September monthly minutes

ASHWOOD TOWNHOMES OWNERS ASSOCIATION, INC.

Board of Directors Monthly Meeting

Monday September 12, 2011

Location: Jennifer Inscoe’ Home

Laura Cofer, President, called the meeting to order at 6:45 p.m. The Board Members present were Elizabeth Spurrier, Secretary; Jennifer Edgell, Treasurer; Jennifer Inscoe, Amanda Martin, Members at Large, Tim Penick with Light House property managers.

Treasurer’s Report:

Asset Balances as of 9/13/2011

FNB Operating Account - $14,968.44

FNB Money Market - $34,217.33

CD: $15,621.92

CD: $38,534.07

Total Assets: $ 103,341.76

Jennifer did not have the numbers for us to look at but will email them to us tomorrow.

New/Old business:

Discussed possibility of new people coming onto the board.

Laura shared that Ty, who is on vacation, wanted to know what the board thought about installing a horseshoe pit. Ty will install and owners can play with their own horseshoes. We all agreed that would be great to have for the adults.

Talked about needing more mulch for the playground.

It was brought up that the bagworms are back and the trees need to be sprayed before we lose them. Tim will contact the landscaper.

Have three estimates for fixing the asphalt:

Templeton Paving: $20,450.00

Law Horne Brother’s Paving: $20,000.00 +-

Wells Paving: $ 8,800.00

Tim Penick brought up the fact that the Regulatory Common Interest Board has established some new requirements on Property Managers. Until Tim is able to complete all of this he will be an employee of Ashowood HOA for the same amount that we are already paying his company. This is a temporary situation.

ASHWOOD TOWNHOMES OWNERS ASSOCIATION, INC.

Board of Directors Meeting Minutes

Monday, September 12, 2011

Page 2

Adjournment

They’re being no further business; the meeting was adjourned at 8:00 p.m.

Secretary/ Elizabeth Spurrier

Attest:

President, Laura Cofer

July Monthly meeting minutes

ASHWOOD TOWNHOMES OWNERS ASSOCIATION, INC.

Board of Directors Monthly Meeting

Monday July 5, 2011

Location: Jennifer Inscoe Home

The meeting called to order at 6:35pm, by the President Laura Cofer. Members present were Jennifer Inscoe, Tye Schmitz, Amanda Martin, Tim Pennick , Jennifer Edgell and Ryan Carboneau.

Treasurer’s Report: Presented by Jennifer Edgell

Asset balances as of July 4,2011

Total Assets: $101,92.59

Operating Account: $13,568.79

Money Market: $34,202.81

FNB C/D: $15,621.92

FNB C/D: $38,534.07

Old Business:

Boxley Paving has given a one year Warranty on the paving repair on Blue Ridge Circle on first row next to the mailboxes.

Tim represented Ashwood Townhomes HOA, in court against Charles Viar regarding repair of paving by the lower trash bins. Judge Black offered a continuance until July 24^th. We have two estimates by Longhorne and Templeton for the repairs and will be obtaining a third one.

Lawn care has improved but blowing grass after cutting needs to be away from front doors and the hill behind Middle View and Blue Ridge View Circle needs to be mowed more often.

New Business:

The rezoning signs have been taken down. The meeting dates for the apartments complex have been cancelled.

We have a workday planned for Thursday the 14^th at 5:30 pm. Tye will be their early installing the logs for the base around the swing set and install the mulch. The blue swing will be replaced a green one. The signage will be placed for playing at your own risk. Children in the neighborhood have been enjoying the swings already.

Ryan Carboneau reported on the funds collected by he and Heather totaling $1015 and requested that the board match it. It was recommended that we ask for more donations

Page 2 HOA Meeting minutes for July, 2011

in the next newsletter. We would like to collect $3000 to be able to add more swings and possibly a tower. The board will allocate money in the budget for next year as well.

The board discussed the idea of concrete reinforcement pads by trash bins on lower left side of property as the asphalt is in upheaval.

Tim presented the delinquent $5000 has been recovered.

There will not be a meeting in August!

Adjournment

They’re being no further business; the meeting was adjourned at 7:45 p.m.

Secretary/ Elizabeth Spurrier

Attest:

President, Laura Cofer