motion was made, seconded and carried to approve a donation of $540.00 (50/50) to the Special Olympics, per the recommendations of the Committee;
• A motion was made, seconded and carried to approve a donation of $1000.00 (50/50) to Michelle’s Place (The Woman’s Breast Cancer Resource Center), per the recommendations of the Committee;
• A motion was made, seconded and carried to approve a donation of $500.00 for the California Association of REALTORS® 3RD Annual Golf Classic benefiting, HAF - Housing Affordability Fund, per the recommendations of the Committee.

The next scheduled meeting of the Board of Directors for the Southwest Riverside County Association of REALTORS® will be held on Monday, May 5, 2008 at 8:30 a.m. in the upstairs conference room in Murrieta.

There being for further business, the meeting adjourned at 9:36 a.m.