Oaks of Avent Ferry Condominium Association Board of Directors Meeting  January 10, 2002 6:00 p.m.

Present: Brian Browning, John Hertrick, Bonnie Latham, Bill Loftin, Barbara Dodson, Frank Johnson, Jeb Black - Management

Executive Session: B. Latham motioned that Barbara Dodson be appointed to fill the remainder of Heidi Porter's term on the BOD. Motion passed unanimously.

Minutes for December were approved as corrected.

Treasurer's report for December was filed for Audit.

Management Report:   Approximately half of the sagging insulation identified on the termite inspector's report has been fixed.

Two of the leaks under units identified on the termite inspector's report have been fixed.  The other reported leaks are being followed up.

New Business:

Motion by B. Latham to direct the Association's attorney to draft a policy regarding responsibility for paying Association's insurance deductible that extends the relevant policies in Association's governing documents.  Motion passed unanimously.

B. Latham nominated Frank Johnson to chair the Architecture Review committee.  Motion passed unanimously.

Motion by B. Latham that draft satellite dish policy be approved for the Association's Governing Rules. Motion passed unanimously.

Motion by B. Latham that revision of "Appendix C: Policy on Exterior Maintenance" in the Association's Governing Rules be approved.  Motion passed unanimously.

Motion by B. Dodson that management send letter to unit owner informing owner that a fine of $50 will be imposed if problem of excess vehicles parking in guest parking spaces is not corrected within 10 days.  Fine will double if problem remains uncorrected in each ensuing 10 day period, up to the maximum fine of $150 allowed in the Governing Rules.  Motion passed unanimously.

Date and time or next board meeting was set to 6:00 p.m., Thursday, February. 7th, 2002.

Date and time for annual meeting was set to 7:00 p.m., Tuesday, February 12, 2002.

Submitted B. Browning