The meeting was called to order in unit #104 at 6:45pm by Richard Kropp.

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

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 January there was approximately $41,125 in cash in all accounts. The balance is increasing steadily as almost all of the paint and siding repairs have been completed.

The Association paid for fire ant treatment in one of the units and this cost will be reimbursed by the owner. Owners are responsible for fire ant treatment in their patios.

The Association also paid $80 in December for mattress removal from the dumpsters. Ed will follow-up to ensure that a notice is placed in the next utility bill advising residents that they are responsible for disposal of large items such as furniture and mattresses, and that such items should not be placed in the dumpsters.

Stan stated that he is continuing to work with our billing service to ensure that individual owners, and not the Association, will be billed for meter reading charges when a unit changes occupants. He is also in ongoing discussion with them regarding the formula that is being used to allocate utility costs to individual owners.

In a related matter, the $4.70 per month surcharge being added to residents' bills is set to expire in August 2006. (The surcharge is being assessed by the City to recover costs of remaining debt service associated with the old North Austin Municipal Utility District prior to annexation of our subdivision.)

Most of the building repairs have been completed. Approximately $5,000 to $6,000 will be released to the contractor upon completion of remaining items.

Various violations were discussed, and it appears that most of these are being resolved, with the exception of a landscaping issue that will be followed up with the individual owner. Stan agreed to follow up with the owner to ensure that he is aware of the Association's rules regarding vegetation in the common areas. Richard stated that it would be beneficial to have a group that looks at violations in general and that this is usually in the purview of the Architectural Committee. Several owners have expressed an interest in serving on such a team, and Richard mentioned that he would like to ask for additional volunteers during the annual meeting to be held in May.

The Board reviewed an engineering report related to repairs to the exterior foundation in one of the buildings, and it determined that cost estimates should be obtained

The fence along Gracy Farms Lane is in need of repainting . It was not included in last year's paint /repair project. Stan agreed to obtain cost estimates for the next meeting.

Rita mentioned that several owners had repainted their screen doors without informing the Property Manager in writing of the improvement, as specified by the Association's Rules. Ed agreed to place a notice in the next utility billing indicating that owners should contact Beck and Company regarding any proposed changes to the exterior of units, including replacement or repainting of screen doors, so that they can be placed on the agenda for the next meeting.

The Web site, http://www.main.org/reflections2, has been updated with the most recent copies of board meetings. Ed will send copies of minutes for subsequent meetings to John Duncanson, the Webmaster , as they are approved by the Board.

The terms of office for the Board positions currently held by Richard and Carter will expire in May, and Richard has indicated that he is not seeking election to another term.

The next meeting is scheduled for Monday, April 17, 2006 at 6:45pm.

Carter motioned to adjourn the meeting and Rita seconded. The meeting adjourned at 8:00 p.m.