Minutes

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

October 17, 2009

President Sonny Ables called the meeting to order at 9:00 AM on Saturday, October 17, 2009. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Sonny Ables, Marshall Heins, Brent Burns, Charles Baker, Joyce Sidfrid, Arlene Catania, Ivan Langford III. Mark Roberts was absent and gave his proxy to Sonny Ables. Craig Clark was absent and gave his proxy to Marshall Heins. A quorum was established.

II. SPECIAL REPORT: Courtney Waters represented the Village of Point Venture to give explanation on the FEMA rules and Village permits. Mr. Waters assured that minor repairs which include repair, replacement and painting would only require a “no-fee” permit. Mr. Ables requested answers to following questions:

A. Copy of Village authority from FEMA.

B. Copy of Village power to set the fees.

C. What is subject to FEMA Authority?

III. APPROVAL OF MINUTES: Brent Burns motioned to approve July 17, 2009 minutes. The motion was seconded by Charles Baker. All in favor - motion approved.

IV. TREASURER’S REPORT: Charles Baker reported on collections and the possibility of not collecting all past due assessments due to foreclosures and bankruptcies which would affect the income statement and future budgeting. Mr. Baker re-enforced the decision that the flat roof insurance refund program will be finalized at the end of December, 2009. Marshall Heins motioned to approve the Treasurer’s Report. The motion was seconded by Arlene Catania. All in favor – motion approved.

V. MANAGER’S REPORT: Sherry Martinez reported two new projects this month. Currently Lee Brewington, maintenance, is installing numbered brass tags on owner’s water meters. Second project, the Village of PV will be crack sealing parking areas with the left-over materials after finishing Village streets. Cost quoted to PVTI was $200.00.

VI. PRESIDENT’S REPORT: President Sonny Ables reported on the recent workshop with PVTI attorney present. Many questions and ideas were discussed.

VII. COMMITTEE REPORTS:

A. Architectural Enhancement – Marshall Heins, Chairman

Mr. Heins introduced the options that owners may do:

Option A - Keep townhouse the current color but properly maintain.

Option B - Use any of the new approved colors, shutters, iron railings, hardy shingles, horizontal siding, and stone skirting on bottom edge of townhouse.

Option C - Option to change to craftsman style, retro windows and columns.

1. Marshall Heins made a motion to approve color choices to submit to PV ACC for approval. Motion was seconded by Charles Baker. All in favor – motion approved.

2. Ivan Langford III made a motion to approve A, B, C options. Motion was seconded by Arlene Catania. All in favor – motion approved.

Sonny Ables stated that the Architectural Enhancement committee will be dissolved and thanked Marshall Heins and his committee for their hard work. The newly appointed PVTI ACC committee will be assuming these areas of responsibility.

B. Architectural Review – Sonny Ables, Chairman

1. The establishment of PV Townhouses, Inc. ACC Committee which includes 2 Board Directors and 3 townhouse members.

Arlene Catania motioned to approve the newly established PVTI ACC. Motioned was seconded by Marshall Heins. All in favor - motion approved.

2. Ivan Langford, III motioned to give President Sonny Ables authority to appoint a chairman for the newly formed PVTI ACC. Motion was seconded by Joyce Sidfrid. Charles Baker suggested if a board member resigns, let president re-appoint.

All in favor – motion approved.

3. President Sonny Ables appointed Arlene Catania as Chairman of PVTI ACC. Volunteers: Director Marshall Heins, Volunteer members: Mike Maritz, Barry Pasarew, and Virginia Hoover.

C. Community Relations – Joyce Sidfrid, Chairman

Community member suggests starting a local PV radio station. Discussion followed.

D. Budget Committee - Charles Baker

Directors Brent Burns and Joyce Sidfrid along with Sherry from the office and Charles Baker will plan the 2010 budget for approval at January’s Board of Director’s Meeting.

E. Maintenance & Repairs – Arlene Catania, Chairman

Reported 73 of the 90 letters sent out to homeowners in August have responded for beginning of their townhouse maintenance. Maintenance issues will be re-assessed in January, 2010.

F. Structural Issues – Craig Clark, Chairman

Marshall Heins reported in Craig Clark’s absence that 207-215 VBS units in the Indian Point area need major structural attention. Mr. Heins suggested for them to be included in the M & R letters.

VIII. OLD BUSINESS:

A. Ratify approval/disapproval of tabled items of previous architectural submissions.

1. Brent Burns motioned to approve 283 patio. Motion was seconded by Ivan Langford III. 6 voted FOR / 3 ABSTAINED. (Heins, Clark, Baker) Motion approved.

