June 4, 2012 Meeting Minutes

The Timbers at Christmas Mountain Association

Minutes of the Special Board of Directors Meeting

June 4, 2012

The special meeting of the Timbers at Christmas Mountain Association was held on June 4, 2012 via teleconference.

I. Roll Call and Quorum

Roll call was taken with the following persons in attendance:

Constance Dodd, Vice President / Director

Tammy Bateman, Secretary / Treasurer / Director

Dale Dobis, Regional Director, Bluegreen Resorts Management

Kim Fries, Association Administrator, Bluegreen Resorts Management

Darren Graves, Maintenance Manager, Bluegreen Resorts Management

Not in attendance:

Ray Nilles, President / Director

The quorum requirement was met with two of three Board of Directors present. The meeting was called to order at 2:30 p.m. (EDT).

II. Kim Fries stated that the meeting notice was sent to the Board of Directors in accordance with the Bylaws of the Association.

III. Financial Business

A. Renovation Bid Process

Bids and previously requested information were presented. Discussions and questions followed regarding flooring, counter top materials, and fireplaces. The budgeted costs were discussed in detail.

Director Ray Nilles joined the meeting and the quorum was re-established with three of three Board of Directors present.

Director Ray Nilles requested a motion to move forward with the unit renovation with M Kogan as the contractor.

Motion: Motion was made by Director Constance Dodd to move forward with the unit renovation with M Kogan as the contractor. Motion was seconded by Director Tammy Bateman and unanimously approved.

Discussion was held regarding having a project management agreement. Dale Dobis will send a proposed Project Management Agreement with Bluegreen Construction to the Board Members.

The Timbers at Christmas Mountain Association

Minutes of the Special Board of Directors Meeting

June 4, 2012

Page 2

IV. Adjournment

Director Ray Nilles requested a motion to adjourn the meeting.

Motion: Motion to adjourn was made by Director Tami Bateman and seconded by Director Constance Dodd and unanimously approved. Meeting was adjourned at 4:09 p.m.

Acknowledged by

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Tammy Bateman, Secretary / Treasurer