Village Square at San Elijo Hills

TU CASA HOMEOWNERS’ ASSOCIATION

BOARD OF DIRECTORS MEETING

FEBRUARY 25, 2008

MINUTES

BOARD MEMBERS PRESENT:

Jim Lancon President

Linda Shafer Treasurer

Joanne Vance Secretary

Jim Strickland Member at Large

ALSO PRESENT:

Allison Prater Lindsay Management Services

ABSENT:

Ed Adams Vice President

CALL TO ORDER:

The meeting was called to order at 5:10 p.m. by Jim Lancon and was held at the community clubhouse, 4747 Marina Drive, Carlsbad, CA.

OPEN FORUM:

No Homeowners were present so no Open Forum was held.

MINUTES:

The meeting minutes of January 21, 2008 were reviewed. Upon a motion duly made and seconded, the Board unanimously approved the Minutes of January 21, 2008, as presented.

FINANCIALS:

The financial statements of December, 2007, were reviewed by the Board. Upon a motion duly made and seconded, the Board accepted the Financial Statements of November, 2007, subject to Audit. The motion passed unanimously.

The Board requested a proposal for the current year Reserve Study from Trower & Company. The Manager will obtain the proposal for the next meeting.

LANDSCAPE INSTALLATIONS:

The Board discussed the most recent landscape inspection, which was held prior to this meeting. A report will be provided by the Manager for the next meeting.

TU CASA HOMEOWNERS’ ASSOCIATION

BOARD OF DIRECTORS MEETING

FEBRUARY 25, 2008

PAGE TWO

MINUTES

COMITTEE REPORTS:

ARCHITECTURAL-

Jim Strickland stated the Committee is currently reviewing railing styles and materials for the renovation project. Mr. Strickland has also been working with Jon Wayne Construction on the specifications for the renovation project, and will continue to update the Board at each meeting.

RIP RAP-

Jim Strickland reported on various items related to Rip Rap, and he will continue to provide a report to the Board at each meeting.

EXECUTIVE SESSION SUMMARY:

The Board adjourned into Executive Session at this time to discuss items appropriately discussed in a closed meeting, in accordance with California Civil Code #1363.05, which include legal items, delinquency, member discipline, and third party contracts. Specifically, the Board discussed member discipline issues.

NEXT MEETING:

The next meeting will be held on Monday, March 17, 2008, at 5:00 p.m. The meeting will be held in the community clubhouse.

ADJOURNMENT:

There being no further Open Session business to conduct, the meeting adjourned into Executive Session at 6:30 p.m.

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Attest Date