PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

MARCH 13, 2002

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:05 p.m. by President Jason Johnson. Also present were Board member Mark Kramer (Vice President) and John O'Connor of Pristine Communities, Inc. President Johnson noted there was not a quorum and proceeded with the first agenda item. Board members Mark Richards and Clyde Simmons (Treasurer) joined the meeting in progress, and President Johnson noted there was now a quorum. Board members Sheila Haulter and Al Holowinski were absent.

LANDSCAPING HEARING

Mr. O'Connor reviewed for the board the background of this Satsuma landscaping violation situation. The owner had been requested to appear at the meeting and was present. He stated his appreciation to provide the board with details regarding this matter.

After discussion, motion was made, seconded and passed unanimously to request that the owner contact his landscape contractor and respond to the board in writing with a start date, and a completion date on or before June 15. This information should be provided to the board by the next board meeting, April 10, 2002. If the owner fails to communicate the requested information, or if the landscaping is not completed in accordance with approved plans by June 15, 2002, current fines will remain in place and the matter will be referred to the association's attorney for action.

The owner thanked the board for its consideration and advised he would be responding in writing with the requested information.

HOMEOWNERS FORUM

Owner Mildred Simmons advised the board that Players Club Estates had approved funds for common area landscaping. The neighbors on either side of the common area have agreed to tap feeds, and Players Club Estates will reimburse them for water usage.

The homeowners forum was closed.

APPROVAL OF FEBRUARY 13, 2002, MINUTES

Motion to approve the February 13, 2002, minutes was made, seconded, and passed unanimously. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the February 2002 financial statements, as follows:
- Income year-to-date $24,700 budgeted $24,400 actual
- Operating expense year-to-date $14,200 budgeted $ 9,700 actual
- Net operating income year-to-date $10,500 budgeted $14,700 actual

In response to a question about the difference between budgeted and actual operating expenses, Mr. O'Connor noted actual expenses are simply under budget in most categories. It was also noted that a CD expires this month and will be renewed through October 2002.

OLD BUSINESS

Mount Royal Drive Completion Status-Mr. O'Connor noted that the board had received, as requested, a schedule for completion of the Mount Royal Drive residence.

Homeowner Directory-Mr. O'Connor advised the board that the St. Andrews' board was not in favor of being a part of the directory. He also stated that a form had been prepared by Mildred Simmons, which had been submitted to legal counsel for review. He specifically noted the signature line that would need to be signed to release the information for use in the directory.

Ms. Simmons provided the board with details concerning this project, including a sample directory currently in use by Perry Park subdivision. The directory contains Castle Rock advertising and homeowners pay $2.00 for each directory, which together covers the cost of printing.

It was requested that Ms. Simmons invite Diane Jauck, who prepared the Perry Park directory, to the next board meeting. Mr. O'Connor will also invite a representative from each of the sub-associations to attend as well. The board asked that Ms. Jauck bring copies of the directory to distribute to the board and sub?association representatives.

NEW BUSINESS

Town of Castle Rock 2020 Comprehensive Master Plan-Mr. O'Connor reported that he had received a copy of the master plan, which is available for review. He commented that the plan contains very general information, and the most significant point is improving the process for approving plans and development.

Open Board Position-Mr. O'Connor noted there is an open board position due to the resignation of Bobbie Van Horn. He advised that several people had indicated an interest in being considered for this board appointment. The board discussed the fact that Champions Court, Ironwood and Players Club Villas do not currently have a representative on the master association board. Mr. O'Connor was asked to contact these sub-association boards for candidates for this board appointment and request their attendance at the next board meeting.

ADJOURNMENT

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

NEXT BOARD MEETING-Wednesday, April 10, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.