Revised and Presented on March 21, 2005

Meeting held at O'Callaghan, 2903 Yale Ct., 7pm-9pm.

Present: Mary Carroll, Thomas Caudell, Bobbie Goodwin, Jan Hughen,
             Dan Jordan, Chuck Cansler, Ben O'Callaghan

Absent: Lee Conn (Failed to receive notice of meeting)

Reviewed Status of wall agreement/status
Need to focus on major financial requests. ie, Smith/Houk, Hobbs, etc.

Agreement on fiscal size of contingent "caps", still under discussion.

Formal requests were received from the following non-plaintiffs: Culpepper, Pilkington, Kelley, Halpern, Love, Robb, (Hutchinson)*

Advisability to notify non-plaintiffs.

General Agreement from the Board that full resolution of all issues would be important for the association and would express a max. dollar amount for any warranty contingency.

Review of our approach to engineer/contractor selection, progress and payment terms as well as acceptance of proposed final "wall" product. Should we be involved in structural integrity?

Discussion of Budget, receipts and disbursements. Action, if any, for tardy pay by home owners.

Next meeting, February 21, 2005; 7 pm at Bobbie Goodwin's.

Respectfully submitted, Ben O'Callaghan, Secretary

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    * Let benefits accrue to new owner.