Annual Meeting Minutes for

Champion Lakes HOA

April 11, 2005

7:00pm

I. Roll Call- each member present gave address and was checked off by Sherry Jones

II. Member in good standing and voting clause read by Sherry Jones from both the Association By-laws and the Covenant.

III. State of the Association presented by Mike Kratz.

A. Expenses reduced particularly in lawn maintenance, management expense, water expenses, and cost of location of annual meeting.

B. $14, 000(appx) to be remaining at the end of this year and a proposal for a $25 credit to be given to each homeowner for the year 2006 contingent on the budget allowing it.

C. 25 Violation notices have been sent out this past year with approximately 100% compliance.

IV. Concerns of the members included:

A. Price of lawn maintenance. Mike restated that 10 bids had been received before and that current services were comparable to others prices in the area. Proposal of possible new bids being made and decision was struck down.

B. Cost of season flowers discussed. Members questioned why they could not be included in contract with lawn care company. Mike stated that in getting his 10 bids none of the companies included season flowers it was always a separate bid. He explained again that we could have planted them ourselves and saved the association money but no volunteers came forward to do so. Therefore, the association will pay to have them planted.

C. Annual party was discussed. It was a unanimous decision to hold the party on a different weekend (rather than a holiday) and to pay $200 dollars to have a bounce house for the kids. Fire and police department will be invited again and a $50 donation will be given to the fire department. Activity planning committee will contact area vendors to request donations for food and refreshments. Date will be the third weekend in July or July 16^th, 2005.

D. Motion made by the association to place lien on 2 homes that are 2 years behind in unpaid dues. Motion was unanimously supported by the homeowners in attendance.

V. Election of new secretary to board

A. Those wanting to be nominated ask to step forward and speak of themselves. None did. Sherry Jones said that she would hold the position again if no others were wanting to. Sherry Jones unanimously elected for a 2 year term on the board.

Meeting adjourned 8:08pm