CURECANTI TOWNHOMES ASSOCIATION.

Annual Meeting of the General Membership

August 8, 2016

1 .	Call Meeting to Order/Roll Call: The annual meeting of the Curecanti Townhomes Association general membership was held at the home of Fred & Terri Stinson's (108 Bambi Lane). Roll call was taken by having members present sign in. Ten members were present and one proxy was presented. A quorum having been met, President, Fred Stinson called the meeting to order at 7:00 p.m.

2 .	Proof of Notice: A copy of the notice of meeting mailed to all members on July 25, 2016, was presented.

3 .	Reading & Approval of Any Unapproved Minutes: There were no unapproved minutes.

4 .	Reports of Officers and Committees:

a.	President's report: Fred reported that the fence at Joe & Penny Carrithers' (57 Bambi Ln) has been completed and thanked Joe for all the work he did free of charge on the fence and deck. The Association did pay for the materials to repair the deck on unit 57 that was damaged when ice slid off the roof. Seal Co is to be doing the crack and joint sealing soon; but haven't been given an exact date yet. The Association has not yet received the bill from Water Wheel Inn for 1/3 the cost of the patchwork on the shared drive to Que Qua Condos and Water Wheel Condos. It was a mild winter so there was very little snow removal. Geoff will be fertilizing the lawn again this fall.

b.	Treasurer's report: As of July 31, 2016, the Association had $21,611.72 in checking, $5,023.24 in Savings Account to be used to cover the insurance deductible and a certificate of deposit in the amount of $5,721.62. Account's Receivable were $2,111.08 with one delinquent account in the amount of $4,310.68. A lien for unpaid assessments has been recorded on this unit. Year-to-date revenues exceed expenses by $4,934.27. A motion was made, seconded and carried to accept the Financial Statements.

c.	2017 Proposed Budget: Following review of the proposed budget, a motion was made, seconded and carried to adopt the Budgets as presented.

5 .	Unfinished Business: All items were discussed in the President's report.

6 .	New business:

a.	Political Signs: A lengthy discussion/debate was held regarding putting political signs in yards. Per paragraph 8.3 of the covenants "No signs, advertising structures or devices of any nature shall be erected, constructed or maintained on any Lot ...". An overwhelming majority of the members present agreed that not allowing political/campaign signs was a violation of an individual's constitutional right of freedom of speech/expression. It was suggested amending the covenants to allow political signs as long as specific guidelines, which would need to be spelled out in the amendment, were followed. It was noted that because changing the covenants is a lengthy and costly process, the entire set of covenants should be reviewed and suggested amendments voted on all in one process. To bring a conclusion to the discussion, Fred agreed to remove the sign in his yard until further research could be done on HOA covenants/guidelines regarding political signs and an individual's constitutional rights.

It was suggested the Board adopt an Enforcement Policy to "put some teeth in the covenants and rules and regulations.". It was noted that the current Rules and Regulations of the HOA address the penalties for non-compliance of both the covenants and the Rules and Regulations.

Please Note: later research revealed that the Colorado Common Interest Ownership Act ("CCIOA"), at C.R.S. 38-33.3-106.5. Prohibitions contrary to public policy - patriotic and political expression ..., which governs the placement of political signs in HOAs, states; (1) "Notwithstanding [in spite of] any provision in the declaration, bylaws, or rules and regulations of the association to the contrary, an association shall not prohibit any of the following :... (c) (I) "The display of a political sign by the owner or occupant of a unit on property within the boundaries of the unit or a window of the unit...".

b.	Flag Holders: A discussion regarding the Association providing for each building an American Flag and a flag holder ensued. It was noted that someone in each building would have to be responsible for putting out and taking down the flag on specified holidays, etc. Diane Folowell, Dennis Eicher and Dave (unit 26) volunteered to check into the cost of doing this and get back to the board.

c.	Entrance Sign: It was agreed that Fred should get a composite type material and make a frame to for the entrance sign which is in need of repair.

d.	HOA Real Estate Investment: Considering the possibility of foreclosures happening down the road, the idea of the HOA purchasing, from a foreclosing financial institution, such a unit was discussed. The price would have to be right. The HOA could rent out the unit and the profits from doing so would provide monies for future capital improvements. Concerns regarding funding a down payment, financing and who would be responsible for managing the rental activities were expressed.

e.	Dandelions: Fred will ask Jim Barry to spray for dandelions in the fall in addition to the usual spring weed spraying. Fred will ask Jim to let Janet know before he sprays so she can notify owners via email prior to spraying.

f.	Animals: Due to problems related to pets, Paragraph 11.1 & 11.2 of the covenants was read out loud as a reminder to owners of the guidelines related to animals and pets and the owner's responsibilities.

g.	Children at Play: Everyone was reminded to slow down and watch for children playing as they drive through the association.

7 .	Election of directors: Janet Lyons's and Merne Judson's terms are up for election. There being no volunteers or nominations a motion was made and seconded to reelect Janet and Merne for another 2-
year term.

8 .	Adjournment: There being no further business to come before the general membership, a motion was made, seconded and carried to adjourn the meeting at 8:20 p.m.

Approved:

Signature Title Date