VILLAGE PALOS VERDES

HOMEOWNERS ASSOCIATION

BOARD OF DIRECTORS MEETING

MAY 10, 2007

MINUTES

CALL TO ORDER

The meeting was called to order at 7:30 p.m. by Carma Hardin, President.

MEMBERS PRESENT

Carma Hardin President

Mike Talbot Vice President

Mark Bayma Treasurer

Joe Grasso Secretary

Karen Harrison Member at Large

MEMBERS ASBENT

ALSO PRESENT

Phil Greer On-site Maintenance

Joanne Peña Horizon Management

Homeowners: Donna and John Beck, Maribeth Borowski and Jenna White, Carol Griest, Judi and Dave Kline, Craig Polin.

OPEN FORUM

The homeowners in attendance were given the opportunity to address the Board.

• Craig Polin presented his rebuttal to parking violation allegations.
• Maribeth Borowski noted that HBO has been broadcast in Spanish for the last two weeks.

PREVIOUS MINUTES

MOTION (CH,JG) to approve the minutes of the April 12, 2007, board meeting, as amended to reflect that the Cinco de Mayo event did not take place. The motion carried. .

FINANCIAL REPORT

As of April 30, 2007, there was $16,110 in operating assets and $640,284 in reserve funds.

EXTERIOR RENOVATION PROJECT

MOTION (MB,JG) to pay HH Fremer’s outstanding invoice in the amount of $10,782.50 . The motion carried. The Board agreed that all costs involved in obtaining CAD drawings be re-coded from Exterior Renovation Project to Reserves, as they will be of benefit to the Association even if the Exterior Renovation Project does not move forward.

MAINTENANCE REPORT

Phil Greer provided the Board with a status report with regard to maintenance requests and repairs.

South Pool. There was discussion regarding the condition of the South Pool, and it was noted that the South Pool is scheduled to be re-plastered and retiled next year, with the same design as the North Pool.

Painting Proposal. The Board reviewed the proposal submitted by Triplett for red curbs, pool fence and other wrought iron. MOTION (MB,MT) to have in-house staff paint the red curbs, and to approve Triplett’s proposal for painting the pool fence for a cost of 3,635 and to make safety repairs to the railings on Camino de las Colinas and Calle Mayor on a time and materials basis. The motion carried.

Re-Keying. The Board scheduled re-keying of the pool areas for Monday, June 4^th, and asked that Horizon Management notice the membership that keys will be available for exchange on Sunday, June 3^rd.

MANAGEMENT REPORT

Parking. MOTION (KH,MB) to impose a $50 fine against an owner for repeated violation of the Association’s guest parking rules.

The Board waived the imposition of a fine against an owner for alleged parking violations based on the owner’s appeal.

Dog Complaint. The Board waived the imposition of a fine against an owner for failing to leash her dog based on her written appeal, but asked Horizon Management to warn the owner that future incidents will result in automatic fines.

NEXT MEETING AND ADJOURNMENT

There being no further business before the Board, the meeting was adjourned at 8:45 p.m. to Executive Session to discuss employee compensation. The next meeting will be held at 7:30 p.m. on Thursday, June 14, 2007 at Resurrection Lutheran Church.