Seven Springs Owners Association

Minutes

October 17, 2005 Annual Meeting

The President, Pat Swart, called the meeting to order at 7:00 PM. and introduced the Board members.

Roll Call: The Agent reported that 31 units were represented in person or by proxy. A quorum was present to conduct the affairs of the association.

A motion was made and approved to accept the minutes of the 2004 Annual Meeting.

Pat provided a recap of the past year accomplishments and the outlook for the next year.

The past year accomplishments included the hiring of a part time employee, installation of ballards around the dumpster sites, fire inspection, new pool gate, rent up of unit G-13, attempt to coordinate access to utility rooms for Xcel, Comcast and Quest, evaluation of boiler rooms, electrician hired to make repairs to all common area lighting, a domestic water heater to be replaced in building G and a new landscape company was hired The wish list for next year includes updating the sprinkler system in the boiler rooms, a small playground area where the old shed is located, the replacement of the retaining wall along the frontage road and boiler repairs.

Roy Jewell reviewed a preliminary 2006 Budget and reviewed the current financial condition of the association.

Election of Directors: There were five open positions; Matt Maxwell, Pete Roybal, Peter Disher Roy Jewell and Pat Swart and Ken Duback were nominated. Ken Duback received the least number of votes, the other five were elected.

Unfinished Business: There was no unfinished business.

New Business: It was mentioned that the parking permit policy should be reviewed and clean up the Comcast cable on all the buildings.

Adjourn: With there being no further business, the meeting was adjourned at 8:15 PM.

Respectfully Submitted,

Mike Crowley-Agent for Seven Springs Owners Association