2. Marshall Heins motioned to approve 301 VBS room addition. Motion was seconded by Arlene Catania. All in favor – motion approved.

3. 18205 Lakepoint Cove – Ivan Langford III motioned to table the Master Bath addition until receive more detail. Motion was seconded by Charles Baker. All in favor – motion approved.

B. Discussion regarding starting of tree trimming after first freeze.

C. WCID Irrigation Proposal – Richard Welcher, WCID, reported it would be several years before irrigation system would be installed. PVTI has no objection to the system being installed on PVTI common property.

IX. NEW BUSINESS:

1. Legal procedures will continue with homeowner for un-authorized cutting of 3 oak trees.

2. Encroachment on Common Property – Discussed with attorney to create a license agreement with a proposed fee for the building of a patio/deck for use on common property.

3. Master Policy Insurance – Proposed changing insurance wording in PVTI By-laws for insurance policy to cover what is currently installed verses originally built. Mr. Ables highly recommended having photos in safe place for improvements made.

4. Landscape Utility Vehicle - Arlene Catania motioned to purchase a UTV for our landscape personnel at the price of $3800.00 plus TTL. Motion was seconded by Marshall Heins.

7 voted FOR / 2 AGAINST. (Langford/Sidfrid) Motion approved.

X. ISSUES FROM THE FLOOR: Joyce Sidfrid motioned to move to the next step to have letters prepared to dock owners for removal of personal docks from PVTI newly purchased 32 acres. Mr. Ables reviewed the discussion from the meeting with the attorney who advised defining that the newly purchased 32 acres becomes common property. Mr. Ables stated that any action on docks would apply to all common area not just the 32 acres. Ivan Langford III asked for the Board to take action on the advice of the attorney for removal of attachment of docks to be removed from PVTI common property. Charles Baker motioned to table discussion for the agenda at January’s Board of Director’s meeting. Motion was seconded by Ivan Langford III. All in favor – motion approved.

XI. ADJOURN

The board adjourned at 11:30 AM. Motion to adjourn by Ivan Langford III. Motion was seconded by Arlene Catania and all approved with unanimous vote.

Approved: January 16, 2010 Board of Director’s Meeting

_____________________________________________________________________________________________________________________________

Brent Burns, Secretary

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

JULY 17, 2009

President Glen Hahn called the meeting to order at 6:30 PM on Friday, April 17, 2009. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Glen Hahn, Marshall Heins, Brent Burns, Charles Baker, Mel Kurth, Sonny Ables, Craig Clark, Ivan Langford III. Mark Roberts was absent and gave proxy to Mel Kurth. A quorum was established.

II. SPECIAL REPORT: Richard Welcher from WCID reported on the pre-planning stage for the Effluent Disposal Master Plan for Point Venture. The area around the tennis courts on Comanche and Indian Point are being considered for the drip system irrigation.

III. APPROVAL OF MINUTES: Charles Baker motioned to approve April 18, 2009 minutes. The motion was seconded by Sonny Ables. All in favor - motion approved.

IV. TREASURER’S REPORT: Charles Baker reported that all financials are in order and budget percentage is on mark. Discussion continued regarding the flat roof insurance proceeds still carrying a balance on the books of $9041.61. Marshall Heins motioned to close out the reserve account for the flat roof hail damage insurance funds and move to the general fund. The motion was seconded by Sonny Ables. All in favor – motion approved. Ivan Langford, III motioned to approve the Treasurer’s Report. The motion was seconded by Craig Clark. All in favor – motion approved.

V. MANAGER’S REPORT: Sherry Martinez reported of two fires this month. Both were rental units and negligence with a BBQ pit and a cigarette left on deck. Minor damage was done to deck. President Hahn reminded owners to double check their electrical plugs. Reminder for no charcoal grills allowed on decks.

Sonny Ables requested information on the guest of owners, Jeff and Joyce Sidfrid. The Sidfrid’s retained their attorney to be present and Mr. Sidfrid video taped the meeting.

Discussion on taping board meetings and allowing/disallowing copies of tapes to be available on request. President Hahn mentioned that the tapes are for office use only.

VI. PRESIDENT’S REPORT:

A. President Hahn reported on the association foreclosing on three properties July 7, 2009.

B. 32 Acre Issue continues.

C. Tree trimming on hold – waiting to hear from PV POA regarding oak wilt process found in Point Venture.

D. Repair and Maintenance Committee letters available for board approval.

VII. COMMITTEE REPORTS:

A. Architectural Enhancement – Marshall Heins, Chairman

Mr. Heins recognized committee members who have contributed: Matt Baker, Brent Burns, Craig and Mary Clark, Carl Carameros, Ivan Langford, Jim Hurley, Gary Birdwell, and Ana Britton who most recently joined.

