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

A motion was made by Barbara Arnold and seconded by Don Rothschild to transfer the excess of operating funds for the year ending December 31, 2006 to the reserve funds. The motion was passed.

At a planning meeting held by the Board on December 2, 2006, the painting contract from Real Painting Co. for 124 units at $875.00 per unit was approved.

Barbara Arnold made a motion to approve the contract from Joan Rowe for bookkeeping services for 2007. The motion was seconded by Cheryl Scher and was passed.