FIELDCREEK ESTATES

BOARD MEETING

Wednesday, October 18th 2006

Eugene Berger Management Corp (EBMC)

5011 Meadowood Mall Way, Ste. 200, Reno, Nevada

MINUES OF MEETING

Present:          Barry Ojers (President), Nick Pappas, Pablo Gomez, Lester Cohen, Mark

                        Bacon

Absent:           Tom Bos

Also Present:  B.J. Brown (EBMC), Marilyn Gross (to take Minutes)

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I.          CALL MEETING TO ORDER

            President Barry Ojers called the meeting to order at 10:04 a.m., with a quorum of five

            members present.

II.        MEMBERSHIP FORUM   

            No members were present with items for discussion.

III.       VENDOR REPORTS

            Gary Bria requested that the landscapers contact him regarding shutting off the sprinkler

            system.

IV.       MINUTES

            The Board reviewed the minutes of the meeting of August 9, 2006.

            Lester Cohen moved to approve the Minutes as presented.  Nick Pappas seconded       the Motion.  Motion carried unanimously.

            Pablo Gomez asked about the status of the letter that was going to be sent from the

            Fieldcreek Homeowners Association to Washoe County Public Works Department

            requesting street repairs on some of the streets, and the placement of a request in the

            Newsletter encouraging residents to also send letters. B.J. Brown responded that a letter

            was sent to the Streets and Maintenance Department after the last meeting, and an article

            would be placed in the next newsletter.  It was requested that an item be placed on the

            website regarding the issue as well as a copy of the letter sent to Washoe County.  B.J.

            Brown will contact Steve Cohen with this request.

V.        FINANCIAL REPORT

1.      Review and approve July – August financials – The Board members were provided

      with the financial reports previous to the meeting to review.

                  Pablo Gomez moved to approve the financials as presented.  Nick Pappas                      

                  seconded the Motion.  Motion carried unanimously.

2.      Board to re-visit moving funds from operating – This item will be tabled until the next meeting.

3.      Board to review and approve 2007 budget – A discussion was held regarding requirement to have an ombudsman, HOA expenses and road conditions.

                  Mark Bacon moved to approve the 2007 budget.  Pablo Gomez seconded the

                  Motion.  Motion carried unanimously.

4.      Board to approve 1120 H form and CPA for 2006 tax return – B.J. Brown briefly explained the form and the IRS tax reporting requirements for homeowners associations.

                  Lester Cohen moved to approve the filing of the 1120H form.  Mark Bacon       

                  seconded the Motion.  Motion carried unanimously.  

VI.       COMMITTEE REPORTS

1.      Committee members present may give verbal update on committee issues 

                  Pablo Gomez stated that a homeowner has requested that, due to drought conditions,

                  they be allowed to take out their front lawn, and they have provided the NRS

                  regulation supporting this request.  Board member Gomez stated that the committee is

                  proposing that the architectural guidelines be amended to allow the architectural

                  committee to grant that exemption.  B.J. Brown recommended that a resolution be

                  adopted.

                  Lester Cohen moved that the Board permit the architectural committee to waive

                  the requirement of a lawn whenever a homeowner decides to build or modify

                  their landscaping to exclude a lawn provided that they have a landscaping plan,

                  which will need to be approved by the architectural committee.  Mark Bacon

                  seconded the Motion.  Motion carried unanimously.

VII.     OLD BUSINESS

1.      Board to discuss Fairways dues 

                  B.J. Brown noted that since this issue is a potential pending litigation item, discussion

                  needs to be limited to information regarding the current facts only, per legal counsel.

VIII.    NEW BUSINESS

            There was no new business presented.

IX.       CORRESPONDENCE

            There was no correspondence presented.

X.        SCHEDULE NEXT BOARD MEETING

            Lester Cohen noted that he has a conflict with the previously scheduled date of 

            November 8, 2006.  President Barry Ojers suggested that the scheduling of the next

            meeting be tabled pending the outcome of the upcoming executive meeting.

XI.       ADJOURNMENT

            There being no further business, the meeting adjourned at 10:30 a.m.