Announcement was made that an architectural committee meeting will be held after the July 18^th annual homeowner’s meeting. Discussion continued on options that will be voted on to accept for updating their units on a voluntary basis.

B. Architectural Review – Glen Hahn, Chairman

Discussion on tabled items from April 18, 2009 board meeting for submitted plans for 285 Venture Blvd S. to build a 16 x 19 stone patio in the back of townhouse. 219 Comanche Lane submitted plans to replace rotten siding with horizontal siding. 511 Demarett Dr. submitted plans to install doors behind and underneath his townhouse for access to storage.

C. Common Areas – Craig Clark, Chairman

No report.

D. Community Relations – Mel Kurth, Chairman

Mr. Kurth requested to look further into the WCID drip-irrigation system on townhouse common property.

Discussed the golf cart issue within the Village. The Village Council is looking into making an ordinance to have a licensed driver on the golf cart if a minor is driving.

E. Deed Restrictions – Ivan Langford, III, Chairman

No report.

F. Docks & Waterways – Marshall Heins, Chairman

Committee members recognized for their efforts: Brent Burns, Carl Carameros, Gary Birdwell, Ivan Langford, III, Mary Clark, Clayton Cooke, and Matt Cresap.

G. Financial - Brent Burns, Chairman

President Hahn discussed the 23 acres of common property which includes both tennis courts, area in marina cove and around townhouses that does not show on the balance sheet that came with the development of the Townhouse Association. Further discussion is desired for a decision to put the market value of the 23 acres on the financials.

H. Landscape & Maintenance – Charles Baker, Chairman

Discussion on keeping golf carts off grass in common areas.

I. Maintenance & Repairs – Marshall Heins, Chairman

Recognized members: Mary Clark and Lisa Birdwell who completed the survey and digital photos of all townhouses to document maintenance issues. The photo books will be available in the office for review and letters will be sent to owners with issues. Marshall Heins motioned to approve the utilization of the two maintenance/repair letters as written to be sent to owners for needed repairs. The motion was seconded by Craig Clark. All in favor – motion approved.

J. Structural Issues – Craig Clark, Chairman

No report.

VIII. OLD BUSINESS:

A. Ratify approval/disapproval of tabled items of three previous architectural submissions.

1. 283 VBS Patio approved

2. 511 Demarett approved back doors underneath unit to match existing siding.

3. 219 Comanche lane horizontal siding not approved until the architectural committee decision is final.

B. Discussion regarding attorney letters.

C. Discussion on dock issues – Marshall Heins reviewed the history of the purchase of 32 acres from LCRA and all common property.

D. President Hahn reviewed a dock lease proposal to consider leasing common property for the use of docks/swim platforms. Discussion followed. Ivan Langford, III motioned to vote on the lease document as presented. The motion was seconded by Sonny Ables.

All in favor – motion approved. Owners voted.

IX. ISSUES FROM THE FLOOR: One owner asked why the attorney letters were not sent out to all owners. The letters were available upon request only.

X. NEW BUSINESS:

1. Count of election votes. There were 79 ballots received. The newly elected board director is Joyce Sidfrid. Sonny Ables and Craig Clark won re-election for 2^nd term. Vote counts as follows:

Ables 52 / Clark 43 / Sidfrid 41 / Catania 38 / Carameros 35 / Birdwell 23.

2. Vote taken on dock lease agreement. Votes received. The proposal was not accepted as presented. Official count: Yes = 10 / No = 81.

3. President Glen Hahn resigned from the Board.

4. One owner discussed ball moss in trees behind 253 Venture Blvd S. This owner is concerned on trees dying and asked the Board to consider tree trimming to remove the ball moss out of the trees.

XI. ADJOURN

The board adjourned at 9:20 PM. Motion to adjourn by Charles Baker and seconded by Craig Clark and all approved with unanimous vote.

Approved: October 17, 2009 Board of Director’s Meeting

Brent Burns, Secretary

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

APRIL 18, 2009

President Glen Hahn called the meeting to order at 9:00 AM on Saturday, April 18, 2009. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Glen Hahn, Marshall Heins, Brent Burns, Charles Baker, Mel Kurth, Sonny Ables, Craig Clark, Ivan Langford III and Mark Roberts. A quorum was established. There were no proxies.

