Minutes of the Meeting of the Members

Saturday, August 9, 2003

10:00 A.M.

Norman Salisbury, President called the meeting to order.

Residential Trustees present and participating: Norman Salisbury, Irene Link, John Patton and Sandra Lee Sterns

Commercial Trustees were excused

Quorum Requirement: It was determined that over 500 votes had been cast and therefore a Quorum had been established.

Presentation of Candidates: Candidates Hassan Sherkat, Kelsey Tyson, Norman Salisbury and John Patton were introduced and given opportunity to address the meeting.

Counting of Ballots: Voting was declared closed. Ballots were collected and turned over to auditors Bushman and Associates to be added to, and counted with ballots that had been mailed directly to them.

Open Forum: While ballots were being counted, President Salisbury conducted and open forum.

Election Results: Gary Prince of Bushman and Associates announced the election results to fill the two vacancies on the Board of Trustees:

John Patton 420.32
Norman Salisbury 337.69
Hassan Sherkat 193.93
Kelsey Tyson 130.38
Nancy Wolf 2.39

John Patton and Norman Salisbury were declared the winners.

Next Board of Trustees Meeting: The next meeting of the Board of Trustees was scheduled for Thursday, August 28, 2003 at 5:00 p.m.

Adjournment: The meeting adjourned at 11:30 a.m.

Respectfully submitted by Sandra Lee Sterns