Opening: Steve Cole, Board President, called the regular meeting of the Vintage at University Place Board of Directors to order at noon on June 2, 2002 at the Greenlee home..

Present
Steve Cole (President), Betty Simpson (Vice-President), Dana Greenlee (Secretary)

I. Open Issues

1. Reviewed Budget

1. The Board discussed line items that were more than 50% overspent by mid-year. These include some administrative expenses such as insurance and supplies. We mostly are on track.

2. Catch Basin

1. Board discussed options relating to the adjacent catch basin below Vintage. Further discussion will be presented at June 11 General Meeting.

II. New Issues

1. Common Area at Vintage Entry

1. Board discussed homeowners feedback about adding landscaping and screening to the Vintage entry, opposite side from the monument sign. Board President and the Grounds and Maintenance Committee will provide the planting labor.

III. Agenda for Next Meeting

Not yet determined.

Adjournment:
The next Board meeting will be at 1 pm, Sunday, July 14, 2002 at the Cole’s home.

Minutes submitted by: Dana Greenlee, Secretary/Treasurer, 6/2/2002