Opening: Derek Lees, Board President, called the regular meeting of the Vintage at University Place Board of Directors to order on August 13, 2003.

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

I. Old Business

1. Delinquent Dues

The board reviewed the delinquent dues list. Derek to review the payment plans with Lianna. We currently have three homeowners on payment plans with one lien in place.

2. Budget

The Board reviewed the budget dated through September 2003. Sandi to review with Lianna the increase in bank and postage fees. Will also ask for details on the lighting repairs contingency.

Addendum: Lianna had entered an adjustment to the main contingency, which accounts for the increase on the lighting repairs. The bank and postage fees were nominal fees but with a low amount spent, the increase appears remarkably high.


II. New Business

1. General Membership Meeting Agenda

The Board reviewed the agenda for the general membership meeting on October 20th. Sandi will confirm names of new homeowners with Maria of Community Affairs as well as request an update of the community phone list to distribute at the meeting. The Board will confirm potential nominees for the 2004 Board.

The Board will phone individual homeowners to invite and remind of the meeting, confirm their attendance and ask interest for Board nominees and committees.


Adjournment

The General Membership meeting will be on Monday, October 20, 2003 from 7-8 pm at the Walter’s home.

The next Board meeting will be on Sunday, November 9, 2003 at 1:30 pm at the Semler home. The new 2004 Board members will be invited to attend.

Minutes submitted by Sandi Semler, Secretary/Treasurer. October 12, 2003.