PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
AUGUST 11, 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 Al Holowinski (Treasurer), Jason Johnson (Vice President), Mark Kramer and Dave Watts, as well as John O'Connor of Pristine Communities, Inc. Board member Tom Flenner (Secretary) was absent. President Fife noted there was a quorum.

HOMEOWNERS FORUM

Hearing on the Cherry Plum Way Dumpster Violation-Mr. O'Connor reported that the dumpster violation had been corrected and the hearing could be cancelled. The board agreed to vacate the scheduled hearing.

No homeowners offered any comments or questions.

APPROVAL OF JUNE 9, 2004, MINUTES

Motion was made, seconded, and passed unanimously to approve the June 9, 2004, minutes, as presented. The minutes will be posted on the website. It was noted that there was no July board meeting due to not having a quorum.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the July 2004 financial statements, as follows:
- Income year-to-date $ 76,500 budgeted $ 95,600 actual
- Operating expense year-to-date $ 84,000 budgeted $ 72,100 actual
- Net operating income year-to-date $ (7,500) budgeted $ 23,500 actual

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

OLD BUSINESS

Repair of Guardrail on Plum Creek Boulevard-Mr. O'Connor reported that the damaged guardrail on Plum Creek Boulevard near the 9th tee box had been repaired by the Town of Castle Rock.

NEW BUSINESS

New Sod in Entrance Area-Mr. O'Connor reported that sod had recently been installed on both sides of the entrance area along Plum Creek Parkway in front of the new stone walls. He also reported that, other than installing some lilac bushes behind the water feature, all improvements to the entrance have been completed.

Repairs to Water Feature Line-It was noted that the leak in the supply line has been repaired.

Open Board Position-Mr. Johnson reported that the Master Club Association had recommended that Christine Foote be considered for the position that has been open since Sheila Haulter resigned. Ms. Foote is interested in serving in that position.

Motion was made, seconded, and passed unanimously to appoint Ms. Foote to the Board of Directors to serve until the annual election in January 2005.

SEPTEMBER BOARD MEETING

Mr. O'Connor reminded the board that he would not be available for the September 8, 2004, board meeting. It was determined that the next board meeting would be October 13, 2004.

ADJOURNMENT

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

NEXT MEETING-Wednesday, October 13, 2004, 7:00 p.m. at Philip S. Miller Library, 100 South Wilcox Street, Wells Fargo Room.