Brittany Bay

Absent: Louie West, Vice President

Jim Rosinke called the meeting to order at approximately 7:09 PM.

The Board Meeting was held at the law offices of Daughtry and Jordan, located at 17044 El Camino Real.

The agenda was approved as amended.

A motion was made to approve the minutes of the January board meeting, as presented. Motion passed.

Management Report:

The Action Items were reviewed and discussed.

The Correspondence Log was reviewed and discussed.

The Inspection Report was reviewed and discussed. A motion was made to have the tennis court gate repaired. Motion passed.

The Financials were reviewed and discussed. A motion was made to approve the January Financials. Motion passed. A motion was then made to pull $40,000 from the checking account and put $20,000 in a CD account for a 6 month term and $20,000 in a 12 month CD account. Motion passed unanimously.

Committee Reports:

Architectural Control: There was one HIA that was reviewed. A motion was made to approve the home improvement application, with the ACC’s contingencies. Motion carries unanimously.

Crimewatch: No report was given.

Recreation: There was no report given.

Playground: No report was given.

Newsletter: Copies of the newsletter were distributed to the Board and Mrs. Butler for delivery. The next newsletter is scheduled to go out in early May.

Landscape: No report was given.

Welcome: Gina Sherman stated that there were two new residents this month.

Old Business:

Annual Meeting – Jim Rosinke will be unable to attend the meeting. David Oswald will draft a Reserve Expenditure Report for the meeting.

New Business:

2005 Pool Season – The Board would like the pool building painted and a new roof installed by April 1, along with commercial door knobs for the restrooms. The pool schedule will be the same as last year with no adult swim. We are fine on pool tags, but will need the 2005 stickers ordered.

2004 Audit – The Board would like to submit the Reserve Study for the Auditors review.

2004 Tax Return – The tax return was given to David Oswald for review.

Bank Change Notice – A motion was made to accept the association’s bank changing to CAB. Motion passes.

There being no further business to discuss, a motion was made to adjourn to Executive Session at approximately 8:36 PM. Motion passes unanimously.

Wednesday, February 15, 2005

The Financials were reviewed and discussed. A motion was made to approve the January Financials. Motion passed. A motion was then made to pull $40,000 from the checking account and put $20,000 in a CD account for a 6 month term and $20,000 in a 12 month CD account. Motion passed unanimously.