Present: Patty Werdowatz, President, Skip Kruszona, Treasurer, John Marsh, Steve Huddleston, Charles Kachadoorian, Directors. Kathy Michaels represented Preferred Property Managers. Absent was Alex Moore.

Call to Order: The meeting was called to order at 6:00 p.m. The Board received a letter of resignation from Scott Linek, Vice President because of the sale of his home. He will no longer be able to serve on the Board.

Minutes: The minutes of the June 9, 2004 meeting were approved as written.

Financials: The financial statements for the period ending June 30, 2004 were accepted subject to audit. Skip Kruszona pointed out that the association was over budget on several items and that there needed to be more attention paid to these issues.

Delinquency Recap: The Board reviewed the delinquency recap list and requested that #2 on the list be referred to the association attorney for a notice of default letter to be sent.

Landscape: The Board reviewed the list from the June walk thru. No action was needed. The Board reviewed a proposal from Western Tree Service for removal of a eucalyptus tree along the walk at the end of Oakleaf Point. Upon motion made, second and carried the proposal was approved.

Clubhouse: John Marsh indicated that there had been some activity. The Board expressed concern that the carpet had been soiled during one of the gatherings, and that the homeowner needed to be responsible for the cleaning. John will check with the clubhouse manager to find the responsible party.

Pool/Spa: The Board reviewed the proposal from Creative Pools to replace the spa cover. Upon motion made, second and carried the proposal was approved for the custom made cover at a cost of $225.00.

Architectural: The Board reviewed a request from [] Park Crest Lane for replacement windows and approved the request. [] Rimview Way submitted a request for a new patio cover. The Board approved the request. [] Park Crest Lane submitted a request for a new air conditioning unit to be installed on the patio. The request was approved with the condition that the unit be installed with a sound mount.

Parking: Steve Huddleston reported that there were no issues to discuss. Metro Safety has issued several tickets over the past month.

Old Business: Roof maintenance: PPM advised that there were three roofing companies contacted and each one indicated that the tile on the roof was no longer available and that one roof would need to be stripped and the remaining tiles used as replacement tiles for other buildings. The Board requested that the Monier sales rep. be present at the next meeting to discuss alternatives.

New Business: Insurance: The Board requested that PPM contact Phil Glorioso the insurance agent and ask him to come to the September meeting and that a notice should be placed in the newsletter so that homeowners may be present to ask questions.

Homeowners Forum: Several homeowners were present. A request was made that the Board advise homeowners currently flying flags of the proper procedures. The Board agreed to have an article placed in the next newsletter.

Correspondence: The Board reviewed correspondence from several homeowners requesting reimbursement of a plumbing bill for [] Park Crest Lane was denied, as the Board did not feel it was the association's responsibility. Request from [] Rimview Way was denied, as the Board did not feel that the association was responsible. County of San Diego is requesting to use the clubhouse for the upcoming November election. Upon motion made, second and carried the request was approved.

Adjournment: There being no further business the meeting was adjourned to the Executive Session to discuss legal issues at 6:50pm.

Next Meeting: The next meeting will be August 11, 2004 at 6:00 pm.

Respectfully Submitted,