PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

August 8, 2001

CALL TO ORDER

The meeting was called to order at 7:00 p.m. by President Mark Kramer. Also present were Board members Bobbie Van Horn (Vice President), Terry Fairley (Treasurer), Kim Rennecker (Secretary), Al Holowinski, Jason Johnson, and Clyde Simmons. Also present was John O'Connor of Pristine Communities, Inc.

VERIFICATION OF QUORUM

President Kramer acknowledged the Board members present and noted there was a quorum.

HOMEOWNERS FORUM

Mr. O'Connor advised the board that Ron Terborg, the St. Andrews Association homeowner board member, had been invited to attend this board meeting, but was not present. The board discussed at length several important issues concerning the St. Andrews Association.

Mr. O'Connor advised the board that Trimark was in violation of Colorado Revised Statue 38-33.3.303
( which is commonly referred to as CCIOA) He reiterated that the St. Andrews board should be comprised of five members, all St. Andrews homeowners. Mr. O'Connor also reminded the board members that turning the board over to the homeowners in no way releases Trimark, or ACCU, from their fiduciary responsibilities to provide complete financial information, and the developer is obligated to fund any financial deficiencies occurring while the association is under their control.

Mr. O'Connor suggested that the master association attorney write a letter to be sent to Mr. Terborg as the homeowner board representative, Trimark as the developer, and ACCU as the management company. Master association board members would be copied on the letter. Such a letter would make the above statements, as well as state a time limit for response and compliance by Trimark and ACCU. It was specifically noted and agreed that the St. Andrews homeowners need to be made aware of these facts and that the master association has an interest in assisting.

Motion for such a letter was made, seconded, and passed unanimously.

APPROVAL OF JUNE 13, 2001, MINUTES

Motion to approve June 13, 2001, minutes was made, seconded, and passed unanimously. The minutes will be posted on the website. A note will also be posted that the July board meeting was not held.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the July 2001 financial statements, as follows:
- Income year-to-date $73,600 budgeted $82,100 actual
- Operating expense year-to-date $77,300 budgeted $53,800 actual
- Net operating income year-to-date $ 3,700 budgeted $28,300 actual

Mr. O'Connor noted that irrigation bills from the town totaling approximately $4,000 are due in August. Additionally, he stated that if the association could maintain this excess net income, it would be able to reimburse funds previously advanced from the reserve account to meet for operational expenses.

OLD BUSINESS

Violations-Parked vehicle violation on Emerald has been corrected. (Mr. O'Connor reviewed policy regarding parking on street.)

Discussed landscaping status for Satsuma residence. They are to resubmit plans by 8/21. If plans comply, ACC will set completion by 9/15; if plans don't comply, Mr. O'Connor will notify homeowner of a hearing to be held at next board meeting.

Survey results-The board discussed the survey results, as well as the fact that only 20 forms out of a possible 493 had been completed and returned (it was agreed this was a disappointing response). It was requested that the board review the results and be prepared to discuss how to address the issues at the next board meeting.

ACC guidelines-Mr. O'Connor handed out a draft of the new ACC guidelines and requested that the board review and be prepared to discuss any suggested revisions at the next board meeting. Mr. O'Connor noted that a decision would also need to be made to reformat the ACC form from legal size to letter size.

Once the board agrees on the revised draft, it will go to the ACC for their review and they will submit a final draft for approval by the board. The guidelines and form will be posted on the website for easy access by all homeowners. The website address is www.plumcreekhoa.com.

Sign by maintenance shed-Top board has rotted; Mr. Johnson will request the board be replaced and painted. Mowing and removal of weeds had been completed as requested.

Drainage problem on Mount Royal Drive-Mr. O'Connor advised this has been corrected.

NEW BUSINESS

Plum Creek Country Club agreement for board meeting room-After discussion by the board, it was agreed that the meeting time in the contract should be 7 to 9 p.m., meeting space cost of $50 per meeting should be stated, and contract would be changed to be executed by the president of the board rather than by Mr. O'Connor. Mr. O'Connor noted that the contract states payment is due only for meetings held.

Motion to approve the contract with stated changes was made, seconded, and passed unanimously.

Old Safeway center parking area-Ms. Van Horn called the board's attention to the fact that the parking area has turned into a used car lot, with trucks parking near the Dairy Queen and the whole area looking very tired and rundown. Ms. Van Horn suggested that the board write the town manager, and copy Herb Teets. The letter would state that the association, as the representative of residents of Castle Rock community, is asking that the town take action to notify the appropriate parties and give 30 days to correct deficiencies.

Motion to send such a letter was made, seconded, and passed by majority.

Picture of the board for the website-President Kramer requested that after the meeting adjourn, the board pose for a picture to be posted on the website; phone numbers will be listed to contact individual board members.

ADJOURNMENT

At 7:55 p.m. a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT BOARD MEETING-Wednesday, September 12, 2001, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.

The homeowners forum was closed.