Roundtree Ranch

November 13, 2003 Minutes - Approved December 17, 2003

Dec 30, 2003

Present:
Michael Radig, Vice President
Phyllis Steele, Secretary
Susan Thomas, Member-at-large
JoEllen Kent, City Property Management

Absent:
Bob Pittman, President

Call to Order
Mr. Radig
called the meeting to order at 6:30 p.m.

Homeowner Forum
No homeowners were present.

Review and Approve Minutes
Minutes of the October 22, 2003 meeting were reviewed. MOTION for approval by Ms. Thomas; second by Ms. Steele. Unanimously APPROVED.

Review and Approve Financials
The financial records for October were reviewed. Ms. Steele had a question regarding the totals shown for the reserve account. Ms. Kent will get an answer. MOTION to accept by Ms. Steele; second by Ms. Thomas. Unanimously APPROVED.

Officer Reports
None

Old Business
Agreement with City Property Management will be $945 per month with late fees split $11 Roundtree Ranch HOA and $4 CPM. A contract will be presented next month.

The 2004 budget was studied and discussed. MOTION by Ms. Thomas to approve the budget as presented; second Ms. Steele. Unanimously APPROVED.

New Business
The reserve study shows that we should be reserving 45 cents per unit for future repairs. This is reflected in the new budget.

Adjournment
Meeting was adjourned at 6:50 p.m.