June 29, 2012 Special Meeting Minutes

The Timbers at Christmas Mountain Association

Minutes of the Board of Directors Special Meeting

June 29, 2012

The Board of Directors Special Meeting of The Timbers at Christmas Mountain Association was held June 29, 2012 via teleconference.

I. Roll Call and Quorum

Roll call was taken with the following persons in attendance:

Connie Dodd, Vice President/Director

Tammy Bateman, Secretary/Treasurer/Director

Dale Dobis, Regional Director, Bluegreen Resorts Management

Kim Fries, Association Administrator, Bluegreen Resorts Management

Billie Jo Frontz, Administrative Assistant, Bluegreen Resorts Management

Not in attendance:

Ray Nilles, President/Director

The quorum requirement was met with two (2) of three (3) Board of Directors present. The meeting was called to order at 11:05 a.m. (EST).

II. Meeting Notice

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. Project Management Agreement

A group discussion was held regarding the proposed project management agreement between the Association and Bluegreen Construction. Dale Dobis explained that the role of the project manager would be to coordinate efforts, negotiate contracts, and oversee the work of construction, architecture and design in reference to the scope of work for the upcoming renovation.

Motion: Motion was made by Director Tammy Bateman to approve the Project Management Agreement between the Association and Bluegreen Construction and seconded by Director Connie Dodd and unanimously approved.

The Timbers at Christmas Mountain Association

Minutes of the Board of Directors Special Meeting

June 29, 2012

Page 2

IV. Adjournment

Motion: Motion to adjourn the meeting was made by Director Connie Dodd and seconded by Director Tammy Bateman and unanimously approved. Meeting was adjourned at 11:49 a.m. (EST)

Acknowledged by:


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Tammy Bateman

Secretary / Treasurer / Director