November 13, 2007

Minutes from the Silver Springs Single Family HOA Annual Meeting
(replacement meeting)

Board attendance: Skip Domenick, Lynn Cier, Sue Pollard, Gordon Jones

Members: Ron Yokubison, John Coursen, John and Debbie Sebek, Clay and Lucy Archer, Mike D’Olympio, Patrick Brennan, Palomaki’s, Matt Lindon, Steve Grady, Harry and Janet Fuller, Guy Sanderson, Julia Loughlin (Total of 20)

Still need a few more Silver Springs Board of Directors members on board. Surveys turned in included Clay and Lucy Archer, Tom Dougherty, Terry Moffit, and others.

Volunteering for Silver Springs HOA Board:

· Considerations for volunteering for the board

---Understand the time commitment

---Exercise sound and uniform judgment and meet fiduciary responsibilities of the HOA

---Familiarize yourself with all governing documents-CC&Rs and ARC Guidelines

---Willingness to work with community members to adhere to policies and keep them informed.

---Maintain a transparent means of conducting HOA affairs.

The Masters Association

Lakes update

Big Lake restoration is complete. Thanks to the home owners who have given access to the engineering equipment.
Little Lake restoration is being budgeted for 2009. Estimated cost is $30-40K.
No special assessment will be necessary as Masters assess us around $25K each year more than they actually need.

Tennis courts update

The tennis courts replacement has been completed.
Lock combination/access

Masters Budget

Projected reserve by the end of 2008 approximately $70K

Each property is accessed $175 by the Masters we give them $33,075 annually to mow the park lawn, to clean up the lakes, to pay for their manager, and to keep up the common areas.

Silver Springs Budget

Billing for annual fee of $220 will occur in February 2008

ARC Activities

Major renovations continue

No reports or accountability from chairperson.

We know members are making improvements but do not have a record of what the improvements are, whether they were approved, or follow-up.

Communication Committee
Silver Springs Web Site at www.silverspringshoa.org

Master Association has not worked on it for six years or more.

Dave and Michael will add content soon.

Park City web has produced a front page and a template.

Multifamily Rental Properties

Letter to all home owners reminding them that Silver Springs is a single family residence only. Rental or use of your home to more than one family is illegal and will be addressed with fines and prosecution.

One ongoing situation on Willow Loop. Attorney is involved.

Silver Springs – Other General Maintenance Issues

• Ground Water Drainage System

One access point was buried in Silver Springs Road and Lake Front Court and was reconstructed by Marquis Construction to allow access for cleaning. Actual Cost $2,550 paid by the HOA

• Notice to Homes along Willow Creek

Individual home owners have been contacted by Ranch Place about removing bridges.

• Pot hole repair completed
• Other projects (New Mailboxes??)
• Professional Management??

Meeting was adjourned.

Next Annual Meeting on October 13, 2008.