SILVER RIDGE HOA

MEETING OF THE BOARD

MINUTES

29 SEPTEMBER 2003

The meeting was called to order at 7:04 P.M.

In attendance were Bonita Martin, President; Charles Bautz, Vice-President, and Shannon Frith, Secretary/Treasurer. Matt Gataky of the Architectural Control Committee was also present.

The minutes of the 25 August 2003 were approved as submitted.

TREASURER’S REPORT

The ending cash balance as of 30 August 2003 was $xxx.

Laurence Smith had not provided a schedule of legal fees by property as requested at the July meeting. Shannon will contact Laurence to request this again.

During the July meeting the Board asked Laurence Smith to find upon what the $2,500 of interest income budgeted for 2003 was based. Shannon will follow up with Laurence to see where his research stands.

Bonita requested that Shannon update and provide before the next meeting a revised copy of the monthly projected cash balances for the remainder of 2003.

ARCHITECTURAL CONTROL COMMITTEE REPORT

Matt informed us that Dania Aponte was resigning from the ACC since she will be moving out of the subdivision.

Laurence Smith did not provide a copy of the Covenant Violation form as promised during the July meeting. Matt will contact Laurence to get a copy.

OLD BUSINESS

Landscaping – At the July meeting, the Board informed Laurence Smith that the HOA would forgo Fall flower installation ($800). Subsequently, the landscaping contractor replaced all plants. Shannon agreed to follow up with Laurence on this subject.

Mailbox post painting – Matt agreed to prepare flyers and distribute to homeowners by October 10. Homeowners can paint their mailbox posts themselves by November 2, or have the HOA Board/ACC do it October 25/26 at a cost of $10. All mailbox posts not painted by November 2 will be painted by the HOA Board/ACC at a cost of $20 charged to the homeowner.

Homeowner lawn maintenance notices – Matt agreed to work with Laurence Smith to get Covenant Violation forms sent to homeowners that require lawn maintenance.

Trail Fence – Charles agreed to check on the knob to the gate to see it was operating properly.

NEW BUSINESS

Annual Meeting – The HOA annual meeting will be Monday, January 19, 2004 or Saturday, January 17, 2004 depending upon the availability of facilities. Bonita agreed to check to see when the meeting rooms are available.

The next Board meeting was schedule for Monday, October 27 at 7:00 P.M. at Bonita’s home, 4415 Silver Ridge Way.

The meeting was adjourned at 7:57 P.M.