MINUTES

Reflections of Walnut Creek II Owners Association

Board of Directors Meeting

August 15 , 2005

Attending

Richard Kropp                                  Carter Rowles

Marcus Rowe                                    Ed Dorotik

Stan Scheiber, Beck and Company

John Yount, Austin Recondition Services

The meeting was called to order in the gazebo at 6:45 pm by Richard Kropp. 

Minutes from July 18 Meeting

Carter moved to approve the minutes as presented.  Marcus seconded.  Minutes were adopted by unanimous vote. 

Financial Report

Stan Scheiber presented the financial report. There were six delinquencies and the owners have been notified.

We have paid approximately $34,000 on the painting project as of the end of July. This amount does not include repairs to siding.

Progress Report on Painting/Repairs

John Yount stated that he had completed the walk-through of the property and compiled a detailed list of siding repairs needed as requested by the board during the July meeting. He estimated that the siding repairs will cost an additional $50,000. (This amount will be in addition to the $90,790 for the paint project approved during the May meeting.).

The additional amount is a result of many units needing more extensive siding repairs than originally anticipated. He estimated that the repairs and painting will take approximately 12-15 weeks to complete. The next 4-6 weeks will be spent on carpentry and caulking work and the painting should begin around the middle to the end of September, weather permitting.

The board approved the additional amount for the siding repairs.

It appears that some satellite receptors will have to be removed and reinstalled during the repairs to the siding. The board informed Mr. Yount that any costs associated with removal and reinstallation would rest with the individual owners. Mr. Yount also stated that some lattice work on a patio in an individual unit needs to be removed in order to make repairs. The board authorized Mr. Yount to remove the lattice work.

Paint Committee Report

Richard provided an update on the paint committee’s work. Several units have been painted with sample colors and the committee has requested comments from owners. The committee will meet soon to come up with final paint combinations that will be displayed on three units. Owners will then have a chance to vote on their favorite color. The colors for the body (siding) and the accent (shakes) have priority; the door and trim colors can be decided later.

Other Items

          An owner requested that the board review the possibility of installing a cover for the outgoing mail slot in the kiosk in order to keep rain out of the mailbox. Richard stated that he contacted the company that manufactured the kiosk and learned that the available covers will not fit our mailbox. The board decided not to pursue this issue further.

Next Board Meeting

          The next meeting is scheduled for Monday, September 19, 2005 at 6:45pm in the gazebo. 

Carter motioned to adjourn the meeting and Marcus seconded.  The meeting adjourned at 8:05 p.m.

Respectfully submitted:

Ed Dorotik

Secretary

Approved September 19, 2005 by:

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Richard Kropp, President                           Rita Pierson, Vice President

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Carter Rowles, Treasurer                           Marcus Rowe, Director at Large