Chesterfield Homeowners Association, Inc.
Board of Directors Meeting
February 17, 2005

Board Members Present:
Mark Bozik, President
Kevin Fatten, Vice President
Elizabeth Klages, Vice President
Michael Savini, Treasurer

Board Members Absent:
Cate Sullivan, Secretary

Establishing quorum, Mark Bozik called the meeting to order 7:10 pm.

Approval of the Minutes
Minutes from January 2005 meeting being unavailable, approval of the minutes was tabled until next meeting.

Treasurer's Report
Michael Savini reported that income and interest for the month of January, 2005 amounted to $1,499.11 with expenses totaling $2,610.75, creating a net operating deficit of ($1,111.04) for the month. Expenses worthy of note during January 2005 were:

• $1,395.00 to OAM for two-months of management services for January and February, 2005
• $735.00 to Attorney King for legal collection expense.

Utilities paid during the month were:

• $91.80 to ComEd for electricity
• $226.86 for water service

Mr. Savini provided an update on the collection of 2005 assessments as well as an update on accounts outstanding prior to 2005.

Old Business

Amending Fence Language
Mr. Bozik reported that the Board is still awaiting clarification from Association counsel regarding amending the bylaw’ pertaining to fence requirements. The proposed language amendment refers to changing the construction materials and color of fences. Once received from counsel, further information and voting instructions will be mailed to the homeowners.

Lake Signage
Michael Savini reported that proposals for a wooden sign indicating rules and regulations for use of the lake that were to be provided by two residents were still outstanding. Item was tabled pending receipt of bids until the next meeting.

Irrigation System
Bids for the common area sprinkler system including activation, preventative maintenance and end of season shutoff services were reviewed by the Board. Michael Savini moved to approve Oasis Irrigation in the amount of $1,720.00 for the 2005 season and was seconded by Mark Bozik. Motion was unanimously approved.

Website
Website is up and running again at www.chesterfieldhomeowners.com. Mark Bozik advised that website and forum is a tool for neighbors to communicate, however any questions for the Board need to be e-mailed directly to a Board Member or contact OAM (contact information can be found on the website). Kevin Fatten advised that a sign will be posted at the front entrance area to notify residents of website operation and address.

New Business

Lawn Contract
Three bids were provided for common area lawn maintenance for the 2005 season. After careful review and discussion, a motion was made by Mark Bozik to accept Marywood Landscaping in the amount of $2,000.00 per month for the 2005 season. Motion was seconded by Kevin Fatten. Motion was approved unanimously.

Mulch
The accepted bidder, Marywood Landscaping, provided a quote for $30.00 per yard to spread mulch on the front entrance common area beds and landscaping. Discussion was held amongst the Board regarding curtailment of optional expenditures this year in an effort to conserve operating funds. Hearing all parties, Michael Savini moved to table the installation of new mulch until the 2006 season and was seconded by Mark Bozik. Michael Savini reported that surplus funds generated from conservative spending this year should be transferred to reserves to offset the withdrawal made for the wetlands expense.

EJ Klages advised that Marywood Landscaping offered a special for Chesterfield residents on lawn mowing services ranging from $30.00-$40.00 per cut. Residents should contact Marywood Landscaping directly at 630-898-5179 for further information.

Adjournment
With no further business before the Board, Michael Savini moved to adjourn. Motion was seconded by Mark Bozik and the meeting was adjourned at 8:07 pm.

Next meeting is an open meeting, March 10, 2005, at a location to be announced.

Submitted by:
E. J. Klages
Second Vice President