Board of Directors

Property Owners Association

La Reata Ranch

December 7, 2008

Subject: La Reata Board Meeting Minutes

1. Call To Order:
The meeting was called to order at 4:10 PM. Present were C.M. Nutt, David Bell,
Joy Paxton, Terri Couteau, and Joy Dees.

2. Old Business:
a. November 2008 Minutes. The minutes for November 2008 were review and
approved.
b. Finances. The Profit and Loss Statement for the year to date was reviewed.
The POA will end up in the “black” the year in the absence of any legal fees
this year.
c. Lot 127. The board continued its discussion regarding the progress of the
house at this location. The most recent extension for completion of the
exterior has almost expired and will require some action by the board if the
exterior is not completed by the end of December 2008.
d. Broadband Internet Survey. The survey has been drafted and disseminated to
the BOD and Broadband Internet Committee for comment. When finalized,
the survey will be sent to all residents and those currently building in the
subdivision.

3. New Business:
a. New Year/BOD items to be addressed.
1) Duties of the 2009 Board of Directors: The president will be C.M. Nutt;
vice-president will be Joy Paxton; and secretary/treasurer will be Terri
Couteau. New member duties were discussed.
2) New signature cards will be required with the addition of the new board
members (Joy Paxton and Terri Couteau).
3) Non-profit status of the POA. It was suggested that a legal opinion is
required to assess the effect of the POA’s status as a non-profit
organization and its use of POA monies.
b. Revised board and committee duties. The current committees were discussed
briefly for the benefit of the new board members.
c. Website corrections and revisions. The board will take a new look at the
current website for possible revisions and corrections. John Dees has taken
over responsibilities from Jon Lux for the website.
 d. Winter Newsletter. A winter newsletter will be prepared. The outgoing BOD
president will include a letter summarizing the BOD activities for 2008.
e. 2009 Billing for Maintenance Fees. Invoices for 2009 Maintenance Fees will
be mailed in January 2009, due by end of February (with 30-day grace
period). Interest will begin to accrue on 1 April 2009.
f. January 2009 Meeting. The next meeting will be on Sunday January 11, 2009
at CM. Nutt’s residence.

4. Adjournment:
The meeting was adjourned at 5:25 PM.