DREAMS LANDING CONDOMINIUM BOARD MINUTES

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CALL TO ORDER: The meeting was called to order at 7:05 PM.

MINUTES:

Upon motion, the minutes of the February 22, 2005 meeting were approved as submitted.

NEXT BOARD MEETING: The next Board meeting will be held on Tuesday, April 26, 2005 at 7:00 PM.

MANAGEMENT REPORT

Dennis Sesplankis addressed the following issues:

· Long Fence is ready to begin installation of the new fence around the swimming pool area.

· American Pools submitted a bid on the pool house renovations project in the amount of $38,875.00. Other bids already submitted include Hunter Construction ($32,880.00) and Empire Builders ($20,056.09). The Board agreed that it will be important to get all the information necessary from the bidders to ensure that an “apples to apples” comparison and selection is possible.

· Brodie is obtaining a proposal for the concrete work made necessary by the excavation project in the upper quad. Brickman proposed two grounds repair options for the same area. It could be sodded for a cost of $2,072.00, or seeded under curlex for $785.00. The Board agreed to go with the seed/curlex option.

· A contractor has been lined up to inspect the building roofline leak issues and to formulate a repair plan.

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OWNERS’ ISSUES

Rusty Bergen advised that he will be seeking permission to make certain repairs to the exterior of the sun porch on 607. This will be to replace the vertical boards between the slider doors with synthetic lumber which will not rot or peel.

Christine Alvey commented that some of the paint on the hardware on some of the back yard fences is chipping and peeling.

Dennis Seymour noted that Brodie and Brickman have plans to clean out the rock drain behind 704. Debris had blocked and clogged the rocks, limiting the functioning of the drain.

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COMMITTEE REPORTS

ARCHITECTURE COMMITTEE:

No report.

FITNESS CLUB:

No report.

GROUNDS:

Pam Cicetti reported for the committee. A bid was received from Brickman to remove a tree behind the 200 building for $1,200.00; the Board approved. A number of grounds and landscaping issues will be addressed when the Board conducts its Spring Walk-Through Inspection.

MARINA COMMITTEE:

Dennis Seymour reported that he has received five slip occupancy applications and fees to date. There was a discussion about the need for slip transfer documentation to be included in the condominium package which Brodie prepares when units are sold. Water in the marina should be turned on in early April.

PET COMMITTEE:

No report.

POOL:

No report.

SECURITY/PARKING:

No report.

SEWER:

No report.

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TREASURER’S REPORT

Ray Turner reported that we are currently running under budget with no apparent problem areas. There is one delinquent owner account; this matter has been referred to legal counsel pursuant to the collections procedures. The Finance committee will be meeting soon to discuss investment strategy for the community reserve funds.

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OLD BUSINESS

We still need to locate and mark the exterior water shut-off valves for each townhouse unit.

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NEW BUSINESS

Alan Hyatt, who recently purchased the waterfront property immediately adjacent to Dreams Landing to the southeast, has given notice to the Board of proposed plans he is pursuing along the waterfront of his property. He intends to build a private boat ramp, move the existing pier several feet from its present location (closer to Dreams Landing), and to replace the existing erosion barrier with one that will be of a more natural appearance. The members of the Board agreed that the plans as depicted would not adversely impact upon Dreams Landing.

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ADJOURNMENT: Upon motion, the meeting was adjourned at 8:25 PM.

Respectfully submitted,

/s/

Rusty Bergen, Secretary