PRESENT: Patty Werdowatz, President; Scott Linek, Vice President, Skip Kruszona, Treasurer; Steve Huddleston, Director, Alex Moore and John Marsh, Directors. Kathy Michaels represented Preferred Property Managers (PPM). Ed Abeyta was absent.

CALL TO ORDER: The meeting was called to order at 5:30 p.m.

MINUTES: The minutes of the meeting held March 12, 2003 were approved as written. The minutes of the Executive Session held March 12, 2003 were approved as written.

FINANCIALS: The financial statement for the period ending March 31, 2003 was accepted, subject to audit. The Board reviewed the budget variance recap.

The audit for the year 2002 was approved to be mailed to homeowners.

MAINTENANCE: John Marsh discussed maintenance issues that were being completed.

LANDSCAPE: No report was given.

POOL/SPA: No report was given.

OLD BUSINESS: Sump Pump - The Board discussed the proposal from Weststar for installation of a sump at a cost of $2,675.00. The Board will have Audrey Lee and Ed Abeyta visit the homeowner to see if they will let the Association tap into their electricity for the mechanical. If the answer is yes, PPM will investigate further.

NEW BUSINESS: Reserve Study - The Board discussed the reports provided and requested that PPM negotiate with SCT Inc. to perform the reserve study for $950-$1,000. If they will reduce their price, PPM is to ask them to proceed.

ADJOURNMENT: There being no further business, the meeting was adjourned at 6:00 p.m. to the Annual Meeting.

Respectfully Submitted,