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Dakota Ridge Homeowners Association
Meeting Minutes
April 11, 2007

A meeting of the Dakota Ridge Homeowners Association was held on April 11, 2007 at 9:00 a.m. in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln, Steamboat Springs, Colorado.

Board Members: Diane Pietig
Jim Nichols (by phone)
David Zedeck
Tim DePuy



Guests: Nancy Kounovsky Stephanie McDonald
Medora Fralick
The meeting of the Board of the Dakota Ridge Homeowners Association was called to order at 9:00 a.m.


Financials
Nancy Kounovsky of The Commercial Property Group, LLC presented the 2007 Budget for final review before the Annual Meeting. The checking account and savings account statements were reviewed for verification of the final numbers also.

After review and discussion, David made a motion to carry the excess income over to the capital reserve line item. The motion was carried unanimously.

Roads
Native Excavating will be called to sweep the roads. Mosquito control is scheduled for the upcoming summer season. Weed control will also be addressed as scheduled. Crack and seal treatment will be done on the roads also.
NWCC will have a road assessment ready by the Annual Meeting. Medora will request a representative from NWCC to be at the Annual Meeting to give the road analysis presentation.


ARC – Diane Pietig
There are no updates or new requests to report.




Water Update
CDC submitted an updated analysis on the water system, which is included with these minutes for the record. This information will also be available at the Annual Meeting. Leakage of the water system is still presently exceeding 40%. Native Excavating was scheduled to repair a leak near the water tower last week. The Board asked that a representative from CDC attend the Annual Meeting to present the updated information.

Annual Meeting
The Annual Meeting will be held April 19th, 2007 at 9:00 a.m. at the Hampton Inn. The election of DRHOA Board members was closed as of April 9th. The results will be announced at the Annual Meeting. The Agenda for the Annual Meeting was discussed and finalized.

Tim made a suggestion to move the Annual Meeting date for 2008 to a Saturday afternoon in March.

Other
Medora asked the Board if they would take under consideration a request from Bruce Thompson, who reads the water meters for DRHOA, for an increase in his fee from $150 to $200.
David made a motion to give The Commercial Property Group, LLC the authority to pay Bruce Thompson up to $250 a quarter depending on timeliness and accuracy of reporting and it was seconded by Diane. The motion was approved unanimously.

The next monthly meeting is May 10, 2007 at 1:00 p.m.

There being no further business the meeting was adjourned.

Respectfully submitted,


Stephanie McDonald
Secretary for the meeting