PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

March 12, 2003

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:00 p.m. by President Mark Kramer. Also present were Board members Ross Fife, Sheila Haulter, Al Holowinski, Jason Johnson, and Clyde Simmons. Also present was John O'Connor of Pristine Communities, Inc. President Kramer noted there was a full quorum.

HOMEOWNERS FORUM

The following homeowner issues were discussed.

A Champion Circle residence has been under construction for an extended period of time without completion and appears headed for foreclosure. Mr. O'Connor requested that he be kept apprised of the ownership status of this home.

Plum Creek area street signs were discussed. Original signs were wooden; replacement signs are now aluminum. Mr. O'Connor explained that cost is the factor in replacing wooden signs ($565 each) with aluminum signs ($145 each). Mr. O'Connor was requested to obtain bids for various type street signs and this item will be discussed further at the next meeting.

A homeowner had not received the survey regarding the water feature and wanted to voice their opinion in favor of Option 1.

A request was made that homeowners who attend the board meeting be provided a copy of the agenda.

The question was asked if U.S. Home exterior fences would be uniformly stained. Mr. O'Connor advised that the subdivision would be authorizing the expenditure for future staining of exterior fences.

The homeowners forum was closed.

PRESENTATION BY TOWN COUNCIL CANDIDATE

Dave Littler, a candidate for the Castle Rock Town Council, made a short presentation, answered questions, and provided the owners present with a bio sheet of his background and interest in serving on the council.

APPROVAL OF FEBRUARY 12, 2003, MINUTES

Motion was made, seconded, and passed unanimously to approve the February 12, 2003, minutes. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the February 2003 financial statements, as follows:
- Income year-to-date $ 24,300 budgeted $ 24,400 actual
- Operating expense year-to-date $ 10,800 budgeted $ 10,000 actual
- Net operating income year-to-date $ 13,500 budgeted $ 14,400 actual

Mr. O'Connor reviewed the list of seven delinquencies, one of which is now in foreclosure. He advised the board that the association would collect $150 on this account and the balance would be written off.

OLD BUSINESS

Results of Survey on Water Feature-Mr. O'Connor reported on the results of the survey, as follows: The survey was sent to 495 homeowners. Survey results were received by the deadline date of March 10 from 229 homeowners, which is a 46% response ratio. 91 owners preferred Option 1 to install a modified water feature ($28,000), 86 owners preferred Option 3 to xeriscape ($4,500), and 52 owners preferred Option 2 to plant annual and perennial flowers ($3,000).

Discussion was held by the board regarding these results and the water feature issue in general. Points covered included whether or not the association could afford this expenditure (yes, it would be fully paid out of reserve funds); and the fact that Option 1 would have recurring maintenance costs.

Motion was made and seconded to proceed with Option 1. The board vote was 3 yes and 3 no.

Additional discussion was held by the board regarding the three options. Mr. O'Connor noted that there was a timing issue in making this decision, both from a standpoint of following through on the survey results, as well as spring scheduling for work on the water feature. The question was raised about potential water restrictions by the Town of Castle Rock. Mr. O'Connor advised the board that he had met with three town department heads, who confirmed to him that there would not be any changes made in watering schedules for the Plum Creek area in 2003. Based on this new information, President Kramer stated he would be willing to change his vote against the motion.

Motion was again made and seconded to proceed with Option 1 to redesign the water feature and immediately obtain bids for the project. The board vote was 4 yes and 2 no.

Basketball Hoops-Mr. O'Connor reported that he had sent a letter regarding violation of the basketball hoop regulation. The owner had responded and the permanent fixture had been removed. Mr. O'Connor will send a thank you letter for the owner's timely cooperation.

NEW BUSINESS

Spraying Trees-Mr. O'Connor reviewed the proposal submitted by Swingle Tree & Lawn Care for spraying trees along the median strip on Plum Creek Boulevard.

Motion was made, seconded and passed unanimously to accept the Swingle proposal for spraying trees.

Refreshments at Annual Meeting-Mr. O'Connor was requested to obtain a bid from Plum Creek Country Club for providing refreshments at the annual meeting. This issue will be considered later in the year.

Landscape Contract-Mr. O'Connor reviewed the landscape contract submitted by Douglas County Maintenance. He noted that it was identical to the past season. He also noted that the cost would be modified based on actual cuttings, which may be less this year because of the water issue.

Motion was made, seconded and passed unanimously to accept the Douglas County Maintenance landscape contract.

Flower Contract-Mr. O'Connor reviewed the flower contract submitted by Douglas County Maintenance. He noted that it was identical to the past season. Discussion was held concerning planting annuals vs. perennials.

Motion was made, seconded and passed unanimously to modify the Douglas County Maintenance flower contract to provide 50% perennials and 50% annuals at the front entrance, with the other areas to be annuals.

It was suggested that Bobbie Van Horn be asked to oversee the flower planting project.

Vacant Board Seat-It was noted that Michael Ford had indicated his interest in serving on the board.

Motion was made, seconded and passed unanimously to appoint Mr. Ford to the board.

Crowned Sod Areas-Mr. O'Connor was requested to obtain a bid from Douglas County Maintenance to remove one foot of crowned sod areas along the median curbs and install river rock to minimize water run-off.

ADJOURNMENT

At 8:00 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, April 9, 2003, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.