Marbella Board Meeting of October 17, 2007 (Minutes)

BOARD OF DIRECTORS MEETING

October 17, 2007

The Board of Directors Meeting of the Oaks North Marbella Homeowners Association was held on Wednesday, October 17, 2007 at the Oaks North Community Center, pursuant to the notice thereof sent to all Board members. It was determined that a quorum was present and the meeting was called to order by the President, Karen Wiley at 10:05 a.m.

Directors present: Karen Wiley, Marilyn Tipler, Jim Coote, and Maurice Nahum.

Also present: Greg Weiland, Chon Campillo (US Lawns) and Wendy DeVuyst.

MINUTES OF PREVIOUS MEETINGS

A motion was duly made by Maurice Nahum and seconded by Marilyn Tipler to approve the minutes of the previous Board meeting of 9/19/07 as written. Motion carried.

MEMBER PARTICIPATION - None

COMMITTEE REPORTS:

A. Maintenance … Karen Wiley

· Punch List – A new list was presented and reviewed. Most items from the last list have been completed. Entry plants were installed the first week in October and looked a little dull. Additional color was added.

· Irrigation Problems on Greenbelt – US Lawns has cut back on water times. They were directed to add a sprinkler to one area to provide better coverage.

· Walk Through with Board – Ms. Wiley, Marilyn Tipler, Jim Coote and Maurice Nahum walked the greenbelt two weeks ago and took photos of the problem areas. Due to possible water shortages in the future, we may need to reduce our water use on the greenbelt. The Board may need to consider changing out some landscaping, in accordance with the conditions in the Bylaws, to reduce water use. Discussion. We will include something in the newsletter and discuss this further at the Annual Meeting.

· There is a Palm tree on the Villas property that needed to be trimmed. The Villas have agreed to remove that tree next year.

· Status of Tree Work Approved Last Month – The work was done on 9/27 for $550.

· Status of Entry Lighting – All working. A lock has been placed on the timer box. Also, repaired and painted one of the electrical boxes.

B. Communications/Newsletter – Newsletter to go out this month with the Budget.

Discussion on articles.

C. Long Range Planning Committee

• Revisions to CC&R’s – Karen Wiley and Marilyn Tipler signed the documents for recording the recent amendment. Once we have received the recorded document a copy will be mailed to all owners. The Board will now review the final version of the changes to the CC&R’s with the attorney and mail them out to the owners for a vote after the first of the year.

CORRESPONDENCE – None.

Oaks North Marbella HOA minutes

Oct. 17, 2007

Page -2-

FINANCIAL REPORT … Maurice Nahum

A. Financial Statement - The Board reviewed and approved the financial statement ending 9/30/07. We are under budget year-to-date by about $2438.

B. Delinquent Accounts – All accounts are current.

C. 2008 Budget – The Board reviewed the revised figures for the 2008 budget. The tree trimming account was reduced, but the water, legal fees, landscape contract and landscape extras were increased. We also added a new line item for the CC&R update. An allocation is being made to the Reserves this year to bring the Reserves up so that they are closer to being funded at the appropriate levels. Discussion. A motion was duly made by Marilyn Tipler and seconded by Maurice Nahum to approve the 2008 budget as amended, with the quarterly assessment to increase by 10% to $170 per home. Motion carried.

UNFINISHED BUSINESS

A. Oaks North Community Center Architectural Review Committee (ONCC-ARC) – Karen Wiley called the ONCC Board and advised that we will seek someone for this position on the ARC via our newsletter.

B. Street Repair - Maurice Nahum suggested we wait until the Spring to review the streets and report the problems to the City.

C. Annual Meeting (11/7/07) – Discussion on refreshments for the meeting. The Board appointed Roland Kramer and Jan Moon to assist in counting the election ballots during the Annual Meeting.

NEW BUSINESS - None

With no further business to be brought before the Board, the meeting adjourned at 11:19 a.m.

Respectfully submitted,

Wendy DeVuyst,

Recording Secretary

NEXT BOARD MEETING: Wednesday, November 21, 2007 at 10:00 a.m.