January 29. 2011

Château Heights Council of Co-Owners, Inc.

Annual Meeting

January 29, 2011

Location: Palmview Community Center

Date: January 29, 2011

Time: 10:00 AM

The meeting was called to order by president Roy Robles at 10:17 AM. There was not a quorum and the meeting was adjourned. The meeting was called again to order at 10:30 AM by president Robles.

Roll call indicated that property manager Ted Miller Jr. and lawyer Miguel Wise were in attendance as well as the following homeowners: 4, 5, 9, 11, 20, 25, 26, and 27. Proxies were tendered for units 17, 18, 28, 29, and 32 a quorum was present and the meeting was begun.

Proof of notice of meeting was presented by Ted Miller Jr.

The minutes of the annual meeting of January 30, 2010 were read. A motion was made, seconded and the minutes were unanimously accepted.

There was no Presidents report given.

The 2010 financial report was presented. Upon motion, second and unanimous vote the financial report was accepted.

There was no old business to be discussed.

There was no new business to be discussed.

The 2011 budget was presented. Upon motion, second and unanimous vote the budget was approved.

Upon motion, second and unanimous vote the 2011 assessment rate was set at $525 per quarter as it has been for several years.

There was then an election of two members to the board of directors. Upon motion, second and unanimous vote Gloria Sepulveda and Roger Moreno were elected for a two-year term.

Upon motion, second and unanimous vote it was agreed to extend the property managers contract for an additional year.

Upon motion second and unanimous vote it was agreed to hold the 2012 annual meeting on January 28, 2012.

There were several discussion items presented by the homeowners concerning general maintenance and other issues with no action taken.

Upon motion, second and unanimous vote the meeting was adjourned at 11:35 AM.