HIGHLANDS COOPERATIVE ASSOCIATION

Open Minutes

June 27, 2004

Board Members Present: Ellena, Guyer, Jane, Smith, Smydra

Management Present: Miller, Lyon

Meeting called to order at 6:15 p.m.

OPEN MINUTES

Ellena moved, Smith seconded to accept the May 16, 2004 Open Session Minutes. Approved 5-0.

MEMBER CONCERNS

None at this time.

COMMITTEE REPORTS

None at this time.

BATHROOM RENOVATION FUNDING

Jane moved, Guyer seconded to approve the request of any necessary funds from the Replacement Reserve accounts to fund the bathroom renovation project. Also approved was cashing in any CDs, bonds, etc. needed. Approved 5-0.

MORTGAGE REFINANCING

Smith moved, Ellena seconded to authorize the deposit of $12, 000.00 to the bank to begin the mortgage refinancing process. Approved 5-0.

Smydra moved, Guyer seconded to enter into an agreement with attorney Joe Couvreur to be our legal counsel during the refinancing process. Approved 5-0.

Smith moved, Jane seconded to contract White Engineering to conduct the required ALTA survey. Approved 5-0.

Mr. Lyon and Mr. Smydra will work together to prepare informational material to be distributed to all members within two weeks.

NEW BUSINESS

Georgetown Youths: Ms. Jane reported that teens have still been causing problems in the area of Georgetown Blvd., and she detailed the instances that she has either witnessed or heard about. Management will contact the Lansing Police Department, and provide the appropriate documentation to prohibit the identified youth from trespassing on Highlands’ property.

Trash pick-up: Ms. Smith reported that trash was not picked up in her area on the Saturday after Memorial Day (as noted on the calendar). Management will contact the trash removal company. Also—Management will schedule another check of the property for trash being put out early.

OLD BUSINESS

Property Trees: Trees that are effected by the Emerald Ash Borer were discussed (tree removal, girdling, etc.). Mr. Smydra will meet with Mark Robert to develop a plan to replace lost trees.

Phone System: The status of the phone system, which recently crashed, was discussed.

MEETINGS – UPCOMING

The July, 2004 Board meeting is cancelled. The July 20, 2004 Budget meeting is moved to August 3, 2004.

BOARD MEETING DATES

August 29, 2004

MEETING ADJOURNED AT 6:55 p.m.

I certify that this is a true and accurate statement of the Board Meeting of June 27, 2004.

Respectfully Submitted,

Elizabeth A. Smith

Secretary

Highlands Cooperative Association Board of Directors