The Meeting was held at 7:00 PM> at Dan Jordan’s home with Dan Jordan presiding. Board Members present were Dan Jordan, Bobbie Goodwin, Neal Mangold, Tom Caudell and Jan Hughen. Absent were Stan Slutzky and Chuck Cansler. Attending as a guest was Ben O’Callaghan, newly elected member of the Board for 2005.

Meeting minutes from November 15th, 2004 were approved.

Financial Report – It was decided to restate the Balance Sheet to split Current Assets into 2 major headings – Operating Fund (to include Cash on Hand), and Deferred Maintenance Accrual (DMA) of $161, 882.

Dan reported on the progress of negotiations concerning the Walls issue. While the specifics of these negotiations cannot be included in these minutes for obvious reasons, there were 5 specific points that needed the BOD’s input to continue negotiations. These were discussed at length and directions were given to Dan on the Board’s preferred position on each point.

Discussion then turned to those owners who had submitted letters requesting repair prior to the amendment, but who were not part of the plaintiff group in the lawsuit. Again the BOD gave Dan its wishes on how these individual cases be handled. They include Culpepper, Hutchison, Halpern and Scott. New requests from Kelly, Love and Pilkington were also discussed.

Mary received a faxed copy of a warranty deed for 2966 Waverly showing that the property has been deeded to Sally Butler.

NEW BUSINESS

NatureScapes has submitted a bid to plant 11 shrubs in the front area of Apsley Court for $330.  No decision was made to proceed until Bobbie and Dan review the location and report back to the Board.

The Board also approved plantings at entrance to Courtyards at no cost to the Association.

The Board approved a new contract for 2005 for Marquis Management to continue as property manager at no increase in fees.

Approval was given to have Karin Guzy (Webmaster) update the directory if the cost did not exceed $200. If the quote is higher, the Board must approve a higher figure.

The Meeting was adjourned at 8:45PM The next Board Meeting is scheduled for January 17th at 7:00PM at Ben O’Callaghan’s home at 2903 Yale Court.

Respectfully submitted,

Neal Mangold, Secretary