PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
www.plumcreekhoa.com
OCTOBER 12, 2005

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 6:00 p.m. by President Jason Johnson. Also present were Board members Ross Fife, Tom Flenner (Vice President), Christine Foote (Secretary), and Mark Kramer (Treasurer), as well as John O'Connor of Pristine Communities, Inc. Board members Al Holowinski and Dave Watts were absent. President Johnson noted there was a quorum.

APPROVAL OF MINUTES

Motion was made, seconded, and passed unanimously to approve the minutes of September 14, 2005, as presented. The minutes will be posted on the website.

HOMEOWNERS FORUM

An owner brought to the board's attention that dual speed limits exist along Mount Royal Drive - 25 mph at the north end and 30 mph at the south end by the park. He had been unsuccessful in his request to the Town that the speed limit be 25 mph by the park, or having signs posted stating "slow." Discussion was held regarding this issue, as well as the plans to install a traffic control system along Plum Creek Boulevard and Mount Royal Drive. It was requested that Mr. O'Connor communicate to the appropriate Town representative the request to post 25 mph speed limit signs in both directions at the south end of Mount Royal Drive.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the September 2005 financial statements, as follows:
- Income year-to-date $ 96,082 budgeted $ 97,037 actual
- Operating expense year-to-date $ 98,000 budgeted $115,183 actual
- Net operating (loss) year-to-date $ (1,918) budgeted $ (18,146) actual

Mr. O'Connor noted the major negative variance was for landscape improvements, and also noted that the deficit should continue to decrease through year-end with other savings on costs.

Mr. O'Connor also updated the board regarding several delinquencies.

OLD BUSINESS

Netafin Project-Mr. O'Connor provided the board with an overview of the meeting between Duane Farnsworth of Douglas County Maintenance and Repair (DCMR) and the Utility Department, and the Utility Department's position regarding Netafin project issues. Discussion was held and it was requested that Mr. O'Connor prepare a letter, to be reviewed and approved by the association's counsel Rich Johnston, and to be mailed by October 20, requesting a meeting of the Board with the Mayor, Town Manager and Utility Department Director. It was also requested that water main testing be completed prior to such meeting. The board expressed the continued desire to fund one-half the cost of this project in 2005 and one-half in spring 2006.

Plum Creek Boulevard Extension-Mr. O'Connor reported that the boulevard extension has been paved through to Crystal Valley Parkway. The access is now being used by residents living south of the Plum Creek area.

Plum Creek Directory-Discussion was held regarding a suggestion to include Plum Creek area residents in the directory, not just those residing in the Master Association subdivisions. It was requested that Mr. O'Connor provide the names of the subject subassociation presidents to Diane Jauch for her to contact directly regarding their interest to be included in the directory.

Landscaping & ACC Issues-Mr. O'Connor responded to questions regarding action about a brown lawn and status of Architectural Control Committee approval regarding a deck railing issue.

NEW BUSINESS

Master Club HOA Issue-Discussion was held regarding renters not following the HOA rules and regulations. It was requested that Mr. O'Connor have Mr. Johnston review this issue as it relates to the Master Association and provide his opinion for action, if any, to be taken in this matter. Mr. O'Connor will have a response for the board at the November meeting.

Waterfall-Mr. O'Connor stated that the waterfall would remain active until the next extended cold weather period and then will be turned off and drained for the winter season.

IREA Lunch-Mr. Foss reported that he had received an invitation to a luncheon hosted by IREA on October 20. It was requested that Mr. Foss attend this luncheon.

Panhandlers-Brief discussion was held regarding panhandlers located at the Exit 181 traffic light and elsewhere in the Castle Rock area.

2006 Draft Budget-Mr. O'Connor stated that a 2006 draft budget, based on the 2005 budget, would be distributed at the November meeting for the board's review and discussion.

ADJOURNMENT

At 7:00 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, November 9, 2005, at 6:00 p.m. at Philip S. Miller Library, 100 South Wilcox Street.