II. APPROVAL OF MINUTES: Charles Baker motioned to approve January 17, 2009 minutes and the motion was unanimously approved.

III. TREASURER’S REPORT: Charles Baker reported on the CPA Review. All financials are in order and budget percentage is on mark. Discussion continued regarding the flat roof insurance proceeds still carrying a balance on the books. Mr. Baker suggested that the program be completed by July’s board meeting. Marshall Heins motioned to approve the Treasurer’s Report. The motion was seconded by Sonny Ables. All in favor – motion approved.

IV. MANAGER’S REPORT: Sherry Martinez reported that the chimney inspection project was completed. Out of the 167 who responded, 49 owners had already removed their fireplaces. Chimney cleaning was recommended for 23 units. Fire extinguisher project was also completed with delivery of 106 fire extinguishers to townhouses. All rental units service their own extinguishers.

V. PRESIDENT’S REPORT: President Hahn reported on the results of the A&M student program and several board directors were able to attend the presentation at A&M. Discussion regarding docks and continued research with the attorney and will follow up in next board meeting.

VI. COMMITTEE REPORTS:

A. Architectural Enhancement – Marshall Heins, Chairman

Marshall Heins reported on the A&M presentation. The committee will continue to study the enhancement ideas presented and have options available by July’s board meeting. Marshall Heins thanked Ivan Langford, III, Brent Burns, and Mary Clark for attending the A&M presentation and all the help of the committee members. Marshall Heins motioned to ratify the scholarships awarded to the A&M students. The motion was seconded by Ivan Langford, III. Mel Kurth abstained. All others in favor – motion approved.

B. Architectural Review – Glen Hahn, Chairman

Discussion on submitted plans for 285 Venture Blvd. S. to build a 16 x 19 stone patio in the back of townhouse. 219 Comanche Lane submitted plans to replace rotten siding with horizontal lap siding. 511 Demarett Dr. submitted plans to install doors behind and underneath his townhouse for access to storage. Vote tabled until board could review.

C. Common Areas – Craig Clark, Chairman

Craig Clark solicited three landscape companies and met with one company to develop a plan for landscaping the common areas. PVTI should receive a concept proposal soon. The plan is to use existing staff to complete the work.

D. Community Relations – Mel Kurth, Chairman

No report.

E. Deed Restrictions – Ivan Langford, III, Chairman

No report.

F. Docks & Waterways – Marshall Heins, Chairman

Discussion on the 50 available dock slots around the 32 acres recommended by the dock consultant engineer firm and to create a lottery for the owners who desire a dock or swim platform. All docks and swim platforms will have to be built to LCRA code. Further discussion on a suggested lease plan for dock slots which would include a slot fee, maintenance and insurance requirements. The committee would present a plan for the financial benefit of dock fees. President Hahn requested that the dock lease agreement be on the agenda for approving/disapproving at the July board meeting. No vote was taken and further discussion is needed.

G. Financial - Brent Burns, Chairman

No report.

H. Landscape & Maintenance – Charles Baker, Chairman

President Hahn recommended a reserve account for replacement of lawn equipment.

I. Maintenance & Repairs – Marshall Heins, Chairman

Completed the survey and digital photos of all townhouses to document maintenance issues. Marshall Heins thanked Lisa Birdwell and Mary Clark for their two days of shooting photos. The photo books will be available in the office for review and letters will be sent to owners with issues.

J. Structural Issues – Craig Clark, Chairman

Reviewed the 2007 structural report from Amstar Engineering Company. Craig Clark felt that most of the items on this report will be included in the maintenance and repair letters.

VII. NEW BUSINESS: None

VIII. ISSUES FROM THE FLOOR:

A. Mel Kurth brought up three items that he felt were a necessary part of the governance of the meetings and asked the board to have further discussion.

B. One owner discussed noise issues from the neighbor’s townhouse. It was suggested to contact PV Security or the sheriff.

C. Owner reported seeing skate boarders being pulled by cars. It was again suggested to call PV Security or the sheriff.

D. Discussion regarding flood insurance. PVTI is not required to provide flood insurance on master policy.

IX. ADJOURN

The board adjourned at 10:30 AM. Motion to adjourn by Mel Kurth and seconded by Brent Burns and all approved with unanimous vote.

Approved: July 17, 2009 Board of Director’s Meeting

Brent Burns, Secretary

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

JANUARY 17, 2009

President Glen Hahn called the meeting to order at 9:00 AM on Saturday, January 17, 2009. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Glen Hahn, Marshall Heins, Brent Burns, Charles Baker, Mel Kurth, Sonny Ables, Craig Clark, Ivan Langford III. A quorum was established. There were no proxies.

