DRUM POINT VILLAGE WEST HOMEOWNERS ASSOCIATION

MINUTES OF THE BOARD MEETING

February 20, 2002

BOARD MEMBERS PRESENT: Herb Armstrong, Bob Martin, Ed Kocher, Paula Groppe, and Dolores Tappert.

HOMEOWNERS PRESENT: Kim Feliciano, Gladys Pfeiffer, and Helen Bertch

This meeting was called to order on February 20, 2002 at 8:10 p.m.

· First Order of Business - Minutes from the previous meeting.

The minutes of the November and January meetings were distributed to all Trustees prior to this meeting. Ed Kocher made a motion to accept the minutes of both the November 2001 and January 2002 Board of Trustees meetings. Herb Armstrong seconded motion. Unanimously approved.

· Second Order of Business - Siding project

Ed Kocher advised that Brook from All County Aluminum is back in the development. Brook has given an estimation of full completion of all the detail work by the end of February or early March. During the last 2 days Brook has been working exclusively on repairing those units that were still experiencing leaks. He has a dumpster that was placed on the property at the Township's expense. Brook had advised Ed Kocher all construction debris would be removed very soon.

· Third Order of Business - Drainage Project

Ed Kocher advised that he hasn't heard anything from Birdsall or the Township. Ed Kocher hasn’t made any calls to them either.

· Fourth Order of Business - March 2002 General Meeting

The March 2002 General Meeting needs to be rescheduled due to the Good Friday holiday. Ed Kocher made a motion to change the date to April 5, 2002 at 7:30 p.m. at the Brick courtroom. The motion was seconded by Paula Groppe. All were in favor. A mailing will be sent at the beginning of March that will contain the meeting announcement, the agenda for the meeting, the minutes for last year's meeting, the proxy statement and the proxy. Ed Kocher stated that we have not received any other nominations for the Board of Trustees. Harriet Martin made a motion to nominate Kim Feliciano and was seconded by Gladys Pfeiffer. It was agreed that Ed Kocher would ask Mr. Sicola (our attorney) to attend the meeting.

· Fifth Order of Business - Landscaping

George Morano was on the property on 2/18 and 2/19 to clean up all the non-construction debris on the property.

· Sixth Order of Business – Buffer Installation

When the buffer was approved to be installed behind 12, 14 and 16 WSW, the Board has also talked about installing a buffer behind 1, 3, 5, 7 and 9 MD as well as behind 50, 52, 54, and 56 WSW. Ed Kocher stated that Helen Bertch recently sent a letter requesting a buffer behind her unit (56 WSW). Ed Kocher gave an estimate of approximately $3,000 to install the buffer behind 50, 52, 54, and 56 WSW.The proposal would be to remove the existing bushes and rocks with the exception of a couple of holly bushes that are back there, and install a line of approximately 25 Leland Cypress bushes approx 4 to 5 high. The buffer would basically run from the corner of the pond over to the parking area equidistant between buildings 12 and 6. Ed Kocher talked about this to George Morano last spring. Bob Martin made a motion to appropriate up to $3,500 for this purpose from the General Reserves in the fiscal year 2003. Paula Groppe seconded the motion. All were in favor.

· Seventh Order of Business - Fence Installation

The board had previously talked about installing a fence behind building 10, which is the building on the right side of Manhattan Drive that backs up to the Northern boundary of the property. Ed Kocher asked if either Bob or Herb could go down to Town Hall and get the permit application and determine what collateral material would be required along with the application. Bob Martin volunteered to take care of getting the permit application, etc. Ed Kocher stated that he wants to get at least 2 bids for the job. He is going to ask Bill Pepe for one and ask Missing Link for another. A verbal estimate by Missing Link based on the assumption of 160 linear feet of fence, single sided board on board, shows the cost to be around 2,100.00 or 2,200.00. That is 19 sections, 21 posts. Each section is $48, each post is $7, and the labor for each post is $40 (includes labor for fence sections). If the Township doesn't approve the fence, Ed Kocher said we can install thorn bushes to create a “natural razor fence” to attempt to keep out trespassers. Ed Kocher made a motion to appropriate up to $3,000 for this purpose from the Fencing Reserves in fiscal 2003. Again, Ed Kocher stated that this should be completed some time in the beginning of April (township approval permitting). Herb Armstrong seconded the motion. All were in favor.

· Eighth Order of Business – Front Entrance Lighting

Bob Martin will be repairing the lights in front of the condominiums. He will be digging and moving things around as his schedule and the weather permits. Bob Martin agreed that is could be done by the end of March. He is going to move the lights behind the bushes, making them closer to the sign to keep the kids from hitting them with rocks.

· Ninth Order of Business - Old or new business

Helen Bertch was asked if she had anything she wanted to address. She advised that she would talk privately with Ed Kocher at a later time. No other old or new business for the open portion of the meeting.

· Tenth Order of Business - Open Financials

Ed Kocher stated that cash in the checking account was kind of high at the end of last month. Ed Kocher has since taken $10,000 and moved it over to the savings account. This money is still in the operating fund, but it has been physically moved to the interest bearing account. Ed Kocher stated that he still couldn’t get the accountant to send us an invoice even though his work is complete.

The open portion of the meeting was adjourned at approximately 8:55 p.m.