Wednesday, November 13, 2002

In Attendance: Ralph Steiner, President

Doug Burdett, Vice-President

Bill Carlton, Treasurer

Lesley Lee, Director

Karen Lopez, BAPM

Dennis Sherman, Homeowner

Gina Sherman, Homeowner

Connie Boggan was absent from the meeting.

Ralph Steiner called the meeting to order at approximately 7:32 PM.

The Board Meeting was held at the offices of Houston Community Management Services, located at 18333 Egret Bay Blvd., Suite 445.

The minutes of the October Board meeting were reviewed and approved, as corrected.

Management Report:

The Financials were reviewed and discussed. It was noted that the account codes have changed with the new software. The Board agreed to rollover the CD through Legg Mason.

The Action Items were reviewed and discussed.

The Correspondence Log was reviewed and discussed.

Committee Reports:

Architectural Control: There was not a representative at the meeting to give a report

Crimewatch: There was not a representative at the meeting to give a report.

Recreation: There was not a representative at the meeting to give a report.

Newslettter: Doug will email the final draft to HCMS for distribution. Mr. Dennis Sherman mentioned that he would like to serve on the newsletter committee.

Playground: There was not a report given.

Landscape: There was not a representative at the meeting to give a report.

MUD:

Bill Carlton stated that the MUD are based on the appraised values per $100 valuation. The rate may be lowered depending on the bonds issued.

Old Business:

2003 Statements - Board noted to use the same wording as on last year’s statements.

Sidewalk Repair – A motion was made to award Brooks Concrete the repair to the sidewalk near the pool/tennis court. Motion carries unanimously.

Pool Contract – Change “adult swim” to Tuesday and Saturday, one half hour before the normal scheduled opening time. Amend contract as written, to include prohibiting the pool company from driving vehicles on the sidewalk. Once changes are made, the contract may be issued to the pool company. The pool company may install their own lock box.

Water Bill – Forward the City’s response on to the Board of Directors regarding the water bill corrections.

New Business:

2003 Budget – A motion was made to approve the 2003 Budget. Motion passed unanimously.

Audit – A motion was made not to do an audit this year. Motion carries unanimously.

New Software – The summary was reviewed.

There being no further business to discuss, the meeting was adjourned to Executive Session at approximately 9:00 PM.