Minutes 2-8-06

FIELDCREEK ESTATES

BOARD OF DIRECTORS MEETING

Wednesday, February 8, 2006

Wolf Run Golf Club, Restaurant/Lounge

1400 Wolf Run Road, Reno, Nevada

MINUTES OF MEETING

Present: Barry Ojers, Pablo Gomez, George Toto, William Jastrow

Absent: None

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

I. CALL MEETING TO ORDER/ROLL CALL

President Barry Ojers called the meeting to order at 10:00 a.m., with a quorum of four members present.

II. MEMBERSHIP FORUM

A. Bob Canter, resident, was present to address three items:

1) The Association is to appoint a nominating committee 60 days prior to election;

2) all Board member terms expire at the end of May. There will be seven board members elected, serving one- or two-year staggered terms. A request was made to the Board to address the split of members; and,

B. Paul Matteoni, resident, requested to know if plans were made for landscaping and maintaining the strip of land near the corner of Silver Wolf and Silver Creek Road. The area is scattered with litter and requires cleaning. A brief history was provided to Mr. Matteoni explaining the events leading to the present condition. Pablo Gomez stated that he would verify the original intent to maintain natural landscaping and arrangements will be made for trash removal in the entire neighborhood.

C. Maureen Kiriaze, resident, reported that the street sign on the corner of Fieldcreek and Zolezzi Lanes was not visible, as it was obstructed by tree growth. She was advised the trees would be trimmed and a request to move the sign toward the street for visual purposes will be made to the County.

Landscaper to address issues with Board - Gary Bria was present to provide a brief report. He plans to change lawn valves this spring and spend time removing trash and debris.

Review and approve November 16, 2005 Minutes - William Jastrow moved to approve the Minutes. Pablo Gomez seconded the Motion. Motion carried unanimously.

1. Review and approve November 2006 Financials- Pablo Gomez moved to approve the November 2006 Financial Reports. George Toto seconded the Motion. Motion carried unanimously.

2. Board to discuss moving funds from operating - The Board made a request to transfer funds from the operating cash/contingency accounts since they have accrued large sums. Pablo Gomez advised the Board he is scheduled to meet with several different banks and financial institutions later this month to learn of options which comply with statutory rules and regulations. The matter was tabled until the next meeting when the information will be available for review.

1. Committee members present may give verbal update on committee issues - Ms. Brown noted that, other than the usual activity, it has been very quiet and there was nothing to report.

1. Board to review information presented by Gayle Kern regarding the dues from Fairways -

Gayle Kern, attorney for the Fieldcreek Homeowners Association, presented the recent correspondence from attorney Jack Angaran, the legal council retained by the Fairways. She stated he has asserted the same position as Fairways conveying that the attempt to assess any of the owners in the Fairways is invalid and Fieldcreek needs to cease all assessments.

Ms. Kern reviewed points and arguments raised by Mr. Angaran and rendered her opinion as well. This is her initial analysis and she has not yet drafted a response for Board review. Further discussion may be held in Executive Session for direction and response.

William Jastrow related to the Board the concerns received regarding the location of the new fire station. There is a request for the Board to team with the Arrowcreek Homeowners Association and Galena Forest Homeowners to form a united voice to obtain a nearby fire station. He recommended obtaining more details and agreed to gather the information for future discussion.

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