Glen Oaks HOA - 2 Qtr Meeting Minutes

Financials:
- Current Financials are on target for the year.
- Board discussed the 2006-07 budget and approved all items except for the
front entrance project, as final estimates were still pending. Budget will
be posted on the Glen Oaks website for all homeowners to view.
- Subsequent to the meeting, the Board approved the 2006-07 budget with the
final estimate from the landscaping contractor.

Community:
- Front Entrance discussion on the latest estimate from the preferred
contractor. Board voted to move forward with Annie Riggs' recommendation to
hire ENVIRO-scapes for the front entrance improvement project - pending
final estimate is in line with 2006-07 budget. Subsequent to meeting,
contractor submitted bid below the target cost and Board has agreed to move
forward with improvement project in October.

- The Ridge Golf course management company (Troon) has agreed to take over
the mowing of our front entrance in exchange for a formal easement for golf
carts crossing. This will save the Glen Oaks community approimately $4000 in
annual landscaping expense. Troon has agreed to reimburse our lawyers up to
$1000 for their review and approval. Subsequent to meeting, the HOA law firm
has agreed to review the Troon documents for $1000 or less. The landscaping
will be effective as soon as possible in show of good faith.

- The Glen Oaks website will have a new webmaster, Dovina Qu (pending
successful interview). Dovina has volunteered to update and enhance the Glen
Oaks website. Cathy Anderson has agreed to be the point person to review and
approve all changes before posting. Subsequent to meeting, Laurie
interviewed Dovina and has approved her going forward in this much needed
volunteer position.

- Glen Oaks Summer Party will be held in Sept. The volunteer for this year's
summer BBQ is Jadi Faul. Please contact Jadi to volunteer to help out.

Board Transition:
- Laurie O'Hara-Torres (president) will be stepping down from the Board
effective Aug 1st, as she and her family are moving to CA.
- Rich Wiley will assume the President position. Annie Riggs will assume the
Vice-president position. Cathy Anderson will assume the Secretary position.
Andy Gillespie will remain the Treasurer.
- The Board is requesting volunteers from the community to serve as a
Boardmember at large.