ANNUAL BOARD OF DIRECTORS MEETING MINUTES

Monday January 21, 2008

Call to order: 7:16 P.M.

Meeting adjourned:  7:20 P.M.

Attendees:

Board of Directors Present: Sharon, Jason, John

Hillcrest Property Management Associates: Gayle Simon, Michael Yanoff

Homeowners in attendance: 5

            1.         Roll Call

                        A.        Sharon – President – Present

                        B.        Jason – Treasurer – Present

                        C.        John – Secretary – Present

            2.         Voting quorum announced: 21.78% - acceptable

            3.         approval of the January 2006 meeting minutes:

                                    A. Motion to approve by Sharon

                                    B. Seconded by Jason

4.         Election Results: New Board members: Voted as Members at Large: Wally and Derek

5.         Introduction of new Board Members

6.         Adjournment