PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

February 13, 2002

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 Al Holowinski, Jason Johnson, Mark Kramer, and Clyde Simmons, as well as newly elected Board members Sheila Haulter and Mark Richards. Board member Bobbie Van Horn was absent. Mr. O'Connor acknowledged the board members present, welcomed the new board members, and noted there was a quorum.

ELECTION OF OFFICERS

The following board officers for 2002 were elected:

President Jason Johnson
Vice President Mark Kramer
Treasurer Clyde Simmons
Secretary Bobbie Van Horn

It was noted that the minutes of the January 9, 2002, annual meeting would be approved at the 2003 annual meeting.

HOMEOWNERS FORUM

There were no homeowner issues.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the January 2002 financial statements, as follows:
- Income year-to-date $12,300 budgeted $12,100 actual
- Operating expense year-to-date $ 9,500 budgeted $ 5,000 actual
- Net operating income year-to-date $ 2,800 budgeted $ 7,100 actual

Mr. O'Connor noted that no unusual expenses were incurred in January. He reported that 240 homeowners have participated in the annual payment discount program. The amount of discount was $8,000 budgeted compared to $7,200 actual, for an $800 positive budget variance.

Delinquencies-Mr. O'Connor provided a list of delinquencies as of January 31, 2002, which indicated those accounts that have been referred to the association's attorney for action.

OLD BUSINESS

Satsuma Landscaping Violation-After discussion, motion was made, seconded and passed unanimously to have Mr. O'Connor send a notice that the board recognizes that the owner has received the board's previous notice regarding fines effective November 15, 2001, and appreciates his written response. However, the board requests his appearance at the next board meeting with a schedule for completion and a contract for landscaping work. If the owner does not appear, the matter will be referred to the association's attorney for action.


Mount Royal Drive Completion Violation-After discussion, motion was made, seconded and passed unanimously to have Mr. O'Connor send a notice that the board requests a written schedule for completion of the home, including landscaping, by the next board meeting. Pending receipt of this schedule, the board would waive fines previously imposed due to completion of exterior requirements within a 30-day period of the original deadline given.

NEW BUSINESS

Private Street Conversion-Mr. O'Connor reported that the Pines Association had made application to the Town of Castle Rock to convert their private streets to public streets. The application was passed by a resolution of 5-1 to convert the streets. This issue will now need to be ratified by the sub-association homeowners, and the required signage, lighting and repair work is expected to be completed within 60 days.

The board recommended that if any other sub-association wants to pursue the process of changing their private streets to public streets, they should make application in the form of a letter to the Public Works Director. President Johnson stated that the Pines Association board would share the guideline information with interested parties.

Boulevard Landscaping-After discussion, the board agreed to appoint a two-person committee to meet with Duane Farnsworth of Douglas County Maintenance and Repair, Mr. O'Connor, and a representative of the Public Works Department. President Johnson requested the committee make a preliminary report to the board at the April board meeting.

Board members Mark Kramer and Bobbie Van Horn were appointed to the committee. Mr. Kramer requested they receive a clean copy of the original master plan for the boulevard landscaping, which Mr. O'Connor will provide.

It was noted that $20,000 is budgeted in 2002 for this item and the town should have no objections, as the landscaping would be low-growing shrubs.

The water feature issue was raised as it relates to the boulevard landscaping. Mr. O'Connor advised that Mr. Farnsworth has agreed to measure the water usage in the spring and evaluate the issue at that time (at no charge to the association). Mr. O'Connor added that any repairs to the water feature would come out of reserve funds, not operating funds.

Homeowner Directory-The suggestion was made to contact each sub-association for their owner roster for names and addresses; phone numbers would only be included if owners authorized their number to be listed. Additionally, homeowner Mildred Simmons has volunteered to collect information as needed. It was also noted that the association's attorney would be asked for his input on this matter. After discussion, it was determined to table any decision on this issue to the next board meeting.

Website-Mr. O'Connor advised the board that the suggestion had been made for sub-association board meeting times and locations to be listed on the association's website. The board had no objection to this request, and Mr. Kramer will add this information to the website at www.plumcreekhoa.com.

ADJOURNMENT

At 7:50 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT BOARD MEETING-Wednesday, March 13, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.