The meeting was called to order in the gazebo at 6:50 pm by Rita Pierson.

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

Stan introduced Adriane and stated that she will be providing direct property management assistance to the Association. Stan's role will become more supervisory in nature.

The Board decided to re-align the duties of officers as follows:

Rita Pierson, President
Carter Rowles, Vice President
Marcus Rowe, Treasurer
Ed Dorotik, Secretary
Cathy Martin, Member at Large

Stan presented the financial report. Several owners were delinquent and they have either been sent notices or turned over to the attorney for collection.

At the end of August there was approximately $36,680 in cash in all accounts. Stan estimated that the balance should be approximately $60,000 by the end of the year. This will still be somewhat below the estimated amount needed in the reserve account for future capital projects; however, barring unforeseen circumstances, the balance will continue to grow over the next couple of years to meet the reserve requirements.

Stan stated that the budget for next year will be discussed at the next meeting.

Ed stated that he had performed an analysis of monthly utility expenses and reimbursements for 2006 and it appears that reimbursements collected are somewhat less than the amounts paid for utilities. He stated that he would send a spreadsheet to Stan and Adriane with the details.

The board also asked Stan and Adriane to look into why the utility surcharge of $4.70 is still being collected on individual utility billings. It was the Board's understanding that the surcharge was associated with retirement of old debt associated with the North Austin Municipal Utility District and was incurred before Reflections II was annexed by the City of Austin. According to discussion in previous meetings, this surcharge was supposed to end in August 2006 but it is still being collected.

Rita, Ed and Marcus conducted a walk-through of the property on 9-16-06. Ed is working on a list of violations and will forward them to Stan and Adriane.

The repairs and repainting of the pool fence and furniture have been completed. The total cost was $1,870 for painting and $1,625 for welding work. The fence along Gracy Farms Lane has also been repainted, and Reflections I has reimbursed for the cost.

An estimate received for installing gutters and downspouts at the rear of units 34 and 54 was also discussed. The Board decided to not pursue this work and requested Stan and Adriane to determine how much it would cost for Beck and Co. to replace the existing water diverters (flashing).

The Board discussed the need to include the following items in the 2007 budget:

• A proposal received in the amount of $3,789 to replace landscaping timbers throughout the property
• An estimate for tree trimming in the amount of $2,640. The work involves raising the canopy over the entrances, and clearing roofs and structures on various buildings.
• A verbal estimate received from Proscape for $1,200 for removal of the pine trees.

The Board decided to renew the pool maintenance contract with Crystal Clear Pool and Spa based on the estimate received 9-5-06, for calendar year 2007. The cost will be $350 per month for November through March, and $460 per month for April through October.

Marcus discussed the need to replace the cushions on all of the furniture in the pool area. He stated that the most recent estimate exceeded $2,000 for replacement. He stated that he would perform additional research to determine if the items could be purchased for a lower cost from other sources.

The Board determined that the parking lot is still in good condition and does not need resurfacing at this time, even though the project is included in the capital budget for this year.

The next meeting is scheduled for Monday, November 13, 2006, in unit #33.

Cathy motioned to adjourn the meeting and Marcus seconded. The meeting adjourned at 7:45 p.m.