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/ MINUTES OF MEETING EMERALD POINTE PROPERTY OWNERS ASSOCIATION BOARD OF DIRECTORS NOVEMBER 17, 2007 MAIN ROOM OF THE CLUBHOUSE /,,"", , Il~ Tom Barbian, President, requested the Board Members and POA attendees to have a moment of silent prayer for Muriel Martin, Richard Koepp, both seriously ill and Kevin Jones from Kevin's Driveway Art for recent passing of his wife, As a quorum of directors were present, the meeting was called to order on November 17, 2007 at 9:04 a.m. by President, Tom Barbian. The Board of Directors/Officers were recognized: Tom Barbian, President; Barry Fuller, Vice President; Phil Aldred; Pat Riley, absent but listening by cell phone; C. B. Edwards Tom Tirohn, Treasurer; Judy Allen, Recording Secretary, absent. 63 Emerald Pointe Property Owner members were present. Members were reminded that this is a Board Meeting, not a membership meeting. Members are welcome as observers, not participants. If you need to present an issue to the Board, please send a memo to the President or contact any Board member. There will be a period of questions and discussion at the end of the meeting. The Board would like to thank all the residents for showing interest in the park by attending the Board meeting. No item which is not on the agenda or presented prior to the Board meeting will be addressed during the meeting. Minutes of the October 20, 2007 meeting were read by Sandy Herron, acting secretary. It was asked. if there were any corrections or additions to the minutes. Corrections from John Fuller to Barry Fuller on page 3. Change the warranty on the pool pump from 2 years to 1 year. Minutes approved as read and amended. A motion was made by Phil to accept the minutes as read and amended. Barry seconded the motion. Carried unanimously. TREASURER'S REPORT was given by Tom Tirohn. All fees have been paid for 2007. $1700 was collected in 2007 for late fees. Certificate of Deposit: $80,000 for a 7 mo. CD at 5 - 5.25% interest. This is $33,000 from Operating Reserve and $47,000 from the Capital Reserve. Motion was made by Barry to invest $80,000 into a 7 mo CD, it was seconded by Phil, motion carried. The Finance Committee met, participated with Tom Tirohn with the budget for the coming year. The recommendations were: $25,00 a month increase and a gift certificate for Christmas for our custodian due to her good work. Reimbursement for $95.82 for gas to Tom Barbian when he traveled south for the Hidden River meeting. OLD BUSINESS: Gazebo storaae buildina - C. B. offered a drawing and estimate of $1645 including a 10% miscellaneous. Construction will be vinyl, windows were donated. The estimate includes a garage door to accommodate the trailer, C. B. will check with city if permit is needed. Existing structure will not be enlarged, roof line win not be changed, it will be dosed in to be used primarily for storage. Funds will come from Maintenance in 2008. C. B. made a motion to accept this plan, Phil seconded, carried unanimously, Clubhouse East overhana repair: A volunteer crew will be doing this work in 2008. More labor intensive that cost. Expenses will come out of Building Maintenance. 1