SILVER RIDGE HOMEOWNER ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING

August 9, 2001 -7:00 P.M. at ORANGE COUNTY LIBRARY, HIAWASEE & SILVER STAR RD

MINUTES

CALL TO ORDER: Tony Greene called The meeting to order at 7:20 P.M. Present Tony Greene, Eric Oelschlager, Linda Harrell, of the Board of Directors, Lynda McGee was the representative from Don

Asher & Associates, Inc.

PROOF OF NOTICE: Eric placed the notice of the meeting at the entrance.

APPROVAL OF MINUTES FROM 4/19/01: Tony moved to dispense with the reading of the minutes and approve them as submitted. Seconded by Linda, vote called, all were in favor, motion carried.

APPOINTMENT OF DIRECTORS: A motion was made by Tony to appoint Matt Steinoff to fill the vacancy of Johnny Greene. Seconded by Eric, vote called, all were in favor, motion carried

ELECTION OF OFFICERS: A motion was made by Linda to nominate and elect the following officers for Silver Ridge:

President: Tony Greene

Vice President: Eric Oelschlager

Secretary: Matt Steinhoff

Treasurer: Linda Harrell

Seconded by Tony, vote called, all were in favor, motion carried

REPORTS:

MANAGEMENT -Lynda McGee submitted a summary for this period to the Board of Directors. Management reviewed the report with the Board Members.

A motion was made by Eric that the Treasurer be the only one to receive the financial report every month, not all Board Members. This will cut down on cost of copies and mailing. Seconded by Matt, vote called, all were in favor, motion carried.

A motion was made by Linda to proceed with the legal collection action on 7720 Colebrook. Seconded by Tony, vote called, all were in favor, motion carried.

A motion was made by Tony to approve the management report/summary as submitted. Seconded by Eric, vote called, all in favor, motion carried.

OFFICERS -No reports

ARCHETECTURAL -The committee will be holding a meeting on 8/23/01 and will forward the approved or disapproved applications to management along with the minutes. The meeting of the committee IS held every 3 Thursday at 7:00 P.M. at the library. The President appointed Enc Oelschlager, temporary chairman. The following individuals are currently on the committee: Eric Oelschlager, Tony Greene (adhoc), Joe Escalante, Sharon Miles, Tony Harrell and Ben Mercier. All members are to receive a copy in the mail of all applications received by management. If a color sample is enclosed the original color sample will go to the chairman. They are to be dated on the sheet when received by management

OLD BUSINESS:

Landscaping -A motion was made by Linda to send a notice to the current landscaper that we are canceling the contract effective 9/30/0 I. He is requested to rebid the property under a new contract. Seconded by Tony, vote called, all were in favor, motion carried.

Management will bid out the community for landscaping and submit the bids to the Board

NEW BUSINESS:

Website Hosting -The Board will locate a new server for this.

Violations -Tony stated that he has placed on disk a violation status. He will get a copy to management for their use. The Board was in agreement with the notices that were sent out on the violations.

NEXT MEETING DATE -The next Board meeting will be held on September 13, 2001, at 7:00 P.M., at the Library management will be in attendance at this meeting but they will not be in attendance at the October 12,2001 Board of Directors Meeting.

ADJOURNMENT -A motion was made by Linda to adjourn the meeting. Seconded by Tony, all were in favor, motion carried.

SUBMITTED BY:

Lynda McGee

for the Secretary of the Board of Directors