Board of Managers Meeting Minutes

For January 15, 2008

I. Call to order

President Ralph Dixon called to order the regular meeting of the Board of Managers at 7:00 pm on January 15, 2008, in the home of Ralph Dixon.

II. Attendance

Stephen Schmutte, Property Manager representing Kirkpatrick Management

Ralph Dixon, President

Roger Long, Secretary

Larry Leeds, Treasurer

Dave Crook, Member

Tom Maddox, Vice President, was absent

III. Board Approval

a) The minutes for the October 16, 2007 meeting were approved as written.

b) The minutes for the November 20, 2007 meeting were approved as written.

c) The October, 2007 financial report was approved.

d) The November, 2007 financial report was approved.

e) The December, 2007 financial report was discussed and approved.

f) The Annual Meeting will be on Monday, February 4, 2008 at the Clubhouse. The Board of Managers meeting is scheduled for February 19, 2008 at a location to be determined.

IV. Committees

a) Crime Watch: The recent light bulb theft, etc. in our community was discussed.

There were no other committee reports.

V. Board Information

a) Dave Crook was officially welcomed to the Board of Managers.

b) There are two nominations so far for the board position that is up for vote at the Annual Meeting. Steve had 18 proxies so far, so the Board members took some proxy forms, and a check will need to be made to find out if anyone has one in their hands- these need to be sent in to Steve S. @ Kirkpatrick.

c) The fireplace in the Clubhouse has been checked out after reports of a problem, and everything is now ok.

VI. Old Business

a) The Board voted to proceed with the installation of security lights on units along the Golf Course and the West End that did not have lights installed last year. The Board is assuming that the price to install these lights will be the same as last year’s price, and Steve S. is to proceed unless there is a substantial price increase.

VII. New Business

a) A decision was made to take the funds from the CDs that are maturing in February and March and deposit them in the Bloomfield Bank. A close watch will be made to see if the interest rates improve for long term CDs, and if the interest rates are favorable, CDs will then be purchased.

b) IPL has submitted a street lighting proposal to Steve S. Ralph D. and Steve S. are going to meet on Thursday, January 17, 2008 to check locations. The Board has questions on who is going to pay for what, and what are we paying now.

VIII. Adjournment

President Ralph Dixon adjourned the meeting at 8:23 pm.

Minutes submitted by: Roger Long, Secretary