PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

JUNE 12, 2002

CALL TO ORDER & VERIFICATION OF QUORUM

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

APPROVAL OF MAY 8, 2002, MINUTES

Motion was made, seconded, and passed unanimously to approve the May 8, 2002, minutes. The minutes will be posted on the website.

HOMEOWNERS FORUM

Players Club Estates ARC Issue-Tim Moreland provided the board with background information on this issue concerning his request for approval of a revised plan and the Architectural Review Committee's recommendation to proceed with the original approved plan. Mildred Simmons, on behalf of the sub association, stated their support for Mr. Moreland's revised request. Mr. O'Connor made additional comments relating to the history of this construction issue. The board responded that the ARC is appointed by the board to act on these matters and, as such, the board does not intervene or direct their decisions. The board suggested that Mr. Moreland resubmit his request with a written statement of support from the sub association and pursue resolution of this matter.

Flower Planting-Ms. Simmons asked the board to consider planting perennials versus annuals next year. The board responded that they plan to do so.

Communication Format-Ms. Simmons raised the question again if automatic e-mail notifications could be sent to all homeowners regarding minutes, new postings to the website, etc.; or if the board would consider mailing copies of the minutes again. While neither of these options was felt by the board to be practical, it was recommended that anyone desiring a copy of the minutes contact Mr. O'Connor at 303 663-3615. Additionally, the website address will be noted on all minutes, notices, correspondence, etc. (see above).

Directory Update-Ms. Simmons updated the board on the status of the directory on behalf of Diane Jaunk, who was not able to attend the meeting. Representatives of each sub-association will be contacted regarding their interest in providing financial support for the printing of this initial directory. All addresses will be listed; however, postcards will be mailed to all homeowners in August, to complete and return with their authorization (or not) to list their name and phone number in the directory. The goal is to publish and distribute the directory in January 2003.

The homeowners forum was closed.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the May 2002 financial statements, as follows:
- Income year-to-date $54,000 budgeted $54,800 actual
- Operating expense year-to-date $40,800 budgeted $31,300 actual
- Net operating income year-to-date $13,200 budgeted $23,500 actual

Two questions were raised by board members regarding the financial statements, as follows:
- Why is there so large an amount in reserves? Mr. O'Connor explained that these funds cover repair of major capital items, such as the water feature and irrigation system. The amounts needed and held in reserve are based upon an independent reserve study, which is periodically updated.

- Why are funds in a money market account versus CDs? Mr. O'Connor explained that the money market funds are the monies paid in advance under the annual discount payment program. These are operating funds that will be used for expenses throughout the current year.

Mr. O'Connor reported on the two outstanding delinquencies, as follows:
- A judgment has been obtained on the Prestwick Way delinquency, and attorneys are researching avenues available to collect on the judgment.

- Payment in full has been made by the owner on the Newport Circle delinquency, which resolves this matter.

OLD BUSINESS

Status of Water Feature-Mr. O'Connor reported that the water has been shut off to the water feature. He stated that there are no short-term options, but considerations are the cost to do renovation at the current location or moving to another location (see item under New Business). Mr. O'Connor has had discussions with two companies regarding modifying the current location, and he hopes to have proposed costs by the next meeting.

Status of Median Renovation-Mr. O'Connor reported that Douglas County Maintenance would begin the project of removing and replacing various landscape elements, as approved by the board, by the third week in June. The project is expected to be completed by mid-July.

Standard Letter Form-As requested by the board, a standard letter form has been prepared by the association's attorney, Rich Johnston. The form references the section/article of the Declaration, Architectural Review Design Guidelines, or Rules and Regulations, which constitutes the violation.

It was noted, however, that with regard to the October Place repainting issue, this standard letter form would not be applicable. After discussion, it was determined to table this issue to the next meeting, with Mr. O'Connor reporting Mr. Johnston's recommendations on this matter.

NEW BUSINESS

Architectural Review Design Guidelines-Revised language has been suggested regarding Section 2.46 of the guidelines, which relates to approval of color and color combinations. After discussion, it was determined to table this issue to the next meeting.

Irrigation Leak Under Plum Creek Boulevard-Mr. O'Connor provided the board with background information on this matter, including the cost incurred of $4,500 to correct the problem.

Parking Issues-It was noted that concern has been raised by sub-associations regarding guest or visitor parking, as well as parking of trailers, boats, etc. The board stated its position that such enforcement is the responsibility of each individual sub-association. The suggestion was also made that sub associations place "Visitor Parking Only-Violators Will be Towed" signage where needed. Additional discussion was held regarding common language that could be included with sub-association rules and regulations concerning these parking issues.

Motion was made, seconded, and passed unanimously to authorize up to $200 for legal counsel to prepare appropriate common language for sub-association rules and regulations.

Water Feature Committee Report-Mr. And Mrs. Simmons made a presentation to the board regarding the entry sign relocation action plan. The board indicated its preference for one single sign located on the median strip on Plum Creek Boulevard, at an approximate cost of $5,000. The board also requested additional information regarding the approval process, as well as contacting sub-associations for their input. A meeting of the Water Feature Committee will be held prior to the next board meeting, at 6:00 p.m. The board expressed its thanks for their efforts.

Tree Stakes-The question was raised about removing tree stakes from mature trees. Mr. O'Connor said he would request Douglas County Maintenance to remove any such stakes from association property.

U.S. Home Fencing on Boulevard-The question was raised about the poor condition of the U.S. Home fencing on the boulevard. Mr. O'Connor advised that there is a new board in place and this issue was on their agenda for review/action. The board requested Mr. O'Connor report at the September meeting the status of this fencing issue.

Auto Dealership Issues-The question was raised about continued excessive noise from the auto dealership intercom system. It was noted that various issues, including signage, landscaping, visibility, lighting, as well as noise, have been raised to the Town Council in the past. The board requested Mr. O'Connor talk with Councilman Herb Teets and report at the next meeting.

ADJOURNMENT

At 8:35 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

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