II. CONSIDERATION OF NEW BOARD DIRECTOR: Sonny Ables motioned to appoint Mark Roberts as new board director to replace Perry Senn. The motion was seconded by Marshall Heins. All in favor – motion approved.

III. APPROVAL OF MINUTES: Mel Kurth motioned to approve October 25, 2008 minutes. The motion was seconded by Sonny Ables. All in favor – motion approved.

Mel Kurth motioned to approve December 6, 2008 minutes. The motion was seconded by Sonny Ables. All in favor – motion approved.

IV. TREASURER’S REPORT: Charles Baker reported on the 2008 budget. Several factors involved overage on irrigation due to the drought, clean-up project for the 32 acres, and additional sprinkler systems installed. Mr. Baker reported that the receivables were down compared to year end 2007. Marshall Heins motioned to approve the Treasurer’s Report. The motion was seconded by Sonny Ables. All in favor – motion approved.

V. PRESIDENT’S REPORT: President Hahn thanked all directors and members for their hard work and dedication to improve the value of Point Venture Townhouses, Inc. President Hahn announced the promotion for Sherry Martinez to manager.

VI. MANAGER’S REPORT:

A. A/R collections less than the end of 2007. The foreclosure that was scheduled for Jan 6^th was cancelled due to the homeowner paid his account in full. Another bankruptcy was dismissed and turned into the attorney’s office for proceedings. Sherry works continually with several slow payers.

B. Lee has been busy with sewer line repairs and trimming trees away from townhouses.

C. Eddy is keeping leaves picked up as much as possible.

D. Tom Burt, CPA is available to do the annual review. Mr. Burt has requested a $500.00 increase. He has done our review for the past 6 years.

VII. OLD BUSINESS: Marshall Heins motioned to give PVTI employees a raise increase as presented. The motion was seconded by Ivan Langford, III. All in favor – motion approved.

VIII. COMMITTEE REPORTS:

A. Architectural Enhancement – Marshall Heins, Chairman

Marshall Heins reviewed the agreement with the Dean of Texas A&M Architectural Student Program regarding having the graduate students come up with a plan for several options to give our townhouses a more updated look. It would involve a scholarship program of a donation of $4000.00. The students would start in January and should have several proposal options completed and prepared for a presentation to the PVTI board and then at a PVTI meeting all by March. One owner requested if carports could be considered.

B. Architectural Review – Glen Hahn, Chairman

Discussion regarding 281 VBS previous submitted plans. Owner withdrew his request at this time. Owner of 285 VBS has submitted a plan for a 16 x 19’ stone patio behind his townhouse. Directors will have further discussion.

C. Common Areas – Craig Clark, Chairman

No report.

D. Community Relations – Mel Kurth, Chairman

Discussion on issues regarding ACC and deed restrictions.

E. Deed Restrictions – Ivan Langford, III, Chairman

Discussion on the modification of deed restrictions. President Hahn explained that it requires 2/3 vote of members in each section to amend the deed restrictions. There are five townhouse sections in the association. Discussion followed regarding townhouse rentals and regulations.

F. Financial - Brent Burns, Chairman

No report.

G. Landscape & Maintenance – Charles Baker, Chairman

No report.

H. Maintenance & Repairs – Marshall Heins, Chairman

Reviewed proposal to take digital photos of all townhouses, front, back, and sides to determine repairs needed. Marshall Heins motioned to complete a photographic survey of all townhouse exteriors to document existing exterior conditions and document any maintenance issues requiring repair and to return to the board for further discussion and then contact the PVTI TH owner. The motion was seconded by Ivan Langford, III. All in favor – motion approved.

I. Structural Issues – Craig Clark, Chairman

No report.

J. Docks & Waterways – Marshall Heins, Chairman

Discussion on the proposed dock program on the 32 acres. President Hahn recommended sending all draft documents to all owners and plan a special meeting in early spring for further discussion before the PVTI board begins voting on issues.

IX. NEW BUSINESS:

A. CPA: Ivan Langford, III motioned to pay the $500.00 increase for annual review to $3000.00. The motion was seconded by Craig Clark.

All in favor – motion approved.

B. 2009 Budget: Sonny Ables motioned to accept the 2009 Budget with presented changes. The motion was seconded by Ivan Langford, III.

All in favor – motion approved.

