PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
www.plumcreekhoa.com
March 8, 2006

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 Tom Flenner ( Vice President), Christine Foote (Secretary), Mark Kramer (Treasurer), Al Holowinski, Fred Jauch and Dave Watts, as well as John O'Connor of Pristine Communities, Inc. President Johnson noted there was a quorum present.

ELECTION OF OFFICERS

A motion was made and seconded to elect Mark Kramer as President for the coming year. An additional motion was made and seconded to elect Dave Watts as President for the coming year. Written ballots were distributed and cast with Mr. Mark Kramer being elected for the coming year.


A motion was made, seconded and passed to elect Christine Foote as Vice President for 2006.

A motion was made, seconded and passed to elect Jason Johnson as Secretary and Treasurer for 2006.

APPROVAL OF MINUTES

Motion was made, seconded, and passed unanimously to approve the minutes of November 9, 2005, as presented. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the February 2006 financial statements, as follows:
- Income year-to-date $ 23,248 budgeted $ 25,737 actual
- Operating expense year-to-date $ 12,271 budgeted $ 21,800 actual
- Net operating income (loss) year-to-date $ 10,977 budgeted $ 3,936 actual

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

OLD BUSINESS

Netafin Project- An update was provided to the Board regarding recent discussions with the Town of Castle Rock Council as well as Town Utility Department staff. The Town has advised the Association that although over the past 4 years the Town has allocated 1 ½ inches of water per week they are planning to implement a new policy that will only allow a maximum of ½ inch per week. The Town staff admits that they fully understand ½ inch of irrigation per week will not sustain turf as we know it and is currently installed in the median. The Town Council and staff also admit that they desire that the turf be removed from Plum Creek Boulevard and replaced with xeriscaping such as gravel and drought resistant shrubs. Based upon this new information, a motion was made, seconded and passed to suspend the Net - a -Fin project until a final determination can be made. The Board was also apprised that the portion of Net - A -Fin installed this spring on several islands at the south end of Plum Creek Boulevard have a net cost of $ 8,200.


NEW BUSINESS

Speed Signs-At the Boards' request, Pristine Communities obtained a bid proposal to install traffic monitoring signs for installation along Plum Creek Boulevard and Mount Royal Drive. The Town of Castle Rock Public Works Department was also contacted to advise them of the planned traffic system. The Town staff has advised the Association that speed monitoring devices must be approved by the Town and they have not yet approved the monitoring devices being considered by the Association although Douglas County has just spent in excess of $ 100,000 to install the same exact system at Perry Park. The Town also advised the Association that they are considering other "traffic quieting " options but would not be more specific. The Board has decided to table this matter until the Town of Castle Rock provides specific information on their plans.


Education Programs - A motion was made, seconded and passed approving the reimbursement to board members who elect to participate in education programs that are offered by Community Associations Institute for which the cost does not exceed $ 100.00.

ADJOURNMENT

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

Next Board Meeting-Wednesday, April 12, 2006, at 6:00 p.m. at the Conference Room, Philip S. Miller Library


Respectfully submitted


Jason Johnson
Secretary