PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

July 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 (Vice President), Sheila Haulter, Al Holowinski (Treasurer), Jason Johnson, and Clyde Simmons (Secretary), as well as John O'Connor of Pristine Communities, Inc. Board member Michael Ford was absent. President Kramer noted there was a quorum.

HOMEOWNERS FORUM

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

APPROVAL OF JUNE 11, 2003, MINUTES

Motion was made, seconded, and passed unanimously to approve the June 11, 2003, minutes. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the June 2003 financial statements, as follows:
- Income year-to-date $ 65,300 budgeted $ 65,000 actual
- Operating expense year-to-date $ 66,400 budgeted $ 54,400 actual
- Net operating income (loss) year-to-date $ (1,100) budgeted $ 10,600 actual

Mr. O'Connor noted that the only significant operating budget variance during the month of June was the purchase of flowers at a cost of $17,000 in comparison to a budgeted figure of $10,000.

Mr. O'Connor also reviewed for the board the status of several delinquencies.

OLD BUSINESS

Landscape Violation on Satsuma Place-Mr. O'Connor reported that he had received a landscaping plan from this owner, with completion scheduled by July 31. He noted that if landscaping was not completed by that date, fines would be imposed effective August 1.

Water Feature-Mr. O'Connor reported that final payment had been made to the contractor for this work. Several board members noted receiving a number of good comments. Mr. O'Connor also noted some very positive comments from non-residents as well. It was suggested again that an article be placed in the local papers upon completion of this project.

Discussion was held concerning adding additional "rock" underneath the flat rock to make it seem more natural-looking. Mr. O'Connor was requested to obtain a bid for this additional work.

Discussion was also held regarding the additional $7,000 expenditure on flowers for the year. Motion was made, seconded, and passed unanimously to approve this additional expense.

It was also noted that only Mr. O'Connor should give direction to Douglas County Maintenance, or any other contractor providing services, on behalf of the association.

Plum Creek Directory-Mr. Fife updated the board on his meeting with Diane Jaunk and a discussion with owner Mildred Simmons. Based on those conversations, it was concluded that the master association would not pursue this project; rather, sub-associations could put together directories if they want one.

Board Meeting Sign-Mr. O'Connor advised he had ordered a two-sided sign as requested and indicated it would be ready next month. It was suggested that an additional sign be ordered as well. Motion was made, seconded, and passed unanimously to order a second sign and for Mr. Fife to be in charge of placing both signs.

Street Signs-Mr. O'Connor advised that the street sign project was halfway done.

NEW BUSINESS

Complaint Letter-Mr. O'Connor reviewed for the board the issues raised in a letter regarding alleged violations at a Cherry Plum Way residence. Detailed discussion was held on this matter, including comments by board members who had personally viewed the residence in question. Mr. O'Connor was requested to respond to the letter per the board's discussion. In addition, he will monitor the residence to determine if any violations occur in the future.

Handwritten Signs-Mr. O'Connor noted handwritten signs had been posted throughout the area. The signs related to an upcoming meeting by the planning commission regarding Plum Creek Highland sub association open space issues. Ms. Haulter stated she would attend the meeting and the board requested a report at the next board meeting. Mr. O'Connor advised the signs would be removed after the meeting was held.

ADJOURNMENT

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

NEXT MEETING-Wednesday, August 13, 2003, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.