MINUTES OF THE BOARD OF DIRECTORS MEETING OF THE HILLSBORO LE BARON CONDOMINIUM ASSOCIATION, INC. HELD ON JANUARY 25, 2010, AT THE ASSOCIATIONS CLUBHOUSE DIRECTLY FOLLOWING THE ANNUAL MEETING

Present from the Board of Directors were Sam Bowling, President; Jack Mahoney, Vice President; Fred DeJacma, Treasurer; Ken Koppenhoefer, Secretary; Roman Bartkiw, Director; Dick Bergman, Director and Pauline Murdock, Director. Present from Residential Management were Mark McKnight and Ron MerkleL

CALL TO ORDER

Sam Bowling Called the meeting to order at I: 12 pm.

APPROVAL OF MINUTES

Fred DeJacma moved to approve the minutes of November 6, 2009 Budget/Board Meeting; seconded by Dick Bergman. All in favor. Motion carried.

TREASURER'S REPORT

Ken Koppenhoefer stated that as of January 25th 2010 the Cash Operating Account has $55,585.76 at First Southern Bank, $64,239.60 at City National Bank, $65,689.41 in a CD with Colonial Bank and $5,681.17 the operating account at Colonial Bank. The Unaudited total as ofJanuary 25, 2010 is $191,195.94.
There is $32,724.98 outstanding in past due maintenance.

APPOINTMENT OF DOOR LITIGATION COMMITTEE

Same Bowling stated that last April 22, 2009 the owners approved the Board to take action against the door manufacturer and supplier for the rusting doors. The association attorney handling the suit recommended that the Board appoint a committee to make decisions in a timely manner with regards to the litigation. Sam asked for a motion to appoint himself, Jack Mahoney and Don Moscone to serve on the committee.
Fred DeJacma moved to appoint Sam Bowling, Jack Mahoney and Don Moscone to the Door Litigation Committee. Seconded by Ken Koppenhoefer. All in favor. Motion carried.

PRESIDENT'S REPORT

Sam Bowling presented the January 2010 Presidents Report and discussed the various topics within the report.

ADJOURNMENT

There being no further business before the Board of Directors, the meeting was adjourned at 2:10 pm, upon which an open discussion ensued.