PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
www.plumcreekhoa.com
AUGUST 10, 2005

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 7:00 p.m. by President Jason Johnson. Also present were Board members Tom Flenner (Vice President), Christine Foote (Secretary), Al Holowinski, and Mark Kramer (Treasurer), as well as John O'Connor of Pristine Communities, Inc. Board members Ross Fife 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 July 13, 2005, as presented. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the July 2005 financial statements, as follows:
- Income year-to-date $ 72,774 budgeted $ 74,949 actual
- Operating expense year-to-date $ 74,933 budgeted $ 88,144 actual
- Net operating (loss) year-to-date $ (2,159) budgeted $ (13,195) actual

Mr. O'Connor noted that the landscape improvement expenses paid in July were not a reserve account item.

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

HEARING

A hearing was held regarding an incomplete deck project. The homeowner was present at the meeting and distributed a letter and revised site plan for the board's review, as well as a copy of a building permit issued by the Town of Castle Rock approving said plan. Discussion was held and the owner stated the deck project would be completed within 30 to 45 days following approval by the Architectural Control Committee (ACC). The board requested that the plan and permit be submitted to the ACC.

OLD BUSINESS

Netafin Project-Discussion was held regarding the successful trial period for the Netafin project. It was requested that Mr. O'Connor determine if moisture sensors could be installed. Mr. O'Connor also stated he would invite Duane Farnsworth of Douglas County Maintenance & Repair to attend the next meeting to respond to questions from the board regarding Netafin issues.

Deck Project Completed-A deck project, which was granted an extension to August 10, has been completed. Board members noted that the finished deck looks very nice.

Signs Issue-Discussion was held regarding realtor and garage sale signs posted on Plum Creek Boulevard. It was reiterated that no signs are to be placed in the boulevard median area maintained by the Master Association.


NEW BUSINESS

SB 100-Mr. O'Connor updated the board on SB 100, effective January 1, 2006, which affects homeowner association policies. He stated the Master Association would need to adopt various policy statements, which association counsel Rich Johnston would prepare for review by the board at the October/November meetings.

Speed Limit Signage-Discussion was held regarding installing powered speed limit control signage on Plum Creek Boulevard and Mount Royal Drive. Board members had previewed this type of signage in Perry Park and were enthusiastic about it for Plum Creek. Mr. O'Connor was requested to check on the cost per sign and also to request participation by the Town of Castle Rock.

New Meeting Time-President Johnson polled the board members regarding setting a new meeting time. After discussion, it was agreed that board meetings would now be held at 6:00 p.m.

ADJOURNMENT

At 7:40 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

NEXT MEETING-Wednesday, September 14, 2005, at 6:00 p.m. at Philip S. Miller Library, 100 South Wilcox Street.