PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
www.plumcreekhoa.com

BOARD OF DIRECTORS MEETING

AUGUST 13, 2003

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:05 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. President Kramer noted there was a quorum.

HOMEOWNERS FORUM

An owner solicited the support of the board regarding three issues-incomplete sidewalk areas along Mount Royal Drive and at the end of Plum Creek Boulevard, reducing the speed limit in the park area along Mount Royal Drive near Plum Creek Boulevard, and revising certain fencing requirements. The owner was advised that the board has no authority or input regarding the sidewalk areas or in setting speed limits, and he was referred to the Town of Castle Rock on these items. With regard to the fencing issue, the owner was referred to the Architectural Control Committee (ACC) for action on this item, as well as the association website for a copy of the guidelines.

The homeowners forum was closed.

APPROVAL OF JULY 9, 2003, MINUTES

Motion was made, seconded, and passed unanimously to approve the July 9, 2003, minutes. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the July 2003 financial statements, as follows:
- Income year-to-date $ 77,400 budgeted $ 77,300 actual
- Operating expense year-to-date $ 85,200 budgeted $ 65,300 actual
- Net operating income (loss) year-to-date $ (7,800) budgeted $ 12,000 actual

Mr. O'Connor noted that final billing had been received on the completed water feature work. In addition, he noted that payment would come out of the surplus in the operating account at this time, and the account would be reimbursed by funds from the reserve account at a later date.

Mr. Fife inquired about investment accounts and funds. Mr. O'Connor advised accounts were held with Dain Rauscher and provided a brief overview.

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

OLD BUSINESS

Status of Landscaping on Satsuma Place-Mr. O'Connor introduced the owner of the subject property, who provided the board with a report on the status of the landscaping. He advised that the project was essentially complete and hoped the board had taken an opportunity to drive by to see the work. The owner then requested the board to consider waiving the fine that had been imposed. Mr. O'Connor noted the fine covered the period August 1-12 at $25 per day, for a total of $300.

After discussion (with several board members commenting on their personal inspection of the property), motion was made, seconded, and passed unanimously to waive the $300 fine, with thanks to the owner for completing the landscaping in such an attractive manner.

Bank One Acquired Property on Prestwick Way-Mr. O'Connor advised the board that this issue had been resolved, so no hearing would be required. He also noted that the association would eventually recoup $150 of dues on this property.

NEW BUSINESS

Appointment of Board Member-Mr. O'Connor reported that Mr. Ford had advised he could no longer serve on the board and noted that a replacement board member for the remainder of the term would be needed. He advised that Tom Flenner of the St. Andrews sub-association had indicated he would be willing to serve.

After a short discussion, motion was made, seconded and passed unanimously to appoint Mr. Flenner to serve the remainder of this term, through December 31, 2003. Mr. Flenner was invited to be seated with the other board members.

Consultant for ACC-Mr. O'Connor advised the board that the architectural consultant for the ACC would no longer be able to fulfill those duties for health-related reasons. Mr. O'Connor specifically noted an issue regarding an application for roof modification that had been denied by the ACC and would need to be addressed further.

Mr. Johnson requested that the minutes reflect the following additional details regarding this matter. Mr. O'Connor arranged for a timely hearing on this issue. He also found a replacement architectural consultant within a two-week period. If this applicant (or any other applicant) desires to have a hearing before the ACC, the committee would be able to meet and provide a response within the standard 30-day timeframe.

Proposal for Fall Flowers-Mr. O'Connor reviewed for the board a proposal from Douglas County Maintenance to change out the petunias at the front entrance in mid to late September with winter hardy pansies. The board was in agreement to not spend any more money on flowers at this time.

Vandalism Damage at Front Entrance-Mr. O'Connor provided the board with details concerning recent vandalism, including damage to lights and sprinkler heads. He noted that the fairgrounds and some other adjacent areas were also vandalized. He stated that the police were called, but they offered no specific commitment to increase patrolling of this area. He also noted that traffic surveillance cameras would not provide a view of the vandalized area and an insurance claim would not be filed due to $1,000 deductible. Mr. O'Connor reported that repairs were in process.

Damage to Irrigation System at Water Feature-Mr. O'Connor provided the board with details concerning damage by a concrete truck that had run into the water feature. The driver and truck left the scene, but an alert bystander was able to identify the responsible truck. Mr. O'Connor stated repairs totalled $1,600 and he would proceed to seek reimbursement by the concrete company.

Mr. O'Connor also noted that previous damage to the west side of the median at the front entrance had been paid one-half each by Edward Kramer & Sons and the Town of Castle Rock.

Mr. Fife inquired about the status of the wall project at the front entrance. Mr. O'Connor responded that this work would begin in a couple of weeks, with completion scheduled by the end of September.

Hearing Regarding Landscaping Issue on Mount Royal Drive-Mr. O'Connor noted the owner for the subject property was not present and provided the board with an update to this ongoing landscaping issue.

After discussion, motion was made, seconded, and passed unanimously to request Mr. O'Connor to write the owner the standard letter citing noncompliance and imposing a fine of $25 per day effective August 15, 2003, until an approved landscaping plan for both the front and back yards is completed.

ADJOURNMENT

At 8:05 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, September 10, 2003, 7:00 p.m. at Plum Creek Country Club, in the Plum Room.