ARAPAHOE ESTATES SUBDIVISION

BOARD OF DIRECTORS MEETING

MINUTES

February 15, 2007

1.         CALL TO ORDER

The regular meeting of the Arapahoe Estates Board of Directors Meeting was held at the Salvation Army Chapel 3900 E. Arapahoe Road. President Lynn Johnson called the meeting to order at 7:10 PM.

Board Members Present:    Lynn Johnson, Lorelle Grazis, Mindy Dunbar, Peggy Kent, Randal Martines, Lance Chayet and Ed Stack. Jason McKesson and David Robinson were not able to attend. Also present was Virginia Bray, Association Manager. 

2.   HOMEOWNERS OPEN FORUM

No Forum was held.

3.  APPROVAL OF MINUTES

A.   January 17, 2007-It was motioned by Randal Martines and seconded by Mindy Dunbar (RM/MD) and the motion carried (MSC) to accept the minutes as submitted.

4. FINANCIAL REPORTS

1. January 31, 2007 – It was MSC RM/LC to accept the financials into the record.


2. Delinquencies- 


3. 2006/07 Tax Preparation-It was MSC to 


4. 2007/08 Budget Worksheets-No further action.


5. Invoices were approved and checks were signed by two Board members.

4.  MANAGERS REPORT

A.   Unfinished Business

1.    Restated Amended Governing Documents-The Board discussed the proposals from Myra Lansky, Lee Schiller and discounted the proposal from HindmanSanchez as to expensive.  It was motioned by Randal Martines and seconded by Mindy Dunbar, to approve the proposal from Myra Lansky for the amendment restated governing documents project and the motion carried (MSC).

2.    Board Representative for Amended Restated Document Project-It was MSC RM/ES to appoint Lance Chayet as the Board representative to work with Myra Lansky on the Restatement Amended Documents.  Staff will notify Myra of the Board’s decision and will request that the project be started right away if at all possible.

3.     2007/08 Budget-The Board reviewed and discussed the Association’s financial position and the Reserve Study from 2002.  Financials for January 2007 indicate that the Association will end the year with an approximate $30,000 deficit, due in part to the overage in the irrigation water expense.  The board decided to hold on approving a new budget until after the Annual Meeting and progress on the Amended Restated Governing Documents.

4.    Keesen Landscape Contract for 2007/08-It was MSC to renew the Keesen Landscape Contract with the reduction of almost $10,000 a season due to the removal of turf from the park. 

5.    Annual Meeting Information-The Board reviewed the proposed Notice and Agenda for the meeting and it was agreed that Mindy would prepare the notice and send it to Virginia for mailing.

5.         OTHER CORRESPONDENCE AND COMMUNICATIONS

            Peggy Kent informed the Board that she would not be running for the Board and that she will be moving.  Peggy turned over the Association documents that she has been keeping.  Board members thanked her for her service and wished her luck in the sale of her house and moving to a new community.

6.         NEXT MEETING DATE AND ADJOURNMENT

The next regular Board Meeting will be held on Thursday, April 19, 2007 at the Salvation Army Chapel, 3800 E. Arapahoe Road.  There being no further business before the Board, the meeting adjourned at

BY:_________________________                                                         ___________

                                                                                                                        Date