Kings Grant Homeowners Association Board of Directors Meeting

October 20, 2001 8:30 am

Attendance:      President Neil Darling

                        Vice President Alan Dalton

                        Secretary Marcus Thomas

                        Treasurer Lisa Whit

                        Director Donna Mullins

1.                  The President presented the agenda for the upcoming (10/20/2001) members meeting.

2.                  The President announced the resignation of Angela Loony as Director and proposed that she be replaced and that the other current vacancy be filled by Kathy Kenderish and Mike Zarudski. The President made a motion to accept the two as replacement Directors effective at the end of the current meeting. The motion was seconded by the Secretary and carried by unanimous vote.

3.                  The President discussed the need to clarify an ambiguity in the Covenants as to the exact definition of the term “jogging.” The Secretary moved that the issue be referred to the Rules Committee. The Vice President seconded the motion and by unanimous vote, the motion carried.

4.                  The President made motion that the board commit the issue of safety around the stable to the Easements and Common Areas Committee. The motion was seconded by the Vice President and by a unanimous vote, the motion carried.

5.                  The President advised that member Steve Kenderish had requested reimbursement for $25 for expensed incurred on road repair. The President moved that Mr. Kenderish be reimbursed. The motion was seconded by the Secretary and by unanimous vote, the motion carried.

6.                  The President moved that the date for which late fees will be charged for late payment of dues be extended to 10/31/2001. The motion was seconded by the Vice President and by unanimous vote, the motion carried.

7.                  The President moved that the Association terminate its contract with SR Management effective 30 days from 10/20/2001. The motion was seconded by the Vice President and by unanimous vote, the motion carried.

8.                  The President moved to adjourn the meeting. The motion was seconded by the Vice President and by unanimous vote, the motion carried.

Not Approved