Present: Patty Werdowitz, President, Skip Kruszona, Treasurer; Alex Moore, Secretary; Charles Kachadoorian, Steve Huddleston and John Marsh, Directors; Kathy Michaels represented Preferred Property Managers.

Call To Order: The meeting was called to order at 6:05 p.m.

Minutes: The Minutes of the July 22, 2004 meeting were approved. The Minutes of the Executive Meeting from July 22, 2004 were approved.

Financials: The financial statements for the period ending July 31, 2004 were accepted subject to audit.

Delinquency Recap: The Board reviewed the delinquency list. PPM advised that #2 on the list had been sent to the attorney for foreclosure, the next step would come back to the Board for a final decision on foreclosure.

Homeowners Forum: There were several homeowners present to observe the meeting.

Landscape: PPM advised the Board that there was no real activity regarding landscape at this time.

Clubhouse: John Marsh indicated that there was no action needed.

Pool/Spa: Alex Moore reported that he noticed that some of the tiles were starting to fall off, and that this would need to be addressed soon. PPM is to contact the pool company to find out when the last time the pool was drained and to determine a time to do so at the end of the year. PPM is to contact BC Electric to have them solve the GFI problem for the deep end light that is not working. PPM is also to follow up on the umbrellas that were ordered and paid in full. Alex Moore requested a pool chemical testing kit. PPM will obtain and provide the kit to Alex. Alex Moore suggested an electronic key for the pool area. He and John are to get together a written proposal with all of the pros and cons of this project, and have it available for the next meeting.

Architectural: There were no architectural requests at this time.

Newsletter: Several items were submitted to the editor of the newsletter for the upcoming issue.

Parking: Steve Huddleston reported no problems that he was aware of. Discussion ensued regarding the lack of ticketing and locking of the pool in a timely manner. PPM is to obtain bids for these services and also contact Metro Safety to advise them of the Board dissatisfaction with the service provided.

Old Business: Roof Maintenance: The Monier Lifetile representative was not present. PPM is to contact to see when they can come in the future.

Next Meeting: The next meeting will be September 8, 2004 at 6:00 pm.

Adjournment: The meeting was adjourned at 6:35 pm to the Executive Session to discuss legal matters.

Respectfully Submitted,