PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

April 9, 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, Michael Ford, Al Holowinski, Jason Johnson, and Clyde Simmons; as well as John O'Connor of Pristine Communities, Inc. Board member Sheila Haulter was absent. President Kramer welcomed Mr. Ford to the board and noted there was a quorum.

TOKEN OF APPRECIATION FOR DUANE FARNSWORTH

The board conveyed their thanks and a token of their appreciation for the efforts and good work "above and beyond" performed by Duane Farnsworth of Douglas County Maintenance.

HOMEOWNERS FORUM

The suggestion was made that future election candidates be invited to a "candidates night" and homeowners notified in advance so they may attend. It was also suggested that the newly elected council member for District 3, Doug Lehnen, who is a resident of Plum Creek, be invited to the next annual meeting.

The homeowners forum was closed.

APPROVAL OF MARCH 12, 2003, MINUTES

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

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the March 2003 financial statements, as follows:
- Income year-to-date $ 28,900 budgeted $ 28,600 actual
- Operating expense year-to-date $ 14,200 budgeted $ 13,600 actual
- Net operating income year-to-date $ 14,700 budgeted $ 15,000 actual

Mr. O'Connor noted that income for the first quarter has been adjusted for discounts. He also noted that expenses include snow removal costs of the recent snowstorm of $700. He added that there were no significant budget variances experienced during the month of March.

OLD BUSINESS

Frames for Street Signs-Mr. O'Connor provided the board with an overview of the two bids to fabricate frames for all street signs within the area managed by the association. He noted that this cost would be paid out of reserve funds.

After discussion, motion was made, seconded and passed unanimously to accept the J. P. Welding bid for the street sign project.

Mr. O'Connor stated that the sign frames should be installed within the next 30 days.


Installing Gravel Along Curb of Median-Mr. O'Connor provided the board with an overview of the proposed project to remove portions of crowned sod areas along the median curbs and install river rock to minimize water run-off. He advised the board that the sprinkler heads are located along the curb and asked the board for direction on whether or not to move the sprinkler heads during this proposed project. The board requested Mr. O'Connor to obtain a bid from Douglas County Maintenance based on not moving the sprinkler heads.

October Place Residence-Mr. O'Connor advised there is an April 25 deadline to provide plans to the Architectural Review Committee. He added that a hearing would be scheduled next month if plans were not timely received.

NEW BUSINESS

Proposals for Remodeling Water Feature-Mr. O'Connor provided the board with an overview of the three bids to remodel the water feature. He noted that two bids were for identical work, and one bid included some additional features. After discussion, the board requested Mr. O'Connor to obtain similar bids from the two companies for the additional features. Upon receipt of this new information, Mr. O'Connor will canvas the board and a decision will be made regarding accepting one of the three bids to commence work on this project.

Champions Circle Residence-An update was provided on the status of this uncompleted residence.

Flower Committee Representative-After a brief discussion on the flower project, President Kramer, Mr. Johnson and homeowner Mildred Simmons volunteered for this assignment.

New Development at Plum Creek Parkway and Plum Creek Boulevard-Mr. O'Connor advised the board of a new development to be located at the southeast corner of this intersection. Century Communities will construct 200 townhomes (2-story units with garages underneath) with a projected sales price of $190 200,000. Plans are expected to be presented to the Planning Commission in July.

Drain Needed-Mr. O'Connor was requested to ask the Utility Department to install a drain at Champions Court.

Snow Route Signs-The question was asked if additional snow route signs could be placed along Mount Royal Drive. Mr. O'Connor responded that this street was not classified as a snow route.

Crystal Valley Ranch Construction-It was noted that Centex has its first two models under construction.

ADJOURNMENT

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

NEXT MEETING-Wednesday, May 14, 2003, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.