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

BOARD OF DIRECTORS MEETING

WEDNESDAY, JUNE 24, 2009

MINUTES

The Board of Directors meeting for The River Oaks Place Council of Co-Owners, Inc. was called to order at 6:55 p.m. Those present were Kay Lawler, Sandra Stettler, Lindsey Word, and Jackie Wright representing the managing agent. Ruth Simmons and Neil Koenig were absent.

Motion was made, seconded and carried to approve the minutes of the May 27, 2009 Board of Directors meeting as written.

HOMEOWNER FORUM

Wilson Barbee of unit 132 and Mae Holm of unit 216 were present.

REPORTS

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

UNFINISHED BUSINESS

The current phase of Project Facelift is nearing completion at this time. Larry Hiser will perform and inspection and prepare the final punch list when he returns from vacation. Final payments will not be made to Ideal until all work is completed and approved by him.

Management was requested to issue a work order to on-site maintenance to make temporary repair to the carport/garage roof at unit 132. Wilson Barbee, owner requested to be able show them exactly where the leak is. This will be noted on the work order.

Management advised that the engineer has not yet been out to inspect the perimeter brick walls; therefore, this agenda item was tabled until the report has been received.

River Oaks Place

Minutes

Page Two

There was brief discussion regarding one report from a homeowner having problems with Comcast. The “On Demand” feature not working correctly. Also it was noted that the Association “door fee” check has still not been received from Comcast. The attorney, Kristi Slaughter is working on a letter to Comcast. Management reported that some other properties have now received their “door fee”. Hopefully this is a sign that the check for River Oaks Place will be forthcoming very soon.

There was discussion regarding landscaping requests from owners i.e., units 133, 143 and 175. The Board reviewed a

letter from the owner of unit 133 regarding the fact that the sprinklers outside her unit do not work. The owner of 143 sent an email requesting a new shrub to replace the tree that was previously removed. The landscaping concerns previously reported by unit 175 have now been addressed.

Management presented a proposal from Young Professionals in the amount of $555.00 to address the sprinkler issue at unit 133. Motion was made, seconded and carried to table approval of the proposal pending additional information regarding head locations and water pressure concerns.

It was reported that some of the blue pool coping tiles have come loose. Management will send a work order to Southern Pools to repair.

NEW BUSINESS

Management presented the summary page and Finance Agreement for the insurance renewal effective July 1, 2009. The premiums have increased approximately 32% over last year which is better than what was anticipated and budgeted for. Motion was made, seconded and carried to renew the insurance as proposed, and the documents were signed and returned to management.

Management presented the 2008 audit and tax return prepared by Kevin McKenna, CPA. Motion was made, seconded and carried to accept it as presented. The tax return was signed and returned, however Kay Lawler requested that it

River Oaks Place

Minutes

Page Three

not be filed until Ruth Simmons had the opportunity to review it. Management will follow up.

Management advised that there is now a link for the Association’s website on the Creative Management website as was requested.

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

___________________________________ ___________________

Approved Date