Champion Lakes HOA

Meeting Agenda 8/8/05

I. Finances

A. Operating Accounts reflect $15,006.48 with accounts receivable at $2,801.92.

B. Monies spent include

1. Block party $300

2. Flowers $629.12

3. Liability insurance $1,328.00 for the year

4. Officers insurance $823.00 for 3 years

C. Monies owed include

1. 9 homes still unpaid @ $422.50 each (includes yearly dues, late fees, as well as lawyer fees)

2. 2 homes partial paid

D. Sign up front- bids need to be collected.

E. Tree Bids have been collected. Arborist has been selected and this work will be done in October

F. Violation letters

1. Fee for violation will be $20 a day. Each letter will include a date by which compliance is expected and fee will be assessed everyday thereafter.

2. Letters need to be sent concerning basketball hoops.

G. Upcoming garage sale date is September 16^th and 17^th. Association will be paying for ad to be placed in Dallas Morning news.

H. Questions & Concerns