THE RIVER OAKS PLACE COUNCIL OF CO-OWNERS, INC.

BOARD OF DIRECTORS MEETING

WEDNESDAY, DECEMBER 3, 2008

MINUTES

The Board of Directors meeting for The River Oaks Place Council of Co-Owners, Inc. was called to order at 7:00 p.m.  Those present were David Brashear, Kay Lawler, Ruth Simmons, Sandra Stettler, and Jackie Wright representing the managing agent.  There were no homeowners present.

Motion was made, seconded and carried to approve the minutes of the October 22, 2008 Board of Directors meeting as written.

Homeowner Forum was cancelled as no homeowners were present at the meeting.

There was discussion about the need to define a “guest” with regard to visitor parking.  A suggestion was made that a notice be mailed to all owners and residents to determine if there are any unused parking spaces that they may be willing to rent out.

The Financial Summary and Review were reviewed and accepted as presented.

UNFINISHED BUSINESS

There was discussion regarding progress being made on repairs as a result of Hurricane Ike.  The majority of the work is completed, with the exception of a few items to be completed by Ideal. 

The Board reviewed the drainage inspection report and recommendation presented by management.  Management was requested to obtain a proposal for the problem building/area from River Oaks Place landscaping Company, Young’s Professionals for the Board’s consideration. 

Management presented the proposed 2009 budget.  Motion was made, seconded and carried to approve the budget as presented.

River Oaks Place

Minutes

Page Two

NEW BUSINESS

The Board discussed the upcoming Annual Homeowners Meeting scheduled for Tuesday, January 20, 2009. 

Motion was made, seconded and carried to roll over the Smith Barney C.D. for another six months.

The Board approved holiday bonuses for the employees, and the cards to each were signed by the Board members on behalf of the Association.

Management presented a summary of documents and Resolutions that were passed when the community was with KRJ, but they were never filed of record.  The Board gave management direction as to which documents to file with the County Clerk’s office and which ones are not considered legal documents. The latter will be kept on file for reference.

Management was requested to order a new towing sign to replace the deteriorated sign to the right of the front gate.

Larry Hizer will be asked to check out what appears to be a hose coming out of a neighboring restaurant.  There was concern that they may be draining something in that area.

There being no further business, the meeting was adjourned to Executive Session.

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Approved                                Date