March 5, 2002

Agenda Item Number

Topic

Discussion

Plan of Action

1

Certification of Meeting; Roll Call

Meeting called to order at 7:15 pm.

Roll Call Taken

2

Review & Approval of Minutes from December 9, 2001

Approval of minutes as submitted

Motion by Sam Galvan

Second by Dean Jones

Unanimous approval

3

Financial Report

January to December 2001

Financial Report for January to February 28 2002

See attached

See attached

Approval of the 2001 financial report as submitted by Ted Miller

Motion by Sam Galvan

Second by Dean Jones

Unanimous approval

Approval of the board to submit the 2001 financial report to the general association

membership with a recommendation for approval

Motion by Sam Galvan

Second by Dean Jones

Unanimous approval

Approval by the board re: the January 1 to February 28 2002 financial report as submitted by Ted Miller

Motion by Sam Galvan

Second by Dean Jones

Unanimous approval

4

Review and approval to proceed to foreclosure of properties for delinquent assessments

History of communication between the association and Rocky Salinas discussed

Mr. Henrichson shared the legal ramifications and procedures for foreclosure

Mr. Henrichson will arrange for a title report on the property owned by Rocky Salinas at the cost of $270.63 and will return to the next board meeting with the information obtained from this search. Mr. Miller will attempt to contact Rocky Salinas via phone or in person.

Motion by Dean Jones

Second by Sam Galvan

Unanimous approval

5

Authorize Ted Miller, Jr. to submit necessary documents to the Secretary of State indicating Miller & Associates as Registered Agent, as well as submit a Management Certificate to Hidalgo County Clerk indicating same, for the period of time Miller & Associates is acting as Property Manager for Meadowood Townhomes Homeowner’s Assocation , Inco

Discussion

Motion by Sam Galvan

Second by Dean Jones

Unanimous approval

6

Review of Declaration of Convenatns Conditions and Restrictions of Meadowood Twonhomes Homeowner’s Assocation, Inc.

Article VII: Article III, Section 2, Paragraph K

FYI

7

Townhome owners repair requests

Discussion re: repairs will be taken to the general meeting on March 22, 2002 at 7 PM.

George Roper requested a variance regarding the two colors of his townhome.

Board agreed to take this under advisement

8

Approval of location for annual meeting – March 22, 2002 @ 7 PM

Phyllis Hendrix’s Home

9

Agenda for annual meeting

Add Exterior paint colors

Unanimous approval with the addition of exterior paint colors

10

Review Budget for 2002

Discussion

Unanimous approval of budget as submitted

11

Review assessment rate

Discussion

Unanimous approval of current assessment rate

12

Other Business

None

13

Adjournment

Meeting adjourned at 9:25 pm

Unanimous approval for adjournment of the meeting