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, August 4, 2009 at the association clubhouse at 6:30 PM. Present were Directors Loren Rohl, Dick Campbell, Doug Hall, Barbara Stokes, Josh Lunde and Rick Olson; Committee Chairs Ann Kingery and Fred Langford; Pool Manager Jean Oatman and Manager Warren Deutsch. Joan Rowe was present to record the proceedings.

A motion was made by Doug Hall and seconded by Barbara Stokes to accept the financial statements for July, 2009 as presented. The motion was passed.

Josh Lunde made a motion to approve the minutes of the July 7, 2009 board meeting as written. The motion was seconded by Dick Campbell and was passed.

Fred Langford, Web-Site Manager, reported that the June minutes, June balance sheet and the agenda for this meeting were posted to the web-site. The transformation of the web site from the FrontPage format to a standard web site format is continuing.

Ann Kingery, Special Events Committee, reported that the ice cream social was a success. The Labor Day picnic will be held on September 7th at 4:00 pm.

Dick Campbell reported that the tennis court rules that are posted at the courts have remained in place. Jean Oatman stated that the attendants have had some problems with the stability of the umbrellas stands.

Doug Hall, Treasurer, stated that the balance of the reserve fund is $397,643.00 and the paint fund balance is $28,085.00. A T-bill will mature on August 27th.

Warren Deutsch, Maintenance Manager, reported that the shearing and pruning project contracted to Rushton is in the fourth week and he expects the project to be completed in less than two weeks. The association crew has been cutting large shrubs to the ground and removing large junipers in order to have the brush chipped by Rushton, since their equipment is on site. The association received three bids for seal coating, crack filling, repair of broken asphalt and surface asphalt patching.

Barbara Stokes made a motion to contract with Metro Pavers and to spend up to $45,000.00 for seal coating, crack filling, removal and replacement of broken asphalt and surfacing patching. The motion was seconded by Dick Campbell and was passed.

The Board discussed satellite dish installation process. Even though line of site installation must be allowed, a homeowner should submit a request to the architectural control committee.

Josh Lunde will chair the Nominating Committee. The terms of Barbara Stokes and Rick Olson will expire this year. Both have agreed to be candidates for new terms.

New legislation from the state of Colorado requires the association to adopt a policy regarding reserve studies (House Bill 90-1359). The association has until July 1, 2010 to establish a reserve fund policy.

There being no further business, the meeting was adjourned.