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

Absent: Steve Huddleston, Director.

Call To Order: The meeting was called to order at 5:45 p.m.

Show Cause Hearing:
[] Pine Knoll Lane - Clubhouse Rules:

The owners were present to discuss reported clubhouse rule violations with the Board. After a lengthy discussion, the Board agreed that PPM would obtain a copy of any security report that may pertain to the rule violation incident, and in addition, will check the Clubhouse Rental Agreement to confirm that it does state that owners are responsible to clean up their trash after the use of the clubhouse.

Minutes: The February 9, 2005, Board of Directors Regular Meeting and Executive Session Meeting Minutes were approved as written.

Financial: The board reviewed the financial statement for the period ending February 28, 2005. The Board agreed to accept the financial statement as submitted, subject to audit.

Delinquencies: The Board reviewed the delinquency recap sheet.

Account No. []-[]:

The owner requested that the Board waive the late fees and lien letter fee from the account. It was agreed that the fees would be waived as a one-time courtesy, and PPM will write the owners a letter accordingly.

Landscape: The Board reviewed the landscape walk through notes from February. No action was required.

Clubhouse: No Report.

Pool/Spa:
Pool Access System:

PPM was asked by the Board to contact Curtis Management Company regarding the possibility of sharing costs with Villa Monterey COA for replacement of the existing system. This would be in an attempt to provide a better resident monitoring facility use system for both Associations.

Architectural:
[] Edge Park Way - Replace Patio Door:

The Board declined the architectural request as submitted to replace the existing patio door with a new vinyl door. The owners need to submit additional information regarding the quality and color of the new door they propose to install.

[] Pine Knoll Lane - Installation Of Bricks/Stepping Stones:

The Board declined the architectural request as submitted for installation of stepping-stones at the front walkway and bricks under the front window. PPM will provide the owners information on the acceptable installation for brickwork and stepping-stones, and they will need to submit a new form with the acceptable information.

Parking:
Patrol Service:

The Board expressed concerns regarding the poor service with the existing parking patrol company. In addition, the Board agreed that the current parking rules should be reviewed for revisions. The Board requested PPM to contact Curtis Management Company and inquire about the "COA's" possible interest in sharing costs for a patrol service in both the "COA" and "HOA" communities. PPM will provide a copy of the current parking rules in the next Board meeting packet for further discussion. PPM will also obtain bids for new patrol services.

Old Business:
Wood Replacement Project:

The Board reviewed the proposals from CBS, Inc. and M&M for wood replacement on buildings. The Board agreed to hire CBS, Inc. to complete the wood replacement on the next group of buildings.

Termite Tenting:

PPM advised the Board that building []/[] Rimpark Lane has been scheduled for tenting March 9th through March 11th. The Board requested that PPM obtain additional prices for local treatment of termites. PPM will also contact Dewey Pest Control to inquire if a discount rate can be given to the Association if more than one unit is treated at a time.

Corespondence: The Board Reviewed The Correspondence As Follows:
Creative Pools - Maintenance Increase:

After discussion, a motion was made, seconded and carried to accept the $15.00 per month increase from Creative Pools for the pool maintenance service contract.

Dewey Pest Control - Termite Protection:

The Board agreed not to renew the termite protection on building [] Rimpark Lane at this time.

Pool Area Incidents:

The Board reviewed letters from residents regarding unacceptable activities at the pool area. The Board requested that PPM contact one of the owners and request that they consider volunteering as a monitor for the pool area and submit a report to the Board at the next meeting.

Next Meeting: The Next meeting is scheduled for April 13, 2005, at 5:30 P.M. In the Association's clubhouse. The Annual Meeting will follow the regular meeting, registration to begin at 6:30 p.m., and the Annual Meeting will be called to order at 7:00 p.m.

Adjournment: The Meeting Was Adjourned At 7:05 P.M.

Respectfully Submitted,