Seven Springs Owners Association

Minutes

November 15, 2004 Board Meeting

• Present: Patricia Swart, Ken Crowder, Matt Maxwell, Roy Jewell, Pete Roybal, David Morar and the Agent-Mike Crowley.

• There were six homeowners present who had minor maintenance items to discuss.

• The October 18, 2004 minutes were approved as submitted.

• The October 31, 2004 financial statements were reviewed and approved subject to audit. Payables were reviewed and checks were signed.

• The Board reviewed a bid provided by Peachtree Apartments to replace the fence between the two communities. Additional bids will be requested.

• Magna Carta renewed the master policy for $24,730.00.

• The Board adopted the 2005 Budget.

• Roy Jewell confirmed that he had returned the engagement letter and representation letter to the auditor. The Board ratified the action.

• Roy Jewell and a homeowner will continue to negotiate the insurance settlement on the roofs.

• The Board approved the Waste Management trash removal contract.

• The Board ratified the roofing contract with B & M Roofing. The Board also selected colors for the roofing shingles on the clubhouse and the parapet roof caps.

• The Board reviewed the progress on the refurbishment of unit G-13. The Agent will verify some of the costs on a couple of the items on the proposal.

• The Board directed the Agent to draft a preliminary job description and execute the necessary paperwork to hire a part time employee who will attend the December meeting to meet the members.

• The Agent was directed to send a couple of violation notices.

• The Agent will execute a couple of work orders for some maintenance items.

• The Agent will confirm the time frame for installation of the sump pumps in the boiler rooms.

• The Agent will contact the cleaning company to review some items.

• The Agent will review with Rocky Mountain Monitoring the need for a different towing company.

• The Agent will initiate soliciting landscape bids for 2005.

• The security company will be asked to attend the December meeting.

The next meeting is scheduled for January 17, 2004 at 7:00 PM.

In the Executive Session the Board discussed personnel matters and the delinquent accounts. The Board also reviewed copies of letters that had been sent to owners regarding violations.

With there being no further business, the meeting was adjourned.

Respectfully Submitted,

Mike Crowley-Agent for

Seven Springs Owners Association

THE MINUTES MAY BE POSTED ON THE WEB-SITE OR DISTRIBUTED PRIOR TO THE BOARD APPROVING THE MINUTES.