BOARD OF DIRECTORS MEETING MINUTES

The Special Meeting of the Arapahoe Estates Board of Directors was held at the SG Plaza Building 2305 Arapahoe Road. President Lynn Johnson called the meeting to order at 7:10 PM.

Board Members Present: Lynn Johnson, Lorelle Grazis, Mindy Dunbar, Kathy Mashek, Lance Chayet, Ed Stack, Jason McKesson, David Robinson, Peggy Kent and Randal Martines were absent. Also present was Virginia Bray, Association Manager.

Others present: None

2. SB 100 RESOLUTIONS

A. SB 05 100-New State Statute-The Board reviewed and discussed each policy resolution. It was motioned by Ed Stack to approve the following Policy Resolutions as submitted by legal counsel, Myra Lansky, Powers Phillips. The motion passed unanimously:

1. Conduct of Meetings

2. Investment

3. Inspection of Records

It was MSC, Lorelle Grazis, to approve the following Resolutions with revisions to be made per the Boards direction by Powers Phillips:

1. Conflict of Interest

2. Adoption and Amendment of Policies, Procedures and Rules

3. Collection Policy and Procedure

4. Enforcement of the Declaration, Bylaws, Rules and Regulations, or Architectural Guidelines

3. OTHER BUSINESS

A. Lance Chayet asked the Board to approve an Architectural Application which he submitted through the web site to install a patio cover on the back of his home. The material for the cover is the same as the material used at DIA. It was MSC Ed Stack, to approve the application.

4. OTHER CORRESPONDENCE AND COMMUNICATIONS

A. Arapahoe Estates Water Board-Staff provided the Board with a list of the AEWB Board members and reported that the AEWB has provided staff with a copy of the last financial audit.

5. NEXT MEETING DATE AND ADJOURNMENT

The next regular Board Meeting will be held June 15, 2006. Location to be decided as the SG building meeting room may not be available anymore. There being no further business before the Board, the meeting adjourned at 8:45 P.M.

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Board Member Date