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

CALL TO ORDER: The meeting was called to order at 6:00 p.m. in the clubhouse.

MINUTES: The minutes of the meeting held January 8, 2003 were approved as written. The minutes of the Executive Session held January 8, 2003 were approved as written.

FINANCIAL: The financial statement ending January 31, 2003 was accepted, subject to audit. The Board reviewed the budget variance recap. PPM explained that the homeowner dues were in variance due to prepayments in the month of December.

MAINTENANCE: John Marsh advised the Board that dry rot repairs were continuing and other projects were on target. The Board reviewed a memo to Barta Roofing and requested that PPM calendar roof cleaning and inspections for summer time.

LANDSCAPE: Ed Abeyta reported that the committee, with the help of Audrey Lee, were reviewing all proposals from Weststar Landscape and prioritizing three lists. The first is a list of trees that are damaging common area. The second is a list of the frontages, which will be finalized for approval at the next meeting. The third is a general list for other issues within the community. Ed Abeyta expects to present a final landscape long-range plan for the community at the next meeting and would also like to present the plan to the homeowners. He advised the Board that the walkthroughs were changing to the fourth Wednesday of each month at 8:00 a.m. The first one will be held February 26, 2003. There will be a tree walkthrough at 10:00 a.m. following the landscape walkthrough.

CANYON TASK FORCE: Ed indicated that he had contacted the city and found that although they could offer some support, it would be so far along, that it did not make sense to wait for that. He requested that PPM contact California Conservation Corp. and two other vendors for cleaning of the canyon. He indicated that he would be happy to meet with them.

CLUBHOUSE: John Marsh indicated that maintenance would be working in the men's room doing repairs on Thursday.

POOL/SPA: PPM reported that Frank Toto had authorized J.A. Brien Plumbing to camera the drain lines around the pool to determine where the stoppage was. They are then to report to PPM.

ARCHITECTURAL: John Marsh reported that he had received two requests and had approved both pending approval by the Board. The Board reviewed one request for windows and requested that the homeowner provide additional information in the way of specific color, style and frame. The request from [] Rim View Way for solar tubes was approved pending receipt of a signed Indemnity Agreement.

PARKING: Steve Huddleston reported that he had researched the signs and posts and counted all the areas to determine the quantity needed and felt that the association could install all new parking signs and fire lane signs for a cost of under $2500.00. The Board approved pending a firm quote from Steve, which would include installation by Top Notch Construction. The Board discussed the contract from Metro Safety Services and tabled the issue until Skip Kruszona has had an opportunity to discuss the services with the owner of the business, as the Board did not feel that they were getting the service they were paying for.

OLD BUSINESS: PPM reported that they had contacted several companies regarding the garage doors, but had not received any bids. This issue was tables until next month.

MAJOR PROJECTS: The Board discussed several major projects. Skip Kruszona indicated that there was a CD maturing for $40,000.00 in February, which would allow for the lighting project and approximately $10,000.00 to be set aside for the canyon project. The Board authorized the contract for installation of six fences per month, beginning in March. Painting of the next batch of buildings will be done starting in the fall.

NEW BUSINESS: The Board discussed the pros and cons of increasing the insurance deductible to $10,000.00. A motion made, seconded and carried to accept the increase. Skip Kruszona will contact the insurance agent to initiate that. PPM is to put a letter together to be sent to all homeowners advising them of the increase.

NEXT MEETING: There being no further business, the meeting was adjourned into Executive Session at 7:10 p.m. The next meeting is scheduled for March 12, 2003 at 6:30 p.m.

ADJOURNMENT: The meeting was adjourned to Executive Session to discuss legal matters and delinquent accounts at 7:10 p.m.

Respectfully submitted,