September 5, 2001

BOARD OF DIRECTORS MEETING

CHATEAU HEIGHTS COUNCIL OF CO-OWNERS, INC.

Location: home of Nancy Sheldon

Date: Wednesday, September 5, 2001

Time: 7:00 P.M.

In attendance: Roy Robles, President

Lydia Leo, Vice President

Nancy Sheldon, Secretary

Ted Miller, Manager

The meeting was called to order at 7:15 P.M., shortly after the arrival of Mrs. Edgar Gurza. Mrs. Gurza requested to meet with the Board to discuss a possible of reduction in finance charges on their account. Once Mrs. Gurza excused herself from the meeting, the Board was left to discuss her request that the Board forgive the finance charges on their account. A proposal was made by Lydia Leo that the Council should not forgive finance charges and would continue collection efforts against Mr. and Mrs. Gurza, with Ted Miller sending them written notification of the Board’s decision. Seconded by Nancy. Roy Robles dissenting.

Minutes of the prior meeting dated May 30, 2001 were reviewed. A motion was made for approval of minutes as written by Nancy Sheldon, seconded by Lydia Leo, and unanimously approved.

Financial reports were reviewed and a motion for approval was made by Nancy Sheldon, seconded by Lydia Leo, and unanimously approved.

There was discussion of ongoing work projects. Ted Miller informed the Board that the wall painting, cantera work, condo painting, and power washing was 85% completed. He is still seeking bids on the repair of ironwork.

The Board also discussed the fountain area. A motion was made by Nancy Sheldon to authorize Ted Miller to obtain pricing on replacing the three remaining palm trees with pink crepe myrtle within a $500.00 budget. Seconded by Roy Robles, unanimously approved. Ted Miller was also authorized to contact Cantu Construction’s landscaper concerning corner landscaping to replicate that of the Cantu area.

The Board discussed current and proposed collection guidelines. Ted Miller will revise Collection Policy to conform to the Declaration of Condominiums and present at the next meeting.

A motion for adjournment was made by Nancy Sheldon, seconded by Lydia Leo, and unanimously approved. The meeting was adjourned at 10:15 P.M.

Respectfully submitted by Nancy Sheldon