Seven Springs Owners Association

Minutes

March 21, 2005 Board Meeting

Present: Patricia Swart, Ken Crowder, Roy Jewell, Pete Roybal, and the Agent-Mike Crowley. David Morar was not present.

Matt Maxwell has resigned from the Board.

There were four homeowners present; they discussed a couple of maintenance items and the resolution of a dog violation.

The February 21, 2005 minutes were approved as submitted

The February 28, 2005 financial statements were reviewed and approved subject to audit. The Agent will confirm that the adjusted budget number shave been entered. Payables were reviewed and checks were signed

The Agent informed the Board that the insurance proceeds from the hail storm had been received.

A Board signed the bank confirmation letters for the audit.

The Board approved a bid for floor repairs to a unit.

The Board reviewed a bid for the refinishing of the playground equipment; the Agent will request the necessary information to confirm that it is the appropriate product for the safety of the children using the playground.

The Board reviewed three letters from owners.

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 final punch list for the roofing company will be coordinate with Pete Roybal.

The next meeting is scheduled for April 18, 2005 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