C. President Glen Hahn proposed to increase the townhouse dues by $7.00 per month. Craig Clark motioned to increase the dues 10% to $84.00. The motion was seconded by Sonny Ables. Mel Kurth and Mark Roberts opposed.

Majority approved motion.

X. ISSUES FROM THE FLOOR: Discussion on next meeting date.

XI. ADJOURN

The board adjourned at 11:23 AM. Motion to adjourn by President Hahn and seconded by Charles Baker and all approved with unanimous vote.

Approved: April 18, 2009 Board of Director’s Meeting

Glen Hahn, President

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S COMMITTEE MEETING

December 6, 2008

President Glen Hahn called the meeting to order at 9:00 AM on Saturday, December 6, 2008. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Glen Hahn, Mel Kurth, Sonny Ables, Craig Clark, Marshall Heins, Ivan Langford III, Brent Burns. Charles Baker was absent. Perry Senn has resigned. A quorum was established. There were no proxies.

II. PRESIDENT’S REPORT: Explanation of committees and requested a preliminary report from the chairman of the committees. President Hahn requested that all reports to be finished as soon as possible and mailed to owners for review. All voting will be done at January’s board meeting.

A. Architectural Enhancement – Marshall Heins, Chairman

Marshall Heins reported that he had talked with the Dean of Texas A&M Architectural Student Program regarding having the graduate students come up with a plan to give our townhouses a more updated look. It would involve a scholarship program of a donation of $4000.00. The students would start in January and should have a proposal done by April. President Hahn requested to have the agreement in writing before proceeding. Mel Kurth made the motion to have the A&M Architectural Graduate Student Program evaluate the townhouses for possible future enhancements. The motion was seconded by Brent Burns and approved with a unanimous voice vote.

B. Architectural Review – Glen Hahn, Chairman

Discussion of two submitted plans of 223 VBS and 281 VBS. 223 VBS requests 3 small windows to be placed in a newly built roof pitch for providing light in storage space. 281 VBS requested to install a 6’ outdoor kitchen grilling area next to his deck. Plans were given to each director for inspection. Voting will take place at January’s board meeting.

C. Common Areas – Craig Clark, Chairman

Craig Clark proposed to do the same program with UT students to get ideas on landscaping. Discussion on the difference of committee descriptions of landscape/maintenance verses common areas. Discussions on the placement of the trashcans.

D. Community Relations – Mel Kurth, Chairman

Discussion on residents verses week-end homes in PV. 510 lots out of 1067 are not built on in PV. Gave stats on the ownership of PV. Discussion on different issues regarding WCID / Village / POA / ACC.

E. Deed Restrictions – Ivan Langford, III, Chairman

Discussion on the enforcement of deed restrictions.

F. Docks & Waterways – Marshall Heins, Chairman

Discussion on current docks in the 32 acre cove.

G. Landscape & Maintenance – Mel Kurth, Co-Chairman

Discussion on the difference of responsibilities between this committee and Common Area committee. President Hahn requests to kep these committees separate.

H. Maintenance & Repairs – Marshall Heins, Chairman

Proposed to take digital photos of all townhouses to determine repairs needed. Owners will be notified before proceeding.

I. Structural Issues – Craig Clark appointed as new chairman.

III. OTHER ISSUES

A. Discussion on appointing a replacement for Director Perry Senn. The Board will vote on this at the January’s board meeting.

B. Discussion on docks in the marina cove.

IV. ADJOURN

The board adjourned at 10:45 AM. Motion to adjourn by Sonny Ables and seconded by Craig Clark and all approved with unanimous vote.

Approved: January 17, 2009 Board of Director’s Meeting

Glen Hahn, President

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

October 25, 2008

President Glen Hahn called the meeting to order at 9:00 AM on Saturday, October 25, 2008. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Glen Hahn, Mel Kurth, Sonny Ables, Craig Clark, Charles Baker, Marshall Heins, Perry Senn, Ivan Langford III, Brent Burns. A quorum was established. There were no proxies.

II. APPROVAL OF MINUTES: The minutes for the Board of Director’s Meeting of July 18, 2008 were presented. Charles Baker made a motion that the minutes be approved as presented. The motion was seconded by Sonny Ables and approved with a unanimous voice vote.

III. TREASURER’S REPORT

Charles Baker reported on the budget and profit and loss financials verses actual for the first nine months. There were several increases on accounts due to the 32 acre clean-up project, automobile repairs, fuel price increase and irrigation costs due to our drought conditions.

Perry Senn made a motion that the treasurer’s report be approved as presented. The motion was seconded by Craig Clark and approved with a unanimous voice vote.

