Opening: Derek Lees, Board President, called the regular meeting of the Vintage at University Place Board of Directors to order on January 12, 2003 at the Greenlee home.

Present: Derek Lees, President; Rob Greenlee, Vice President; Sandi Semler, Secretary/Treasurer.

I. Old Business

1. Banking
The new board signed Columbia Bank signature forms.

2. Updated Resident Directory
Maria Casella, Community Events Chair, has distributed a request to homeowner’s asking to update the homeowner’s information list. She will be going door to door in an attempt to increase the response.

3. Landscaping Quote
The Board will receive quotes from Dan the Dirt Guy this week in order to make a final decision on landscaping and to determine a start date.

4. Drainage
Derek will check with Steve Cole on status of drainage pond with Westgate.

5. Delinquent Dues
Derek to discuss with Lianna status of delinquent dues and next action to be taken per policy.

II. New Business

1. Info Box
The Board discussed the option of having a central information “box” where forms, communications, etc. can be archived for future reference. Derek will check with Lianna to determine what information she retains.

2. CPA Review
Derek has requested that a CPA review reserve schedule with he and Lianna to obtain a clearer understanding and confirm that Vintage is on schedule with meeting future goals.

3. Update on Community Affairs
The next community event will be the Annual Easter Egg Hunt on Saturday, April 19, 2003.

4. General Membership Meeting
The General Membership Meeting will be held on Wednesday, February 12, 2003 at 7pm at the Walter’s home.

Adjournment:

The next Board meeting will be at 11 am, Sunday, February 9, 2003 at the Semlers house.

Minutes submitted by: Sandi Semler, Secretary/Treasurer, 1/20/2003