HUNTER’S RUN CONDOMINIUM ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING MINUTES

Monday, July 14, 2008

6:00 P.M.

I. CALL TO ORDER

The July 2008 meeting of the Board of Directors of the Hunter’s Run Condominium Association, Inc. was held on the evening of July 14, 2008 at the Ross University Hills Library, 4310 E. Amherst Avenue, Denver, Colorado 80222.  The meeting was called to order at 6:05 p.m. by President, Mark Overton.  Board Members present: Mike Westcott, Bonnie Ra, and Mike Whalen. Absent Mary Ann Kill, and Bob Swedberg.  Absent, Georgia Swearingen. Representing management: Kim Maguire with Premier Property Management, LLC.  There were two Homeowners in attendance. 

II. REVIEW AND APPROVAL OF MINUTES

The minutes from the May 5, 2008 meeting were reviewed by the Board.  Ms. Ra motioned to accept the minutes as presented. Seconded by Mr. Whalen.  The Board unanimously approved the motion.

III. MANAGERS REPORT

a. Ms. Maguire presented month ending June 30, 2008 financials. Ms. Maguire noted that the Board of Directors were emailed the bank statements for the accounts for review and approval. Ms. Ra motioned to approve the financial statements as presented, seconded by Mr. Westcott.  Motion passed unanimously.

b. Ms. Maguire reviewed the delinquency summary with the Board. It was noted that  there are eight owners with balances over $1,000.00.  We currently have 146 rentals in the community, out of 270 units.

c. The final Audit was enclosed for the Boards review.  There were no questions. Ms. Ra motioned to approve the audit, seconded by Mr. Whalen.  Motion passed unanimously.  Ms. Maguire will have the webmaster post on the website.

IV. OLD BUSINESS

The replacement of the pond pump by Building K was approved via electronic mail.  Mr. Whalen motioned to ratify the approval, seconded by Ms. Ra.  Motion passed unanimously. A Reserve Study to be conducted was approved via electronic mail.  Ms. Ra motioned to ratify the approval, seconded by Mr. Whalen.  Motion passed unanimously. 

V. NEW BUSINESS

A request to waive a late fee from a homeowner was approved. A request to approve a payment plan from a homeowner was reviewed and approved.

Discussion was held regarding the installation and placement of a new bike rack.  Mr. Westcott motioned to approve the bike rake to be placed by Building M, seconded by Ms. Ra. Ms. Maguire will meet with the contractor on site for placement and the size will then be determined based on space allowed. The email from MaryAnn Kill was tabled until the next meeting. A request from a homeowner to store a vehicle on the property was denied. A letter from an owner was reviewed and discussed.  Owners should call police if there are trespassers in the pool after pool hours.  The letter also suggested a clock at the pool, which has already been up for one year. Ms. Maguire discussed several issues with Urban Farmer this year.

VI. ADJOURNMENT

Ms. Ra made a motion to adjourn the monthly meeting at 7:11 p.m.  Mr. Whalen seconded the motion.  Motion passed unanimously.   The next meeting will be held on September 15, 2008.  The meeting will be held at 6:00

p.m. at the Ross University Hills Library.

Respectfully submitted,

Kim Maguire, Community Manager