Meeting Minutes -- APPROVED

Seven Springs Home Owners Board of Directors Meeting

July 15, 2002

Attendees: Pam Thomas

Deanne Drda

Paul Drda

Brian Michael

Pat Swart

Mike Crowley: Condominium Care

Meeting Commenced: 7:12 PM

1. Tenant Issues

• Gene Rohr from unit D-16 stopped by to complain about the people occupying D-6. Too many people. We have sent a letter to the owner about the problems and requested them to attended tonight’s meeting to discuss charges. They did not attend. Board will fine the owner of the unit.
• I-3 unit has excessive noise problems according to Pam who is in I-11.
• Owner complained about the number of thefts on cars in the lot. Recommended that we have more lights in the parking lots. Chris Anitore in C13 will offer his suggestions to us, 720-495-3885.

2. Minutes

• June minutes were approved with amendments.

3. Review of Financial Statements

• Striping turned out well.

4. Elite Controls

• Will not pay the pool maintenance company, Elite Controls, until they resolve the “panic button” issue. It has been disconnected – trying to get them to reconnect.

5. 2002/2003 Budget Review

• Potential serious increase to insurance costs.
• Will see a significant increase in sewer costs phased in over the next 4 years.
• We will provide a number to Condo Care to run the analysis with potential reductions – run $99 for 1-bed and $141 for 2-bed. Want to make sure we are putting adequate money into reserves.

6. B-16 Repairs

• Will not go to a third realtor.
• Repairs are still in progress.
• Need to review the final work – to be completed by month end.
• Plan on listing unit by end of August or do a phone vote when work is completed on which realtor to use.

7. Interior Repair Policy

• Waiting for the outcome of a related legal opinion before board will decide on policy.
• In the interim will work this issue on a case-by-case basis.

8. Hail Damage Claim

• Will contact insurance company and determine impact of filing a claim.
• Will have MIRR review potential claim and roof to determine if it indeed could have been caused by hail damage.
• Board will review inputs and make decision to legitimacy of the claim.

9. Other New Business

• Annual Meeting will be October 21, 2002
• Want the dumpster rules posted by John.
• Consider hiring a part time/off duty officer to patrol the community to cut down on gang and other problems. Review at next meeting.
• Condo Care will pull all the retaining wall and related bids to make a decision on how we will proceed with the repair.
• Sprinklers have been going on between building A&B at 5:00 PM in the afternoon. Condo Care will investigate.
• Complaint about bushes needing trimmed near B-building.
• Newsletter will be issued the end of this month.
• Will put an announcement that will begin repainting next year and will present a light color painting scheme.

10. Next meeting August 19, 2002

11. Executive Session

12. Meeting Adjourned 9:40 PM