RECORD OF PROCEEDINGS
BOARD OF DIRECTORS’ REGULAR MEETING
THE KNOLLS VILLAGE TOWNHOUSE ASSOCIATION

A regular meeting of the Knolls Village Townhouse Association was held on Tuesday, October 4, 2005 at the association clubhouse at 6:30 PM. Present were directors Loren Rohl, Barbara Arnold, Ken Holloman, Kathleen Sutton, Martin Jepkes, Bob Evans and Barbara Stokes; Committee Chairs Harold Arnold, Fred Langford, Marilyn Heinle, and Ilena Lea; and Manager Warren Deutsch. Joan Rowe was present to record the proceedings. Three homeowners were also present at the meeting.

Ken Holloman made a motion to accept the financials as presented. The motion was seconded by Barbara Arnold and was passed.

A motion was made by Barbara Arnold and seconded by Ken Holloman to approve the minutes of the September 6, 2005 meeting as written. The motion was passed.

Fred Langford, Web-Site Manager, stated that no additions have been made to the web-site.

Marilyn Heinle, Hospitality Committee, stated that a coffee will be held on Saturday and the candidates for the Board of Directors have been asked to attend.

Ilena Lea, Clubhouse Committee, asked that a bucket of cleaning supplies be made available in the clubhouse. Instructions in the kitchen area need to be updated.

Harold Arnold, Newsletter, stated that a couple of people are needed to deliver the paper. Delivery is scheduled for this week. Harold also reported that several mailboxes have been broken into. A pumpkin carving contest will be held on October 31st, with judging from 5:00 – 7:00 PM and cash prizes for 1st ($20.00), 2nd ($10.00) and 3rd ($5.00) places.

Barbara Arnold, Treasurer, reported that the reserve funds total $499,746.00. The money market funds total $102,824.00 and the rest is invested in US T-bills and notes. The painting escrow fund totals $3,847.00. Barbara presented a proposed budget to the Board.

Kathleen Sutton made a motion to approve the 2006 budget prepared by the Finance Committee and presented by Barbara Arnold. Ken Holloman seconded the motion and it was passed.

Warren Deutsch, Maintenance Manager, stated that the storm drainage project by the City of Centennial should be completed by the end of October. The asphalt crack-filling project has been completed. A proposal from American Civil Constructors for 2005-2006 snow removal services has been received.

Ken Holloman and Loren Rohl attended a preliminary meeting regarding the Southglenn Mall renovation project.

Plans for driveway replacement and repair were reviewed on the fall walk-through by the Board. The Board members also identified trees to be removed.

Kathleen Sutton, Nominating Committee, has received 80 directed proxies to date.

Information is still being gathered regarding the clubhouse air-conditioning system. A letter has been sent from the association to the management of the University Towne Center regarding the condition of the privacy and split-rail fencing. Paperwork was submitted to receive money from a settlement fund for Aon Corporation.

By electronic vote, the Board approved the purchase of gift certificates totaling $350.00 for a retiring volunteer and the pool personnel.

By electronic vote, the Board approved an increase of $3,000.00 to complete the crack-filling project.

Warren Deutsch will research solutions for the lighting near 2698 East Fremont Place. The enhanced lettering on the entrance sign will be completed by the end of the week.

There being no further business, the meeting was adjourned.