Jasmine Park East Condominiums

THE PARK OF WOODSTREAM VILLAGE ASSOC. INC. Board of Directors Meeting Minutes October 27, 2016

The regular meeting of the PARK OF WOODSTREAM VILLAGE Board of Directors was called to order at 5:35 pm by John Todd, President, meeting in the Club House at 2770 South Elmira St. Denver, CO. 80231. The Directors were present or absent as indicated: John Todd Present Lisa Parrett Absent Martine Present Sharon Harris Absent Addison Thom Hanson Present Homeowner Forum: 14 or more home owners were present. Also present as invited guest was Rich Johnston, attorney. Also present was John Young, Property Manager.

QUORUM:  A quorum was achieved.

HOMEOWNER FORUM:  John Todd opened the meeting, he asked John Young to address the gathering. John introduced the guest, Rich Johnston and said he would be speaking after him. John acknowledged the concerns the home owners have been having for a year or more and asked for patience as he gets up to speed with the property. Rich Johnston talked about several areas, including who might be responsible for replacing skylights. This was an overview of common HOA’s and did not mean that this would be the same for this one. If the Board approved hiring him, he would do an in depth study of the many issues facing the Board. There was a lively and intelligent discussion that went on for more than 30 minutes. MINUTES:  On a motion duly made, seconded and passed, the minutes of September 22, 2016 were approved as presented.

FINANCIAL REPORTS:  The Board reviewed the financial reports for September 22, 2016, Thom Hanson asked about the financials done by MSI, John said that those should be ready for next meeting and will attach. It was moved and seconded to approve the financials.

M ANAGEMENT REPORTS:  John stated that the tree trunk was ground down and that they would be burying the plastic irrigation pipe.  John presented a bid for $5,000 to the Board for removal and replacement of driveway #7, Board felt the price was high and asked John to get an additional bid.  The real estate sign in the yard was removed the next day by the realtor.

UNFINISHED BUSINESS:  The Board asked if Homestead Painting had been paid, John said yes $3,696.00.  Roof over #17 in the kitchen was leaking, John to follow up.

NEW BUSINESS: Page 1 of 2  John was to follow up on inside repairs around the sky lights and who is responsible for them.  The Board approved the snow contract.  John asked that the Board move $160,000.00 form reserves to operations in order to continue doing repairs and an additional building block for roof repairs. The Board approved his request.  John presented the Budget for 2017, with no increase, the Board approved the Budget.  John presented two bids for painting the inside of ceiling were leaks have taken place with bad roofing, the Board approved to have High Country Painting do the work, they can replace damaged or rotten wood, seal and paint as necessary.  A motion was made and seconded to have Rich Johnston become the Associations attorney, passed unanimously.  John Todd stated that when Roof Arresters did his flat roofs, they left tire marks in the grass and dropped a pallet on his outdoor table, hold the check until repaired.  Repairs to the roof of Unit 17 completed.  The Board approved having John pay Perfect Pools, the winterization is complete.  The Board decided to drop Homestead Painting for the exterior of buildings.

VIOLATIONS:  No report was given

DESIGN REVIEW REQUEST:  No report at this time.

LANDSCAPE REPORT:  No report was given, due to participation of residents.

ADJOURN:  There being no further business to conduct; the meeting was declared adjourned at 8:40 pm. The next regular meeting will be November 22, 2016 5:30 pm.

Respectfully submitted, John Young, Acting Secretary