Leewood Homeowners Association

June 12, 2002 Board Meeting

Minutes

Leona Taylor, President
Mohammed Umar, Treasurer
Al Sanford, Secretary

Minutes of the May 14, 2002 meeting were approved as written.

1. Review of monthly duties with highlighted duties below:
1. Provide financial information to auditor. (Mohammed)
2. Second quarter estimated taxes due June 15, 2002. (Mohammed)
3. Keeps eyes open for legislative changes in Virginia's "Property Owner's Acts". (Leona)
4. Send May's approved minutes and financial statements to Website. (Al)
5. Send out Assessment Notices mid-June; give to Lillards to mail June 22^nd. (Leona/Al)
2. Assessments: One account has been sent to our attorney. Fourteen delinquent letters have been sent out recently.
3. Reserve Study Proposals: Leona is in the process of getting responses back from references and asking further questions about the proposals.
4. Landscaping Study: Waiting on response from a third contractor.
5. Paper work signed for roll over purchase of two new CD's, transaction details reviewed. New CD's will be with Capitol One (previously with Etrade).

Vice President No Report

1. Financial Statement presented and reviewed. We are on budget for income. Largest variances in the budget are surpluses under Grounds & Maintenance, Trees and Shrubs.
2. A $22,000 deposit will be made to Schwab for reserve contribution.
3. Decision needs to be made at next Board meeting with regard to excess funds from 2001 and how to handle this money. Probably put into capital fund.

Secretary No Report

Board Member No Report

1. Penalty letters have gone out notifying 7059 Leestone Street and 7083 Leestone Street that they have reached the $900.00 maximum resulting from ARC violations not corrected.
2. 7058 Leestone Street:: Our attorney has been instructed to proceed with another suit.
3. Attorney has contacted us on the whereabouts of owner at 5288 Bradgen Court. The county sheriff tried to serve some papers and has not been successful.

1. Decided to move slowly on making the street repairs approved at our last meeting. Not a pressing issue.
2. Repair of sidewalks and curbs still in investigation stage.
3. Al Sanford to look into four areas where trees pruning has been requested.
1. 7042 Leestone Street
2. 5280 Bradgen Court (in the lot rear)
3. 7045 Leebrad Street (in the lot rear)
4. 7061 Bradgen Court
4. AAA Trash Removal rate increase starting July 1, 2002 discussed. Rate increase based on county raising tipping rates. Leona to review the contract to determine if this is an allowable increase and to check out county rates. The increase to Leewood will be 2.8% or an increase of $0.32 per unit to $12.06 per unit from $11.74 per unit. This will mean a monthly increase of approximately $62.40.

Website No Report

1. Leona to do President's Report and article on the Linconia Senior Center.
2. Al to do letter on watering and other grounds issues.

1. Several parking problems from the agenda discussed or noted for continuing review.

Submitted By

Al Sanford