MINUTES OF THE AUGUST 13, 2003 BOARD OF DIRECTORS MEETING

ATTENDANCE
The meeting was called to order at 7:10 p.m.; Board members attending were Vernon Hassell presiding, Mel Weiser, Michael Janner, Louise Gonzales, Mark Mohr, Claude Baker, and Charles Crain. Also, present were Will DeVane of Genesis Community Management and several Inwood Forest homeowners.

OPEN FORUM
Homeowner’s present expressed concerns about the Harris County buy out program.

MINUTES
A motion was made, seconded and unanimously carried to accept the minutes of the July 9, 2003 meeting as amended.

FINANCIAL REPORT
Financial reports for July 2003 were presented. After review a motion was made and seconded to accept the financial reports as presented.
Board requested management to ask Attorney Terry Sears what stand would the Association have in court to recover fees owed by the Inwood Country Club if it folds. Also, what priority would the Association have in collecting any outstanding fees?
Board discussed cutting back on Security. Director Mike Mohr is to look at expenses and budget to determine if the Association can afford to keep security at its present rate.

MANAGEMENT REPORTS

DEED RESTRICTIONS
Deed restriction report was presented to the Board of Directors.
Board discussed the posting of political signs throughout the community. Vernon Hassell agreed to inspect and send management a report of houses with political signs in front yard so violation letters can be sent out.

POOL COMMITTEE
Pool operating smoothly.

NEWSLETTER
Preparation of the Inwood Forest C.I.A. community newsletter has been turned over from Claude Baker to Charles Crain.

OLD BUSINESS
Board agreed to refurbish entry signs.

NEW BUSINESS
Board discussed City Ordinance on inoperative vehicles and the maximum amount of days a vehicle can be parked in the street or driveway without being moved.