Thursday, July 17, 2008

Absent:  Hearl Mead, Vice President was absent from the meeting.

I.  Call To Order

Phil Spiller called the meeting to order at approximately 7:02 PM.

The July 17, 2008 Board Meeting was held at the Perry Family YMCA, located at 1700 League City Parkway West, League City, Texas.

II.  Review/Adopt Agenda

The agenda was adopted as presented.

III.  Homeowner Forum: 

There were no homeowners in attendance. 

IV.  Approval of Minutes:

A motion was made to approve the June 19, 2008 minutes, as presented.  Motion passed.

V.  Management Report:

         a.   Action Items - The Action Items were reviewed and discussed. 

         b.   Financial Statements – A motion was made to approve the Financials as presented.  Motion passed.  A motion was made to deposit CD #1044 into checking when comes to term.  Motion passed.  A motion was made to close out the CAB checking account.  Motion passed.

         c.  Correspondence Log - The Correspondence Log was reviewed and discussed. 

         d.   Inspection Report - The Inspection Report was reviewed and discussed.   

VI.  Committee Reports:

         a.  Architectural Control: There were no applications for review.

         b.  Crime-watch:  No one was in attendance to give report. 

         c.  Recreation: There was no one present to discuss. 

         d.  Playground:  There was no one in attendance to give a report.

         e.  Newsletter/Website:  No one was present to discuss.

         f.  Landscape:  No one was in attendance to give report.

         g.  Welcome: There were no new owners this period.

VII.  Old Business:

There was no old business to discuss.

VIII.  New Business: 

a.  Management Contract – A motion was made to table the management contract pending negotiation of the ACC Processing Fee.  Motion passed.

IX.  Adjournment:

There being no further business to discuss, a motion was made to adjourn to Executive Session at approximately 7:52 PM.  Motion passes unanimously.