July 10, 2007

Board Members Present: C. J. Whelan, Sharron Metz, Jerry Marshall and Caryn Winkler

Smoky Hill HOA Agent: Don and Carol LaBrot, Centennial Property Services

Homeowner’s Forum

The homeowner sign-in sheet is available for review upon request.

General Session

Called to order at 7:03 P.M. by C.J. Whelan

Jerry Marshall made a motion to approve minutes from the June Board meeting. Motion was seconded and approved by all.

· Steve Pulford reported to the activities of the Metro Board for the month of June. For additional information please refer to the Metro District website.

Centennial Property Services (CPS) presented the Associations current financial reports. The Balance sheet and Budget v. Actual reports (ending 6/30/07) were reviewed. Caryn Winkler made a motion to approve the financial reports (subject to audit). Motion was seconded and approved. The reports are available on the HOA’s website at www.smokyhillhoa.net.

Following discussion, Sharron Metz motioned to pay bills for the month of June. Motion was seconded and approved.

· CPS presented their activity report for the month of June 2007.

· Caryn Winkler presented the status of the legal report from Attorney James Wilder. This was discussed at length.

· Following discussion Caryn Winkler made a motion to approve that the HOA checking account balance not exceeds 2.5 times the monthly expenses. Should this happen, the amount over this balance will be transferred to the savings account or a CD, as determined by the Board. Motion was seconded and approved by all.

· Jerry Marshall made a motion to adjourn the meeting. Motion was seconded and approved by all. The meeting adjourned at 9:15 P.M.

C.J. Whelan called an executive meeting to order at 9:15 P.M.

Following discussion of delinquent accounts Jerry Marshall made a motion to waive a total of $11,856.28 as a matter of accounting practice. Motion was seconded and approved by all.

· Following discussion of delinquent accounts Caryn Winkler made a motion to have CPS send a letter of “intention to final a lien” to the properties that are included on the legal status list as noted.

· Sharron Metz made a motion to adjourn the meeting. Motion was seconded and approved by all. The meeting adjourned at 9:35 P.M.