Minutes of Board of Directors Meeting
Silver Ridge Homeowner's Association
Orange County Public Library, N. Hiawassee Rd. Orlando
October 24, 2002 AD

Matthew Steinhoff called the meeting to order at 19:13 on 
October 24, 2002 AD. The notice of the meeting (located at 
the Hiawassee library branch) was posted at the front 
entrance of the community 48 hours in advance to the meeting.

In attendance were board members Matthew Steinhoff, Fay 
Lewis, Yvonne C. Sabater and Linda Harrell. Tony Greene was 
absent. Gary House and Colman McKenna from Penn First were 
in attendance. 

Steinhoff moved to accept the minutes. Harrell seconded. 
Motion carries.

Most of the board received a copy of the financials as 
proveded by Penn First. Sabater and Lewis didn't get a 
copy by mail. House will make sure he has their correct 
postal address.

Steinhoff moved we deposit $9,577 (plus or minus interest) 
in a CD for six months at Liberty National Bank. Sabater 
seconded. Motion carries.

Penn First presented a list of delinquent accounts to the 
board. Lewis motions to send a second batch of demand 
letters. Steinhoff seconded. Motion carried. 

Harrell motioned that we accept a payment plan of $50 a 
month on lot 1255 at the owner's request. Steinhoff 
seconded. Sabater voted against the motion. Motion carries.

Harrell motioned we write off 124.17 on lot 3055 because 
of foreclosure of property. Sabater seconded. Motion carries.

Steinhoff motioned we don't have the attorney monitor the 
foreclosure involving lot 2111 which owes $151.61. Lewis 
seconded. Motion carries.

ACC didn't receive any requests in October. They will be 
reviewing policies and procedures. ACC will come up with 
a yard of the quarter.

Newsletter articles for the fourth quarter will be needed 
by November 16. Any discussions of Luminaries will have 
to go in this issue.

Greene was not present so no president's report was presented.

McKenna discussed his role in our organization and presented 
the violation report to the board and explained the format.

Steinhoff motioned that we have Firestone start drafting the 
five CC&R amendments. Harrell seconded. Motion carries.

Steinhoff closed the meeting at 20:11.