February 08, 2008

NORTH CHATEAU HEIGHTS HOMEOWNERS ASSOCIATION, INC.

Board of Directors

Location: McAllen Country Club

Date: Friday, February 08, 2008

The meeting was called to order at 1:45 P.M.

Roll call indicated that property manager Ted Miller Jr. was in attendance as well as the following Board Members: Oscar Ballesteros, and Patsy Vela. There was a quorum present and the meeting was begun.

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

The minutes of the meeting of May 01, 2008 were read. There were no additions or corrections and the minutes were approved by unanimous vote.

The financial reports were reviewed as well as collections. Upon motion, second and unanimous vote the financial reports were approved. Additionally it was agreed to appoint Ted Miller Jr. or Miguel Wise to serve as an agent, trustee, or attorney of the Association to exercise the power of sale granted by law on behalf of the association to foreclose its lien on the following described property: Lot 3 North Chateau Heights Subdivision, McAllen, Hidalgo County, Texas. Resolutions to that fact were endorsed by the President and Secretary. Mr. Miller was also directed to provide the 2007 Financial Reports to Richard Moore & Co. for preparation of the 2007 Tax Return.

Mr. Miller then reported to the Board that the attorney Gary Henrichson had resigned and would no longer represent the Association. He then presented a resume for Mr. Miguel D. Wise for the Boards review. After discussion and vote the President was authorized to sign the Engagement Letter to employ Miguel Wise as the Association Attorney.

There was much discussion concerning several maintenance and landscaping issues. Upon motion, second and unanimous vote it was decided to discuss the issues with the homeowners at the Annual Meeting.

There was a review of the proposed 2008 Budget. Upon motion, second and unanimous approval it is to be presented to the homeowners at the Annual Meeting.

The proposed Annual Meeting Agenda was reviewed. Upon motion, second and unanimous approval it was agreed to add to item 9. New Business the items: “Sealcoating of Streets and Alleys”, “Exterior Wall Repairs”, “Exterior Wall Landscaping” and “Maintenance Sinking Fund” . Additionally it was agreed to have the meeting at 7:00 PM at 301 S. Bales, unit # 4, on Saturday, March 1, 2008.

There was no other action taken.

Meeting adjourned at 3:45 P.M.