IV. PRESIDENT’S REPORT – See New Business.

V. OFFICE MANAGER’S REPORT

A. Sherry Martinez reported on delinquencies. We have several slow-paying owners, a new bankruptcy filed and one foreclosure posted for January, 2009.

B. The updated PVTI Handbooks/Rules were sent to all owners who are not on the email list. Rules were posted on the townhouse website for all others to view and print if desired.

C. Office received many requests from owners regarding the condition of their unit and building which had been reported on the structural survey report done by Amstar Engineering, Inc. in June 2007.

D. Public roads in PV are being cracked-sealed by the Village. PVTI roads are our responsibility.

E. Termite inspections have been done for the year. No termites were seen.

VI. OLD BUSINESS

A. Discussion on the Vision 2008 Survey.

B. Discussion on Amstar Engineering Structural Survey.

VII. NEW BUSINESS

A. President Hahn reported on the workshop meeting held on September 27, 2008. Ten committees were formed. Architectural Enhancement, Architectural Review, Common Areas, Community Relations, Deed Restrictions, Docks, Financial, Landscape/Maintenance, Maintenance & Repairs, and Structural Issues. A detailed description was given on all committees. Members are encouraged to join.

B. Marshall Heins reported that he had talked with the Dean of Texas A&M Architectural Student Program regarding having the graduate students come up with a plan to give our townhouses a more updated look. It would involve a scholarship program of a donation of $4000.00. The students would start in January and should have a proposal done by April.

C. President Hahn proposed to schedule a committee report meeting in December.

VIII. ISSUES FROM THE FLOOR

A. Discussion on docks in common areas.

B. Discussion on locked fence across common areas and having combination for the lock.

C. Discussion on supervision of our next painting project and maintenance issues.

IX. ADJOURN

The board adjourned at 10:00 AM. Motion to adjourn by Sonny Ables and seconded by Marshall Heins and all approved with unanimous vote.

X. EXECUTIVE SESSION

Approved: January 17, 2009 Board of Director’s Meeting

Glen Hahn, President

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR’S MEETING

July 18, 2008

President Mel Kurth called the meeting to order at 6:35 PM on Friday night, July 18, 2008. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Mel Kurth, Sonny Ables, Craig Clark, Ted Hendricks, Charles Baker, Marshall Heins and Perry Senn. Clayton Cooke and CL Roy were absent. A quorum was established. There were no proxies.

II. APPROVAL OF MINUTES: The minutes for the Board of Director’s Meeting of April 19, 2008 were presented. Marshall Heins made a motion that the minutes be approved as presented. The motion was seconded by Sonny Ables and approved with a unanimous voice vote.

III. PRESIDENT/TREASURER’S REPORT

Accounts Receivables are high due to $7088.00 still outstanding on the 32 acre common area purchase. 46 accounts owe $14,900.00 for Insurance Premiums. There are 10 owners totaling $24,000 who are slow pay or at the attorney’s office for lien/foreclosure process. One owner is in bankruptcy.

Sonny Ables made a motion that the treasurer’s report be approved as presented. The motion was seconded by Perry Senn and approved with a unanimous voice vote.

IV. OLD BUSINESS

A. Discussion on several items to be added to the PVTI Handbook/Rules:

1. No Open Fires Permitted

2. Camping is Prohibited.

3. Current fine structure for violations.

Marshall Heins motioned to send out the PVTI Handbook annually with the revised additions with the new approved date. The motion was seconded by Sonny Ables and approved with a unanimous voice vote.

B. Discussion regarding the Dock removal request for one owner who repaired his dock and moved back into the water.

Marshall Heins motioned to revoke the letter and to remove all legal fees from owner’s account being his first notice given. The motion was seconded by Sonny Ables and approved with a unanimous voice vote.

C. Discussion regarding phase 2 of clean-up and removal of dead trees and brush from the new common area. Sonny Ables motioned to accept the bid from Chetin Chippin’s for $4000.00 plus dumpster fee. All tree stumps to be leveled or cut no more than 3-4” high. The motion was seconded by Perry Senn and Ted Hendricks and Charles Baker voted against.

D. Presentation by Sonny Ables regarding PVTI Master Insurance Policy. According to the restrictions and bylaws PVTI is NOT required to carry flood insurance.

E. Presentation by Marshall Heins for 32 acre Dock Engineer Survey by Loomis-Austin.

V. NEW BUSINESS

93 ballots received. Newly elected board directors are Glen Hahn, Brent Burns, and Ivan Langford III.

