PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
www.plumcreekhoa.com
FEBRUARY 9, 2005

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:00 p.m. by John O'Connor of Pristine Communities, Inc. Also present were Board members Ross Fife, Tom Flenner, Christine Foote, Al Holowinski, Jason Johnson, Mark Kramer and Dave Watts. Mr. O'Connor noted there was a full quorum.

ELECTION OF OFFICERS

The following board officers for 2005 were elected:

President Jason Johnson
Vice President Tom Flenner
Treasurer Mark Kramer
Secretary Christine Foote

It was noted that the minutes of the January 12, 2005, annual meeting would be reviewed by the board and approved at the 2006 annual meeting.

President Johnson chaired the remainder of the meeting.

APPROVAL OF NOVEMBER 10, 2004, MINUTES

Motion was made, seconded, and passed unanimously to approve the November 10, 2004, minutes, as presented. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the January 2005 financial statements, as follows:
- Income year-to-date $ 11,653 budgeted $ 12,412 actual
- Operating expense year-to-date $ 6,983 budgeted $ 5,847 actual
- Net operating income year-to-date $ 4,670 budgeted $ 6,565 actual

Mr. O'Connor also reviewed for the board the status of several delinquencies.

OLD BUSINESS

Pilot Project for Netafin Irrigation System-Mr. O'Connor reviewed for the board the proposal to do a pilot project for the Netafin irrigation system, which would be placed under the sod in one zone only. The monitored results will enable the board to evaluate the future replacement of the entire current irrigation system. Discussion was held and Mr. O'Connor responded to several questions from the board. It was noted that Douglas County Maintenance and Repair (DCMR) had submitted a bid for the pilot project installation and the board voiced its consensus that DCMR would provide a quality job at a fair price. President Johnson noted that a committee would be appointed to work with DCMR on this project. As additional due diligence, Mr. O'Connor was requested to determine if there was a comparable product on the market, and also to clarify if the system could be placed under flowerbeds. He was also asked to contact the Town of Castle Rock regarding their level of interest in participating with Plum Creek in the installation costs of the Netafin irrigation system.

Motion was made, seconded, and passed unanimously to approve the Netafin pilot project, with the request to obtain a second bid for the installation prior to beginning any work.

Pet Pick-up Stations-Mr. O'Connor reported that two new pet pick-up stations had been installed along Mount Royal Drive.

Appreciation Gift-Mr. Johnson reported that he had not yet been able to locate the desired type of appreciation gift (with a "plum" motif) that had been previously discussed. He will continue to try to obtain such an item to use as a board "thank you" gift.

NEW BUSINESS

Modify Bylaws on Quorum Percentage-Mr. O'Connor advised the board that Rich Johnston, association counsel, would prepare an amendment to the bylaws for consideration by the board. This amendment would modify, from 25% to 10%, the quorum percentage of homeowners required to be present and/or represented by proxy in order to hold the annual meeting.

At the March 9, 2005, meeting, the board will discuss this amendment to the bylaws. These February 9 minutes will be posted on the website in their draft form to serve as notice to homeowners regarding this proposed amendment.

Website-It was noted that the link problem on the website had been corrected. It was also noted that the association bylaws, which are not in electronic form, would be scanned and posted on the website.

Reimbursement for Median Damages-Mr. O'Connor reported that Advanced Concrete Construction, Inc. had reimbursed the association for damages to the median while working for the Town of Castle Rock. It was noted that Mr. O'Connor sent a letter of thanks to the Town for their assistance in securing this payment.

Trains-A question was raised concerning the types of trains and cargo that pass through Plum Creek and Castle Rock. Mr. O'Connor responded that 95% of trains were coal trains. He added that in the event of an accident, authorities have a "reverse 911" system in place to notify area residents of any impending danger.

ADJOURNMENT

At 7:45 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, March 9, 2005, at 7:00 p.m. at Philip S. Miller Library, 100 South Wilcox Street.