La Reata Ranch September 10, 2006 Board Meeting Minutes

1. Call to Order 4:00 PM
2. August 2006 Minutes are approved.

New Business

1. Boyd- Reading of letter submitted by anonymous person regarding a concern of dogs running loose in the neighborhood. The anonymous resident expressed a concern that the CCR’s were not being enforced. The board will act by posting a message on the website and in the next newsletter reminding all homeowners to keep their pets leashed and penned up as required by sections 3.10 f the CCR’s.
2. Joy Dees will send out a meeting notification with agenda items to be voted on at the October 28, 2006 La Reata business meeting.
3. Joy Dees- A compilation report (review of financial records) is being performed by an outside accounting firm in accordance with section 8.07 of the CCR’s. Joy is sending all requested documents to the 3^rd party independent auditor. a.Joy presented an updated profit &loss statement. YTD the income is 25% higher than projected. Cash on hand is $79,940.32.

Old Business

1. Discussion of CCR revision and park development committees a.The CCR revision committee- Kevin Cochran will review the drafted changes next week. Once reviewed a draft will be posted on the website.
2. Park Pavillion- Boyd expects to receive a committee report and a survey will be completed by the next POA meeting to determine interest based on cost.
3. Pond Repair- Boyd received quotes, which seemed high. Boyd will obtain another quote before board decides on a contractor.
4. Gates and fencing for nature trail. Quotes to prevent vehicular traffic on the nature trail are in excess of $5K. The board feels homeowners could do this for less than $500.00. The board will present this option at the next POA meeting.
5. Garage matter- the board received a letter back from the property owner stating he/she will put one wall facing the street on the portico. The board expects to receive a recommendation from the architectural control committee.