SILVER RIDGE HOA

MEETING OF THE BOARD

MINUTES

25 AUGUST 2003

The meeting was called to order at 7:00 P.M.

In attendance were Charles Bautz; Shannon Frith; and Bonita Martin, all Board Members; and Laurence Smith of Neighborhood Management Associates (NMA).

The minutes of the 28 July 2003 were approved as submitted.

TREASURER’S REPORT

The ending cash balance as of 31 July 2003 was $xxx.

ARCHITECTURAL CONTROL COMMITTEE REPORT

No Report

OLD BUSINESS

Outstanding Dues – The Management Agency agreed to provide a list of all homeowners having outstanding dues in its monthly report. Additionally, Laurence will provide to the Board a schedule that shows which homeowners have legal fees included in the outstanding dues and the amount.

Landscaping Contract – The Board informed Laurence that we wish to have no “Annual Color” this fall (cost of $800) and no pine straw services. Laurence agreed to inform the landscaping company of these two items.

Mailbox post painting – The Board agreed that the tentative date for mailbox painting should be October 11. Further discussion was tabled.

Homeowner lawn maintenance notices – discussion tabled.

Trail Fence – Shannon has purchased the retaining poll for the second gate and will secure it to the gate within the next two weeks.

NEW BUSINESS

Laurence agreed to send a copy of NMA’s Covenant Violation Form for the Board’s review.

The Board agreed to set the date of the Annual Meeting at the next Board meeting.

Shannon moved that NMA begin collecting the $100 mandatory Association membership fee, as provided in the HOA by-laws, beginning with all new home sales. The motion was seconded and passed.

The next Board meeting was schedule for Monday, September 29 at 7:00 P.M. at Charles’s home, 1566 Silver Ridge Drive.

The meeting was adjourned at 7:55 P.M.