Present: Calloway, Tran, Yee, Hollis, Ostrander
Also present: K. Doyle, Pacific Crest Community Management; reserve analyst (by phone)
Called to order: 6:30 PM  Adjourned: 8:19 PM

1. 1. Call to order. The special meeting was called to order at 6:30 PM. A quorum was established.
2. 2. Purpose of meeting. The meeting was noticed for the presentation and adoption of the community's first reserve study.
3. 3. Reserve study presentation. The analyst presented component inventories and funding scenarios for the pool, tot lot, monumentation, and trail assets.
4. 4. Funding discussion. The Board discussed baseline versus threshold funding. No change to the current assessment is required in either scenario.
5. 5. Adoption. Motion to adopt the reserve study under the threshold funding plan: carried unanimously.
6. 6. Landscape contract renewal. The landscape contract was renewed for one year on existing terms.
7. 8. Adjournment. There being no further business, the meeting adjourned at 8:19 PM.

Respectfully submitted,
Barb Hollis, Secretary