SKI WATCH ESTATES HOMEOWNERS ASSOCIATION

Board Meeting Minutes – Jun 19^th, 2008

Present:

Frank Harwood, Shawn McCann, Ed Hewes, Jeff Harber, George Pichel, Phil Gallmeier, Jim Harwood, Craig Heckman

Secretary:

Minutes from the 5-13-08 Meeting were reviewed and approved.

Treasurer Report:

No Report. All 2008 HOA dues are paid including any interest and attorney fees.

Old Business:

Street Lights / Underground Utilities Project:

Work continues on the underground utilities with the boring, trenching and transformer box work complete. Most of the street light poles are also installed.

Boat Insurance:

Our records of boat insurance are up to date.

Adjacent Property:

Frank and Bill Willhoit are still planning to meet with McKenzie to discuss the acquisition of additional land. They will try to determine what it would take to get Mr. McKenzie’s interest.

New Business:

Lake Project Discussion:

Craig Heckman reviewed some ideas regarding re-digging the lakes. Several alternatives were reviewed. The idea of acquiring equipment and performing the work by the HOA membership was suggested to significantly reduce the cost of the project. A phased approached was also suggested with partial lake closure (i.e. close Lake 1, 4, 5 and keep 2, 3 open, then do 2, 3). More planning and discussion with knowledgeable parties (Tom, JR, Chris Thompson, etc.) was also suggested.

Edging / Landscaping / Brush Trimming / Shoreline Work Proposal

The Board reviewed and approved Seth McCann’s proposal to do some work for the HOA over the June 20^th to August 20^th timeframe. The approved tasks include edging along Ski Lane, replacing some plants, brush trimming, and shoreline work on Lake 1 to reduce wake reflections. Up to $200 in materials plus 120 hours at $12/hour in labor was approved.

Kelly Vehicle Parking:

Joe and Kay Kelly had requested that the Board grant and exception to the CC&R’s regarding parking their vehicle on their lot while it is attached to their boat trailer.

A motion was made to grant the Kelly’s and exception until the 2008 Annual Meeting. This motion was not approved.

The motion was amended to grant the Kelly’s a 6 month exceptions if a boat house plan with a 6 month construction schedule were approved in the next 30 days. This motion was approved.

Course Maintenance:

$500 was approved for replacing all buoys on Lake 3, and the ski / gate buoys on Lakes 1 and 2. Jeff will order the material and Shawn offered to help with the installation.

Additional Checking Account: The Association Treasurer opened an additional account with Bank of America to enable transfer of tournament registration funds from the Skiwatch PayPal account to the association. The additional account will allow fund transfer in, while eliminating any outside connection to the regular association checking account.

Adjourn:

S. McCann, Secretary