PLUM CREEK MASTER HOMEOWNERS ASSOCIATION
BOARD OF DIRECTORS MEETING
www.plumcreekhoa.com
April 12, 2006

CALL TO ORDER & VERIFICATION OF QUORUM

The meeting was called to order at 6:00 p.m. by President Mark Kramer. Also present were Board members Tom Flenner Jason Johnson (Secretary/Treasurer), Al Holowinski, Fred Jauch and Dave Watts, as well as John O'Connor of Pristine Communities, Inc. and Richard Johnston, legal counsel. President Kramer noted there was a quorum present.

IRRIGATION RESTRICTIONS

Mr. Johnston provided a briefing to the Board on the status of discussions with the Utility Department of the Town of Castle Rock relating to the irrigation restrictions they are placing on the Association during 2006 and also their requirement to provide historical diagrams of the design of the irrigation system along Plum Creek Boulevard. It is well known that such documents were never prepared and any attempt to compile at this late date would be very expensive. Mr. Johnston will continue the dialogue with the Town of Castle Rock in an attempt to reach a compromise.

APPROVAL OF MINUTES

Motion was made, seconded, and passed unanimously to approve the minutes of March 8 2006, as presented. The minutes will be posted on the website.

MANAGEMENT REPORT

Mr. O'Connor reviewed key points of the March 2006 financial statements, as follows:
- Income year-to-date $ 26,073 budgeted $ 27,264 actual
- Operating expense year-to-date $ 18,657 budgeted $ 35,592 actual
- Net operating income (loss) year-to-date $ 7,415 budgeted $ (8,327) actual

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

OLD BUSINESS

Netafin Project-

Motion was made, seconded, and passed unanimously to suspend further installation of the Netafin project until the Association receives a clear understanding of the Town of Castle Rock's irrigation restrictions not only for 2006 but also 2007 .

NEW BUSINESS

Flower Project ---

The Board discussed the scope of flowers to be planted this year and have requested Douglas County Maintenance to evaluate the health of all perennial plants and then make an effort to supplement with additional perennial plants and thus minimize the number of annual plants that are required.

ADJOURNMENT

At 8:45 p.m., a motion was made, seconded, and passed unanimously to adjourn the meeting.

Next Board Meeting-Wednesday, May 10, 2006, at 6:00 p.m. at the Conference Room, Philip S. Miller Library


Respectfully submitted

Jason Johnson
Secretary