Meeting Minutes

Board of Directors Meeting

Pacific Terrace HOA

March 13, 2006

Meeting was called to order by the Mr. Starr, President.

Directors present: Others Present:

Don McNeill Paul Tice – GBTS general manager

Chiane Kathrens Craig Keist – landscape architect

Charlie Starr

David Rosencrantz

Stan Muir

Meeting minutes for September 2005 through January 2006 were distributed by not approved.

Unpaid special assessments were discussed, two unit owners are in arrears. Mr. Starr agreed to contact the delinquent owners.

General discussion of improvement project ensued. Work continues to progress well.

Craig Keist was asked to report on the landscaping plans and budget. He advised that the landscaping estimate was now at $228K as compared to the budged amount of $87,982. Several approaches were discussed regarding proceeding. It was resolved that Mr. Keist would prepare 3 proposals for continuing: (a) what could be done if we lived within budget; (b) what could be done if we spread project over some number of years (possibly 3) and (c) what could be done for the $228K amount.

With Mr. Keist’s proposals in hand, the Board members agreed that the matter would be presented at a special meeting of unit owners for a vote.

Paul Tice was asked to report on general maintenance matters. He reported that we will be required to cap the well we earlier drilled but abandoned. The Board discussed the desirability of adding irrigation for the new plantings and Mr. Keist will provide an estimate once he has discussed the matter with Mike Manion and Paul Tice. Paul brought up that hedges planned for removal are interfering with fence replacement. The Board resolved that interfering hedges and trees around buildings A-E will be removed to support fence replacement for those units.

In light of the time, the President adjourned the meeting.

Stan Muir, Secretary