A meeting of the Board of Directors of the Williamsburg Settlement Maintenance Association, Inc. was held on Tuesday, September 20, 2005 at 9:00 a.m. at the offices of Planned Community Management, Inc..

ATTENDANCE

Directors in attendance were Sue Dean Smith, Don McClelland, Dave Ellis, Richard Erbert, and Lance Gordon. Also in attendance were Dolores Sue and John Spear representing Planned Community Management, Inc. (PCMI).

A quorum being established, the meeting was called to order at 9:00 a.m.

MINUTES

The minutes of the August 16, 2005 meeting were reviewed and upon a motion made, seconded and approved, it was unanimously agreed to accept the minutes as written.

2006 BUDGET

The Board reviewed the preliminary budget. After due discussion and changes the Board unanimously agreed to adopt the 2006 budget.

2006 RATE

A motion was made, seconded and unanimously agreed to set the 2006 annual maintenance rate at $575.00.

The next meeting was scheduled for October 18, 2005 at 4:00 p.m. at the clubhouse, 1602 Hoyt.

There being no further business to come before the Board, the meeting was adjourned at 12:00 p.m.