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RECORD OF MOTIONS AND POLICIES
THE KNOLLS VILLAGE TOWNHOUSE ASSOCIATION

April 2, 2002

A motion was made by Lorraine Black to approve the audited financial statements for the year ended December 31, 2001. The motion was seconded by Don Rothschild and was passed.

Due to the results of a field test for moisture in the floor of the lower level of the clubhouse, Fred Langford made a motion to amend the previously approved proposal and install ceramic tile on the floor and increase the budget for the project to $3,000.00. Don Rothschild seconded the motion and it was passed.

Fred Langford made a motion to work out a monthly billing with the Denver Water Board to improve the association’s cash flow, especially in high usage months. The motion was seconded by Don Rothschild and was passed.

A motion was made by Lorraine Black and seconded by Don Rothschild to purchased a $75.00 gift certificate for Lisa Racz. The motion was passed with Fred Langford abstaining.

By a telephone vote of 5 to 1, a contract was let to Paul Lamonthe and Associates in the amount of $34,000.00 for landscape design work at the clubhouse and the entrance.