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RECORD OF MOTIONS AND POLICIES 
THE KNOLLS VILLAGE TOWNHOUSE ASSOCIATION 
September 5, 2006

By electronic vote, the Board approved a loan from the reserve account to the painting escrow account of $18,000.00 ($3,600.00 for this year’s cycle and an additional 18 units from next year’s cycle for $14,400.00).  This amount should be paid back by the end of the year. 

Dick Campbell made a motion that all remaining units (124) in the complex be painted in 2007, subject to a final contract cost.  The motion was seconded by Cheryl Scher and was passed.

A motion was made by Dick Campbell and seconded by Cheryl Scher to spend up to $4,000.00 to paint the large pool.  The motion was passed.

The dues increase passed voted on by homeowners has passed.  There were 272 written proxies counted and the count was:  221 in favor and 51 against.  The dues will be $125.00 beginning on January 1, 2007.