Exeter Homeowners Association

The meeting was held at the Exeter Clubhouse on May 26, 2005.

The meeting was called to order at 7:14PM by Calvin Neal.

Resident Forum

- Item discussed during the resident forum without resolution: a homeowner on Stableview requested that the Board consider moving the new trash container placed near his unit to the opposite corner so not to detract from his view (it is adjacent to his deck) and smell from the trash drifts toward his property.

Summarizing the meeting, the Board:

- Appointed Michael White to serve on the Board until such time that he moves from the community.

- Agreed to appoint Calvin Neal as President, Jennifer Whyte as Vice President, Misha Ptak as Treasurer, and Marilyn Torres as Secretary.

- Financial summary through 04/30/05 is as follows:

Operating Account $90,637.92
Reserves $597.493.62
Delinquencies $19,448.41

- Approved a donation two hundred dollars ($200) to Heritage High School Project Graduation.

- Accepted the nomination of Jon Everhart to serve on the Architectural Review Board.

- Accepted the nomination of Margie Fortman to serve on the Pool Committee.

- Awarded a contract to re-key the clubhouse to Wallace Lock & Key in the amount of $665.20.

- Agreed to invest the maturing Certificate of Deposit at M&T Bank at an interest rate of 3.44% for 12 months.

- Agreed to invest the maturing Certificate of Deposit at M&T Bank at an interest rate of 2.96% for 6 months.

- Agreed to purchase a hunter green picnic table to replace the table outside the pool.

The meeting adjourned at 8:45PM.