PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
MAY 12, 2004

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:00 p.m. by President Ross Fife. Also present were Board members Jason Johnson (Vice President), Mark Kramer and Dave Watts, as well as John O'Connor of Pristine Communities, Inc. Board members Tom Flenner (Secretary) and Al Holowinski (Treasurer) were absent. President Fife noted there was a quorum.

HOMEOWNERS FORUM

No owners were present, so a homeowners forum was not held.

PRESENTATION

President Fife introduced Diane Jauch, who described her services of preparing, mailing and maintaining a directory of all homeowners within a covenant-controlled community. Ms. Jauch indicated that the only cost to be incurred by Plum Creek Master Association would be the cost of postage for the initial survey to all homeowners. The cost of printing and distribution is underwritten by the sale of advertisements in the directory. Ms. Jauch stated that the ideal time to distribute the first edition of the directory would be in January 2005.

Motion was made, seconded, and passed unanimously to cover the cost of postage for the initial survey and to go forward with the publication of the directory.

APPROVAL OF APRIL 14, 2004, MINUTES

Motion was made, seconded, and passed unanimously to approve the April 14, 2004, minutes, as presented. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the April 2004 financial statements, as follows:
- Income year-to-date $ 39,980 budgeted $ 40,993 actual
- Operating expense year-to-date $ 27,333 budgeted $ 18,608 actual
- Net operating income year-to-date $ 12,647 budgeted $ 22,385 actual

Mr. O'Connor also reviewed with the board the status of several delinquencies and foreclosures.

OLD BUSINESS

Vacant Board Position-Mr. O'Connor reported that he had contacted the Players Club Villas Association seeking a replacement for the board position vacated by Sheila Haulter. Players Club Villas has been unable to identify a replacement to fill that position.

NEW BUSINESS

Landscape Issues-President Fife inquired about the landscape maintenance of the area between the old library and the golf course maintenance facility. Mr. O'Connor commented that the property in question is owned by the Town of Castle Rock but is maintained by the Association. The area is native grass rather than sod and is not irrigated. Douglas County Maintenance has been instructed to mow the native grass once each month.


Plum Creek Boulevard-Mr. Kramer indicated that the barricades at the south end of Plum Creek Boulevard had been turned over and need to be replaced. Mr. O'Connor was instructed to contact Bob Watts, Director of Public Works for the Town of Castle Rock, to replace the barricades to their original position.

Flower Planting-The board received a status report from Douglas County Maintenance that evaluated the anticipated mortality rate of the perennial flowers that were planted last year, recommendations for replacement of perennials, and also the annual species to be planted this year. Mr. Johnson recommended that 25% of the flowers purchased this year be perennials and he volunteered to serve as the board liaison on decisions about flowers.

Artificial Turf-Mr. O'Connor indicated that he had received several inquiries from homeowners regarding the use of artificial turf because of the drought situation.

After review and discussion, motion was made, seconded, and passed unanimously to approve the use of artificial turf in backyards of homes within Plum Creek Master Association. Use of such material will be subject to prior written approval from the Architectural Control Committee, which will evaluate the type of requested material prior to such approval.

Replacement of Retaining Wall-The board received a bid proposal from Temple Ventures for the removal and replacement of the retaining wall at the southeast corner of Plum Creek Boulevard and Plum Creek Parkway. The retaining wall on the opposite side of the intersection was replaced during 2003.

Motion was made, seconded, and passed unanimously to approve the bid proposal submitted by Temple Ventures in the amount of $17,000. This project will begin in early July 2004.

ADJOURNMENT

At 8:15 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, June 9, 2004, 7:00 p.m. at Philip S. Miller Library, 100 South Wilcox Street, Wells Fargo Room.