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Dakota Ridge Homeowners Association
Board of Directors
Meeting Minutes
February 10, 2011

A regular meeting of the board of directors of the Dakota Ridge Homeowners Association was held on February 10, 2011 at 8:30 a.m. in the Board Room of The Commercial Property Group, LLC at 3001 S. Lincoln, Steamboat Springs, Colorado.

Board Members: Michael Williams
Mindy Williams
Thomas Stone

Guests: Stephanie McDonald
Medora Fralick

The meeting was called to order at 8:30 a.m. The above mentioned board members and Stephanie McDonald and Medora Fralick were present.

The Financial report was the first item on the agenda. Discussion ensued on various line items. The Budget continues on track with the same items remaining under budget as at the last meeting. Past due accounts were again reviewed by the Board. The Association remains in a good position financially.

Under the Road report, there was no new information.

The next item on the agenda was the ARC report. Work on the home on Lot 12 is close to completion. Medora reported that the recently approved covenant changes have been sent to the Association’s attorney to draw up a formal amendment memorializing the approved changes. Separately, the ARC will need to meet to finalize Design Review Guideline changes which will then go before the Board for approval or denial. No new projects are before the ARC and there is only one incomplete project.

Under the Water Report, Medora stated that she has met with Tim Gibbons, the DRHOA water system manager, and he recommends some upgrades for the water treatment facility in the upcoming year. The Board agreed that preventative measures and adequate repair supplies in anticipation of potential pump failures should be addressed at this time as water system repair expenses have otherwise remained well below budget.

Under Other Business, the Annual Meeting date was set for March 19, 2011 from 9:00 a.m. until 11:00 a.m. at the Hampton Inn in Steamboat Springs, Colorado. Thomas asked that each Board member prepare his or her presentation in each respective area of responsibility by February 28th.

The next meeting is scheduled for Thursday, March 10th at 8:30 a.m.

There being no further business the meeting was adjourned.

Respectfully submitted,
Stephanie McDonald
Secretary for the meeting