Ryder Cup at Plum Creek Homeowners Association

November 18, 2004 Meeting Minutes

November 18, 2004 Meeting Minutes

RYDER CUP AT PLUM CREEK HOMEOWNERS
ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING MINUTES

Thursday, November 18, 2004

I. CALL TO ORDER

The November meeting of the Board of Directors of the Ryder Cup at Plum Creek Homeowners Association, Inc. was held on the evening of November 18, 2004 at the Phillip Miller Library, Wells Fargo Room, Castle Rock, CO. Board members present: Laura Cuddihy, Marianne Rives, Shawn Strain and Earl Wood. Board members absent: Nicholas Grove and David Guillen. Representing management: Kim Maguire with Premier Property Management, LLC. Homeowners present were: Gay Shaffer, Susan Redd and Ron Redd.

II. REVIEW AND APPROVAL OF BOARD MEETING MINUTES
The minutes of the October 28, 2004 Board Meeting were reviewed. Mr. Strain made a motion to accept the minutes as presented, seconded by Mr. Wood. Motion passed 3-0 with Ms. Cuddihy abstaining.

III. REVIEW AND APPROVE OCTOBER 31, 2004 FINANCIAL STATEMENTS
The financials were reviewed. Mr. Wood moved to approve the financials. Mr. Strain seconded that motion. Motion passed 4-0.

IV. 2005 BUDGET PRESENTATION AND BUDGET RATIFICATION
The Board presented the budget to the homeowners in attendance. Mr. Redd voiced his view that the goal of the Board should be to lower dues over the years. Ms. Maguire suggested that a committee be formed to work on the budget next year with that goal in mind. Ms. Redd questioned the 10% raise given to management. She also stated her concern that by turning fences over to the homeowners, services have been diminished yet there is no refund in dues. It was also questioned what the Board considers a “healthy” reserve balance.

The 2005 Budget Ratification Notice was mailed to all homeowners on October 30, 2004. Two households were present at the meeting and rejected the budget. The 2005 budget was thusly ratified.

V. ADJOURNMENT
Mr. Strain moved to adjourn the general meeting at 8:00 p.m. Mr. Wood seconded, and the meeting adjourned. The next meeting will be held on Thursday, January 27, 2005 at the Philip Miller Library, Wells Fargo Room at 7:00 pm.

Respectfully submitted,
Marianne Rives, Secretary