HUNTER’S RUN CONDOMINIUM ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING MINUTES

Monday, September 15, 2008

6:00 P.M.

I. CALL TO ORDER

The September 2008 meeting of the Board of Directors of the Hunter’s Run Condominium Association, Inc. was held on the evening of September 15, 2008 at the Ross University Hills Library, 4310 E. Amherst Avenue, Denver, Colorado 80222.  The meeting was called to order at 6:00 p.m. by President, Mark Overton.  Board Members present: Mike Westcott, Bonnie Ra, Georgia Swearingen, Mike Whalen, Mary Ann Kill, and Bob Swedberg.  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 July 14, 2008 meeting were reviewed by the Board.  One correction included, deleting Ms. Swearingen from attendance at the July 14, 2008 Board Meeting.  Mr. Whalen motioned to accept the minutes as corrected. Seconded by Mr. Westcott.  The Board unanimously approved the motion.

III. MANAGERS REPORT

Ms. Maguire presented the financial statements for month ending August 31, 2008.  Ms. Maguire noted that the Castle Rock Bank had funds in it exceeding the $100,000.00 FDIC insured limit.  Ms. Ra motioned that $125,000.00 be transferred from the account and moved to RBC Dain Rauscher to invest in CD’s. Seconded by Mr. Swedberg. Motion passed unanimously. It was noted that Ms. Maguire emailed the entire Board of Directors the bank statements and reconciliation reports for their review the second week of September.

IV. OLD BUSINESS

A new bike rack has been purchased and installed by Building M.  It was recommended that some type of pylon be placed by the bike rack so snow crews do not hit it. Discussion was held regarding security on the property.  This item was tabled from the last meeting.  The Board agreed that security would not stop theft in the area and it would require a large dues assessment to all owners and insurance liability coverage would need to be increased. The Board decided not to take any action at this time. Ms. Maguire continues to write violation letters regarding non patio furniture on patios and balconies. The tow company continues to monitor parking in Fire Lanes and handicap lanes/parking spaces and other vehicle violations.  A tow report is sent to management monthly and cars are towed that are in violation. Ms. Maguire was instructed to write a violation letter to the owner of a garage that is using it as storage instead of using it for parking her vehicle.  This is against the Association Governing Documents.  Ms. Maguire will send a letter as soon as possible.

V. NEW BUSINESS

It was noted that the Annual and the Budget Ratification meeting will be held at the Ross Hills Library on October 13, 2008 at 6:30 p.m. Discussion was held regarding G101 and G106 floor issues. Discussion was held regarding rentals. The Board will review and adopt the 2009 Budget via conference call at a date to be determined.  We are waiting for the Reserve Study to be completed. It was brought to the attention of the Board that an owner is housing two dogs.  Ms. Maguire has been instructed to write a letter to the owner, informing them that they are in violation of the Association Governing Documents.

VI. CORRESPONDENCE

An email from an owner at Building B was reviewed with the response from management regarding sexual offenders in the area. Issues regarding Bldg K with an Owner and a Tenant were briefly discussed.

VII. ADJOURNMENT

Ms. Ra made a motion to adjourn the monthly meeting at 7:10 p.m.  Ms. Kill seconded the motion. Motion passed unanimously.   The next meeting will be held on October 13, 2008.  The meeting will be held at 6:30 p.m. at the Ross University Hills Library.

Respectfully submitted,

Kim Maguire, Community Manager