Present Patty Werdowatz, President; Skip Kruszona, Vice President; Treasurer; Alex Moore, Secretary; Steve Huddleston, Charles Kachadoorian and John Marsh, Directors. Kathy Michaels represented Preferred Property Managers (PPM).

Call To Order The meeting was called to order at 6:00 p.m.

Minutes The January 12, 2005, Board of Directors Regular Meeting Minutes were approved as written.

Financial The Board reviewed the financial statement for the period ending January 31, 2005. The Board agreed to accept the financial statement as submitted, subject to audit.

Delinquencies The Board reviewed the delinquency recap sheet and no action was required.

Insurance Representative Phil Glorioso from Insurance Management Services was present to discuss with owners and Board members the existing policy coverage for the Association, and also suggestions for coverage on individual owner policies.

Landscape The Board reviewed the landscape walk through notes from January 24, 2005. No action was required.

Clubhouse John Marsh reported that the new cleaning company has been doing a good job and the rug in the clubhouse has been cleaned.

Pool/Spa No report was made or necessary.

Architectural
[] Pine Knoll Lane - Pagoda Lights:

The architectural request was approved as submitted.

[] Guinda Court - Window And Sliding Door And Air Conditioning Unit:

The architectural request was approved for the window and sliding glass door with the stipulation that the replacement door fit within the existing opening of the building. The architectural request for the air conditioning unit was approved as submitted.

[] Edge Park Way - Patio Cover:

The architectural request was approved as submitted.

Parking The Board expressed concerns regarding the poor service of the existing parking patrol company. PPM will contact the company regarding the Board's concerns, as well as obtain bids for the next meeting.

Old Business
Major Sidewalk Repairs:

PPM reported that all the grinding has been completed and that Westar would complete the replacements by the end of February.

2005 Painting Project:

PPM advised the Board that Matt Vidosh would be painting the wood that has been replaced on previous buildings by the end of February. The work for the four additional buildings will begin in March.

New Business
Wood Replacement:

PPM has met with two vendors and will begin obtaining bids.

Termite Tenting:

Robert Dauffenbach updated the Board on his conversations with the owners of [] and [] Rimpark Lane. The Board agreed to have the buildings tented by Terminex, at a cost of $4,000.00. Robert will obtain two dates and advise PPM of those dates.

Correspondence The Board reviewed the correspondence from the month and no action was required.

Next Meeting The next meeting is scheduled for March 9, 2005, at 6:00 p.m. in the Association's clubhouse.

Adjournment The meeting was adjourned at 8:00 p.m. into an Executive Session meeting.

Respectfully Submitted,