FAIRWAY VILLAS CONDOMINIUM ASSOCIATION

The 2008 Fairway Villa Annual meeting will be held at

The Village of Mayfair Clubhouse

4076 Mayfair Road on March 11, 2008

The meeting will start at 6:00 PM

2006 ANNUAL MEETING

OHIO PRESTWICK COUNTRY CLUB PATIO ROOM
TUESDAY, MARCH 7, 2006 at 7:00 P.M.

Board Members present:

Barbara McMasters
Jennifer Taylor
Debbie James
Jim Glover
Scott Riggs

Guest present:
John Vodopich, General Manager
Valerie Tolbert, Legal Counsel

President Barb McMasters called the meeting to order at 7:05 p.m.

Board Members and Guests introduced themselves to the unit owners in attendance.

Jennifer Taylor read minutes of last years meeting. Motion was made by Janis Mittelstaedt to approve the minutes and seconded by Barb Wolfe.

John Vodopich from Fitzpatrick Realty Ltd., our Management Company read and explained the Financial Statement dated 1/17/2006 passed out to unit owners upon their arrival at the meeting.

John highlighted some of the larger expenses in the General Maintenance on the Income and Expense Statement such as the roof replacements on two buildings (2555 and 2540) at a cost of $6,350.00 each, power washing these two buildings at a cost of $480.00 each, replaced the brick façade at 2553-A at a cost of $3,750.00, replaced the siding at 2519-A and 2531-A at a cost of $3,800.00 each. Another high expense was the pool area where we bought 20 new chaise lounges at a cost of $1,500.00. Also we had some major electrical repairs between 2531 and 2543 and had wiring to several street lampposts repaired. Replaced the retaining wall between 2543 and 2545 at a cost of $3,900.00.

No further comments or questions regarding the financial statement.

Jennifer Taylor was the Chairperson of the Nominating Committee. We had Nominations and Elections for three (3) new board members. Barbara McMasters and Jim Glover agreed to run again and Sharon Wigington nominated Joe Butorac from the floor. All three (3) were unanimously elected by voice vote.

There was a question and answer period for unit owners to ask questions. Concerns brought up were:

Access to water shut off in the crawl space of the garages. Valerie, our legal counsel, explained that the board by legal declaration has the right to access in an emergency situation, especially when many of the units have a partitioned wall between garages and many of the garage doors do not have an emergency key pad to access.
Joe Butorac asked about the Garage Door replacements and who had the right to make the decision to have the doors replaced and where does it say that the garage doors are the responsibility of the unit owner. Valerie explained that the Board has that authority according to the Declarations, By-Laws and that the Declaration states that the unit owner is responsible for garage doors.
Problems with trim around the garage doors damaged by the people who paved the road/driveways several years ago. How can that be repaired? The Board will look into the problem.
Janis Mittelstaedt asked about future hopes of residing the buildings. Jennifer explained that the Board is concerned about this and with only two more roofs left to be replaced in 2007 all of the roofs will have been replaced, then the Board may be able to concentrate on residing.
Cable on the outside of buildings is becoming a problem because there is no access to crawl space. The Board will look into this problem.
There was also a concern for a unit owner who is trying to sell her unit and one of the other units in her building has a bad garage in need of repair and she feels that this will hurt the sale of her unit. What can be done?
Scott Riggs, Trustee, brought up the idea of a one (1) day trash pickup per week after this contract is up. The amount of money saved would be $1400. Everyone in attendance was not in favor, so the idea was dropped.
Verna Tilton thanked the Board for all their hard work this past year and felt that this is the first year that there was no arguing amongst the Board and Association members.
Debbie James had two (2) bags of mulch to show and asked for opinions as to which one the homeowners would like.
John Vodopich made the comment that whenever there is a problem with a unit to always call his office and report any such complaints and they will be looked into or e-mail him at frl@nci2000.net.

With no further questions from the floor a motion was made to adjourn the meeting at 8:05 p.m. by Verna Tilton and seconded by Diane Caruso. All approved.

Congratulations to the new Board Members for 2006:

            President: Barbara McMasters
            Vice President: Jim Glover
            Secretary: vacant (temporary filled by Barb)
            Treasurer: Jennifer Taylor
            Trustee: Debbie James
                        Scott Riggs
                          Joe Butorac