Burns 53 / Hahn 53 / Langford 47 / Roberts 44 / Carameros 34 / Filos 26

VI. ISSUES FROM THE FLOOR

One owner requested permission to cut down 5-7 china berry trees behind his unit which is on common area. The Board agreed that there would be no problem cutting those trees.

VII. ADJOURN

The board adjourned at 8:50 PM. Motion to adjourn by Charles Baker and seconded by Ted Hendricks and all approved with unanimous vote.

VIII. EXECUTIVE SESSION

Approved: October 25, 2008 Board of Director’s Meeting

Glen Hahn, President

POINT VENTURE TOWNHOUSES, INC.

BOARD OF DIRECTOR'S MEETING

APRIL 19, 2008

President Mel Kurth called the meeting to order at 9:00 AM on Saturday, April 19, 2008. The meeting opened with a roll call of those present.

l. DIRECTORS PRESENT: Directors Mel Kurth, Sonny Ables, Craig Clark, Clayton Cooke, Ted Hendricks, Charles Baker, Marshall Heins and CL Roy. Perry Senn was absent. Mr. Senn’s proxy was given to Craig Clark. A quorum was established.

II. APPROVAL OF MINUTES: The minutes for the Board of Director’s Meeting of January 19, 2008 were approved. Marshall Heins made a motion that the minutes be approved as presented. The motion was seconded by Sonny Ables and approved with a unanimous voice vote.

III. PRESIDENT’S REPORT:

A. Reported on the CPA annual review and PVTI renewed lease for office space for another three years.

B. Reported on Eddy doing a great job with our landscaping. There have been many compliments on his work. The bagging of the leaves has been the biggest issue.

C. Reported on Lee keeping the trees and shrubs trimmed back and keeping gutters cleaned.

D. Sherry is staying on top of collections. One owner is in bankruptcy and another at the attorney’s office for collections. She is working with several slow pay owners. The process of emailing statements and news has been a big success.

IV. TREASURER’S REPORT:

A. Financials seem to be in order for this time of year. Sonny Ables made a motion that the treasurer’s report be approved as presented. The motion was seconded by CL Roy and approved with a unanimous voice vote.

V. NEW BUSINESS:

A. President Kurth reviewed the purchase of the new 32 Acres of Common Property from LCRA which originally started with conversations back in 2003 when the Board at that time chose not to purchase but later decided it would be in the best interest of PVTI owners.

1. Usage - The two entrances to this common area are Indian Point and Comanche Point. Discussion by Sonny Ables to install “Private Property” signs at these entrances as soon as possible. Clayton Cooke motioned to have the signs printed with “Private Property, Point Venture Townhouses, Inc. with telephone number”. The motion was seconded by Craig Clark and approved with a unanimous voice vote.

2. Craig Clark motioned and it was seconded by Ted Hendricks and approved with a unanimous voice vote to keep the cable across the entrance roads with combination locks and give the combination only to owners that request it and the combo be changed to a new number every 90 days or after any abuse.

B. Docks

1. Marshall Heins suggested hiring a marine dock consultant to review dock issues and creating guidelines for dock policy for presentation during the July board meeting. Ted Hendricks motioned and was it was seconded by Clayton Cooke and approved with a unanimous voice vote.

2. Marshall Heins motioned to send the Vision 2008 Survey results to all owners by mail and email. It was seconded by Craig Clark and approved with a unanimous voice vote.

3. Marshall Heins motioned to send the updated Handbook/Rules out as soon as possible to all owners by mail and email and annually thereafter. The motion was seconded by Craig Clark and approved with the vote results of 6/1/1. CL Roy abstained and Mel Kurth voted against.

4. Marshall Heins motioned to send the owner of 233 VBS a letter to remove his land bound dock within 30 days because of disrepair and not being maintained. The motion was seconded by Craig Clark and approved with the vote results of 7/2. Mel Kurth and Charles Baker voted against.

5. Discussion on cutting of trees and brush in the common areas and owners attempting to contract the work themselves. All work requests should be made through the office.

VI. ISSUES FROM THE FLOOR:

1. Owner reported railroad ties which are rotted on Comanche Lane are being replaced with stone by the PVPOA and not PVTI.

2. One owner requested to move the meetings back into the Venture Board Room instead of the Clubroom.

3. One owner discussed his feelings of PVTI dealing with more important issues like the aging structures, painting projects and landscaping.

VII. The board adjourned at 12:00 AM. Motion to adjourn by Clayton Cooke and all approved with unanimous vote. No executive Session was conducted.

Approved: July 18, 2008 Board of Director’s Meeting

Mel Kurth, President