BOARD OF DIRECTORS MEETING

MINUTES – FEBRUARY 13, 2002

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A meeting of the Board of Directors was convened at Fairhill Elementary School, Fairfax, Virginia.

ATTENDANCE:

Kris Murthy          - President
Bill Perrelli            - Vice President
Sean Timm           - Treasurer
Gene Chun           - Secretary
Joe O’Brien          - Director
Jan Ward              - CMC

CALL TO ORDER
The meeting was called to order by Kris Murthy at 7:30 P.M.


COMMITTEE REPORTS

Newsletter:  no report given

ARB:  Wendy Timm reported that the committee is scheduled to meet the following week at which
time they will select a date for inspection of the community.  The date will be placed in the
newsletter to inform the residents.


MANAGEMENT REPORT

MATTERS FOR BOARD DECISION

2001 Audit & Tax Preparation

Sean Timm MOTIONED and Kris Murthy SECONDED to approve the proposal submitted by
Ahlberg and Company for preparation of the Association’s 2001 Audit and Tax Preparation.
VOTE:  Unanimous

Newsletter

The Board reviewed the draft of the Newsletter.  Printing will commence when Wendy Timm of
the ARB supplies a date for the committee’s inspection.  

Signage

Kris Murthy MOTIONED and Bill Perrelli SECONED to approve the purchase and installation
of “Children at Play” signs throughout the community.  The Board will walk the property and
inform Jan Ward of the installation locations and number of signs needed.  The Board requested
that Jan Ward obtain permission from Centex to proceed with the installation.VOTE: Unanimous


MATTERS FOR BOARD INFORMATION

January 2002 Financial Report
As the January financial statement was distributed at the meeting, the Board did not discuss it in any detail.


Delinquency Status Report
Jan Ward reported that there are currently two delinquent accounts and that collection procedures are in place.


Management Contract
Jan Ward distributed copies of CMC’s management contract for Board review.  The current contract is on a month to month basis.  CMC is asking that the Board review the new contract for decision at a later date.

Bond Release Update
Jan Ward reported that the developer is currently on target with the dates they informed the residents of.

The Board asked Jan Ward to inquire about speed limit specifications.


NEW BUSINESS
The Board asked Jan Ward to check on the expiration date of the current landscape contract.



ADJOURNMENT
Bill Perrelli MOTIONED and Gene Chun SECONDED to adjourn the meeting at 8:55 PM.  VOTE: Unanimous




Respectfully Submitted:          Attest:       
               
Jan Ward, CMC                   Gene Chun, Secretary        Date