DECEMBER 7, 2006

The following owners were represented in person or by proxy: Alexander, Call, Cooper Leasing (2), Cornett, Enders, Gellert, Kostenko-Farkas, Kron (3), Lack (2), Lancaster, Martin, McCloud, Miller, Motschenbach, Richardson, Shields, Tapp, Thompson & Zimmerman.

With 23 units or (62.1621%) of the membership represented in person or by proxy, a quorum was established and the meeting was called to order by the President, Mike Zimmerman, at the hour of 7:14 p.m.

The minutes of the January 5, 2006 annual meeting were distributed and reviewed. Ed Enders moved to approve the minutes as written. Martha Shields 2^nd the motion. The motion was approved.

Mike Zimmerman gave the President’s report (attached).

The 2006 year-to-date financial reports and reserve analysis were distributed and reviewed. The Managing Agent answered a few questions regarding the natural gas billing and locker room back charges.

The 2005 proposed operating budget was distributed and reviewed. Ed Enders moved to approve the financial reports and the 2006-operating budget with the increase. Effective January 1, 2007. Ed Enders moved to approve the 2007 proposed budget. Anna Motschenbacher 2^nd the motion. The motion was approved.

The next item of business was the election of Directors. The floor was then opened for nominations and the following owners were nominated to the Board:

Mike Zimmerman

Ron Cooper

James Call

Ed Enders

Martha Shields

Being no further nominations Carol McCloud moved to elect the same Board to another term. Larry Motschenbacher 2^nd the motion. The motion was approved.

A discussion was held on cigarette smoke drifting into the halls. Anna Motschenbacher complained that the smoke has potential health hazards for her and her family. Anna suggested the Association should look into air neutralizers for the halls. Anna will research some options for the Board Consideration.

Anna also requested to the Board to consider an individual key box in the lobby for owners. The key box will allow owners who misplace their keys another access to enter into their units. The Board requested Anna research and propose for the next meeting.

Being no further business to come before the general membership to discuss at this time, the meeting was adjourned at the hour of 8:44 p.m.