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

BOARD OF DIRECTORS MEETING

WEDNESDAY, OCTOBER 28, 2009

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 Kay Lawler, Ruth Simmons, Neil Koenig, Sandra Stettler, and Jackie Wright representing the managing agent. Lindsey Word was absent.

Motion was made, seconded and carried to approve the minutes of the September 23, 2009 Board of Directors meeting and Executive Session as written.

HOMEOWNERS FORUM

Homeowners present were Tom Fox of unit 219 and Wilson Barbee of unit 132. There was discussion regarding whether or not there will be an increase in the maintenance assessment for 2010, and suggestions were made regarding more energy efficient exterior lighting. Management will ask Larry Hiser to come up with a recommendation for a lighting replacement program.

The Financial Report was reviewed and accepted as presented.

UNFINISHED BUSINESS

Management presented the engineer’s report for the south perimeter brick wall, and there was discussion regarding the fact that the proposal from Brick Restoration will need to be revised in accordance with the engineer’s report. There was further discussion regarding whether or not the wrought iron should be replaced with brick, as well as the fact that there are other sections of the perimeter that will require attention. Management will ask Larry Hiser to measure the south section to confirm the measurements reflected in the engineer’s report. A suggestion was made to contact owners with applicable background or experience to try to formulate a committee to assist the board in making recommendations regarding repairs to the perimeter walls.

River Oaks Place

Minutes

Page Two

Management advised that communication with Comcast is continuing in a serious effort to complete the wiring in those buildings left incomplete and to repair the fire walls compromised by Comcast. In addition, it was reported that the re-wiring in building K has been completed by another Comcast sub-contractor and this has been inspected by Larry Hiser, on site maintenance.

It was agreed that the next community function will be held in the spring of 2010.

NEW BUSINESS

Management advised that unit 223 is scheduled to close on November 11, 2009, and unit 199 is scheduled to close on November 20, 2009.

The next Board of Directors meeting will be held on Wednesday, December 2, 2009. No meeting will be held in November due to the Thanksgiving holiday.

There being no further business, the meeting was adjourned to Executive Session at 8:30 p.m.

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Approved Date