February 02, 2011

NORTH CHATEAU HEIGHTS HOMEOWNERS ASSOCIATION, INC.

ANNUAL MEETING

Location: 301 S. Bales, Unit # 4

Date: Monday, February 02, 2011

Time: 7:00 PM.

The meeting was called to order at 7:30 P.M.

Roll call indicated that property manager Ted Miller Jr. lawyer Miguel Wise were in attendance as well as the following lot owners: # 4, and 18.  4 proxies were tendered for lots # 3, 9, 16, and 24 there was a quorum present and the meeting was begun.

Proof of notice of meeting was presented by Ted Miller Jr.

There was a reading of the minutes of the Annual Meeting of February 01, 2010. Upon motion, second and unanimous vote the minutes were approved as read.

Mr. Miller then presented the 2010 Financial Report. Upon motion, second and unanimous vote the 2010 Financial Report was approved.

There were no Officers or Management reports given.

There was no Old Business discussed.

There was no New Business discussed:

Mr. Miller then presented the 2011 Annual Budget. The Budget was adopted as presented, after motion, second and unanimous vote.

There was a motion made, second and unanimous vote to retain the assessment rate at its current level of $500.00 per quarter.

After motion, second and unanimous vote Patsy Vela was elected to serve as a three year term director.

There were several general comments and discussions undertaken with no action taken.

Meeting adjourned at 8:15 P.M.