MINUTES

GREENSPRING EAST HOMEOWNER'S ASSOCIATION, INC.

BOARD OF DIRECTORS

The monthly meeting of the Board of Directors of the Greenspring East Homeowner's Association was held on Monday, July 6, 1998 at 2816 Quarry Heights Way, Baltimore, Maryland 21209.

Present at the meeting were the following:

Ron Bondroff, President and Chairman of the meeting

Barry Lubman, Vice President

Cassia Parson, Vice President

Stan Turk, Treasurer

Alan Fink, Secretary

David Caplan, Metro Property Management

Ron Bondroff was elected Chairman of the meeting , called the meeting to order at 7:30 p.m. and declared that a quorum was present.

The Minutes of the meeting of March 9, 1998 were read and approved with minor corrections.

The first order of business was a discussion of old business.

Some of the issues raised at the annual meeting were given further discussion. The management company was directed to follow up on all of the complaints raised at the meeting, particularly the issue concerning the cutting of grass on the lower retaining wall.

As to 7510 Stream Crossing Road, David Caplan reported that he received a letter from Kevin Kamenetz, County Councilman, on June 26, 1998. The hearing that had been set for August has been postponed because of the compliance of the homeowner with the requests of the County. The lot has been seeded/sodded, concrete will be repaired and landscaping has been done. Since the management company spent $75 on behalf of the association to clean up a portion of the property, this sum will be requested for reimbursement by the homeowner. This situation continues to be monitored.

As to 2800 Moores Valley Road, a reminder letter is to be sent by the management company directing compliance with their agreement to restore the color to the original color scheme by July 30, 1998. The Board directed that a 15 day notice of compliance be sent if the homeowner fails to restore the colors with referral to legal counsel for further compliance.

The next order of business was the report of the committees of the Board:

Architectural Review Committee

No report.

Grievance-Violations Committee

No report.

Landscaping/Maintenance Committee

The Spring cleaning and replanting has been accomplished. The committee was satisfied with the Begonia planting in all of the beds. RAR will continue to monitor water need and provide watering if conditions require it. The committee also addressed a complaint raised at the annual meeting: the rye grass on the lower retaining wall has been cut.

The next order of business was the report of Metro Property Management Company.

David Caplan reported that there is $1,36.94 in the operating checking account and $17,550.28 in the reserve account. The operating cash flow continues to be strong.

As to delinquencies, 3 accounts have been referred to the attorney for collection (a total of $705.00). There is only one account that owes for January, 1998 and April, 1998. Three accounts owe for April 1, 1998.

David Caplan reported on the status of 7510 Stream Crossing Road. A portion of this matter was taken up in Old Business; additional, the owner has requested that the Board allow a variance from the setback requirements in the rear of the property for the purpose of construction of a deck. The Board directed that his account must first be made current and that the issue of any variance be referred to counsel. Several of the Board members pointed out that setback requirements are established by the County and that a formal request for a variance must be made through the Office of Zoning and Planning of Baltimore County. Also, any legal fees incurred by the Association were directed to be reimbursed by the homeowner.

As to 2800 Moores Valley Road, David Caplan will follow up on the agreement by the homeowner to restore the paint color to the original scheme.

A copy of the management report was directed to be placed in the Minutes

The next order of business was new business.

The first item in New Business was election of officers. The Board has elected the following persons to serve in the capacity indicated for the term of one year:

Ron Bondroff, President

Barry Lubman, Vice President

Cassia Parson, Vice President

Stan Turk, Treasurer

Alan Fink, Secretary

Mr. Bondroff next took up the issue of approval of the renewal of the management contract with Metro Property Management Company, Inc. The company had agreed to keep its fee to $950 per month, plus expenses, for the next year (April, 1999) with a 5% increase in years two and three.

After discussion, and by unanimous vote, the following resolution was adopted:

"RESOLVED, THAT THE Board of Directors accepts the contract submitted by Metro Property Management Company, Inc. for a term of three years effective April 1, 1998, including the right to terminate upon sixty (60) days advance notice."

A copy of the contract was directed to be placed in the Minutes.

Ron Bondroff raised the issue of the retaining wall and the conveyance of the wall and other HOA property to the Association. Since there are several unresolved issues with the developer, the management company was directed to have these issues resolved before conveyance will occur. This would include the repair of the ground at 2735 Valley Park Drive caused by retaining wall repair and drainage problems.

Dave Caplan will also revisit the proposal to build a brick wall at the entrance at Valley park Drive with the condominium.

The next meeting was set for Monday, October 5, 1998 at 2733 Valley Park Drive at 7:30 p.m.

There being no further business to come before the meeting, the same was adjourned at 9:30 p.m.

Respectfully submitted,

ALAN FINK, Secretary