Oaks of Avent Ferry Condominium Board of Directors Meeting

May 13, 2004 at 6:00 p.m.

Board Members present: Frank Johnson, Bill Loftin, Bonnie Latham.

Absent: Barbara Dodson

The meeting was called to order at 6:00.

Executive Session:

Approved April Meeting Minutes as corrected.

Manager's Report - J. Black

1.Incorrectly coded $382.43 will be corrected to Building Maintenance. Changes will be reflected next month.

1.Two buildings scheduled for siding replacement & paint in 2004 are 4233-41 and 4242-51. 4233-41 begins in June.

2.Termite inspection complete. Board asked Management to send letter to Smith Exterminating, thanking them for leaving a report at each unit and would like this action to continue.

3.M&M Landscaping reported there would be a $480 ($40/mo.) savings in 2005 because no pine straw will be strewn.

4.4008 retaining wall in progress. Wall, digging & opening drain, and 4 tons of gravel. Cost: $300.

5.4126 water leak repaired. $40 cost to homeowner.

Treasurers Report – B. Loftin

1.B. Loftin reported collection actions have begun for delinquent homeowners with $300 or more past due assessments. Status will be updated at next meeting.

Committee Reports – none.

Unfinished Business – none.

Meeting adjourned at 7:00 pm.

Submitted: Bonnie Latham