Old Business

Discussion

Action

·   Accounts Receivable

·   Unsold Unit 504 – Unpaid HOA dues now over $10,000 and will create cash flow problems; recommend contacting owner to make him aware of situation.

·   KTTR to call owner prior to HOA meeting

·   Tree removal Update

·   Major removal of all (damaged) pine trees behind Buildings 2-4

·   Work complete; no further action

·   Transportation

·   Keystone transportation appealed and lost 3^rd appeal re: common carrier status; discriminatory practices against local HOA’s and condo complexes

·   Still no certainty in what will happen this winter

·   No invoice received to date; Board directed KTTR to withhold any payments until we receive an invoice.

·   Monitor; no action required

·   Commercial Lot

·   Andrea provided update:

·   Rookus has postponed 11/17 public hearing until 12/15 planning commission meeting

·   Planning Commission directed Rookus to retain some affordable housing on site; Rookus looking at 6 market-rate/2 deed-restricted units

·   KTTR – Invite Rookus Capital to HOA meeting to discuss plans and answer questions.

·   Building 5 issues

·   No problems reported in Building 5 since repairs in Aug/Sep

·   KTTR has not seen any problems in the building

·   No further action

·    

·   Landscaping issues; landscaping and drip system installed and in service on east and west sides; not connected for front berm area

·   Drip system not connected for front berm area

·   HOA could not landscape berm area since it was used as laydown area for Bldg 5

·   Unsure of status of bond for landscaping; need to check with County to see if builder has met requirements of Spring ’05 letter to install more trees/shrubs or default on bond.

·   KTTR - Mike M. – call County Planning re: berm and bus stop areas; check on status of bond for landscaping.

·   Fire protection – notified that sprinkler heads may be under a recall

·   KTTR reported that after checking, sprinklers were not being recalled, and  NO repairs conducted or extra costs incurred.

·   Complete; no further action

New Business

Discussion

Action

2006 Budget

·   KTTR provided proposed budget with explanations for budget increases

·   AG HOA Board concurred with proposed budget to be sent out to all HOA members

·   Key discussion:

o     Gas & electric – (+$7,406); uncertainty over gas prices

o     Transportation – (+$4,206); still no bills for transportation

o     Fire Alarm monitor – (+$1,000); 2 monitoring companies consolidated & raised rates

o     Spa repair/maint – (+$804); will be implementing hydrogen peroxide system

·   KTTR to get bids from independent gas providers to see if we can reduce

·   Board approved KTTR request to proceed with new system.

2006 Reserve Fund

·   KTTR provided reserve fund budget with board discussion

·   2006 major proposed activities:

o     Perform stain/seal of units (now 6 years old)

o     Seal concrete

o     Possibly defer planned repairs of concrete curbing

·   Unpaid HOA dues for unit 504 will have significant impact on ability to perform these actions.

·   KTTR: update with actual expenses

Open Discussion

Discussion

Action

·   Preps for annual board meeting at 9:00 on December 3, 2005.

·   KTTR to mail HOA notice and proposed budget

·   HOA Board meeting/telecon 8:00 MT on 12/3