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, March 9, 1998 at 2839 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

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 December 11, 1997 were read and approved.

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

David Caplan reported on the situation with 12 Willwood Court. The matter has been referred to binding arbitration at the direction of the Circuit Court for Baltimore County. The Board must send a member to testify at the hearing to be set. Costs of the arbitration will be shared equally between the parties.

As to 7510 Stream Crossing Road, David Caplan reported that the owner has received a permit for a new retaining wall. Dave reminded the Board that the old wall was not in compliance with County requirements and has to be removed. No permit was obtained ofr its construction. The issue as to sediment control is still up in the air. There is an existing violation from the old retaining wall that has not been resolved. The Board also directed the management company to determine how much the association is owed for unpaid dues and the best way to enforce payment. The management company also spent $75 on behalf of the association to clean up a portion of the property. Some concrete repair has also been made by the owner and sod has been laid. The situation will continue to be monitored.

Ron Bondroff reported that $2,500 of the budget line items was placed back in "reserves" for future contingency.

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

Architectural Review Committee

The committee reported that a Duron Paints has provided paint chips and color schemes for use by the owners for repainting. Every approved color scheme is now represented in this book so that all of the homeowners can select a color combination that will meet with ARC approval.

The committee is still in the process of reviewing and revising the Guidelines. A report will be made to the Board as to any proposed changes.

Grievance-Violations Committee

No report.

Landscaping/Maintenance Committee

The committee will meet with RAR to review the fall planting and general dissatisfaction with the quality of plants. The committee will follow up on the Spring cleanup and replanting of the pansies and will report to the Board.

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

David Caplan reported that there is $8,048.45 in the operating checking account and $15,353.64 in the reserve account. The operating cash flow continues to be strong.

As to delinquencies, 9 accounts have been referred to the attorney for collection (a total of $1,510.00). There are 22 accounts that owe for January, 1998. Three accounts owe for October, 1997 and January, 1998 and will be referred to the attorney for collection if unpaid by April 1, 1998.

David Caplan reported on the status of 7510 Stream Crossing and 12 Willwood in Old Business.

David Caplan will meet with RAR on March 10, 1998 to review Spring planting and will emphasize the general dissatisfaction with the Fall planting.

The next order of business was new business.

Ron Bondroff reminded the Board that the annual meeting will need to be scheduled. The suggestion was made that the meeting be held at Summit park Elementary School on May 21, 1998. The management company was directed to procure the room at the school for the meeting and begin to prepare the necessary notices and proxies for proper dissemination. It was also discussed that a time limit be established for anyone addressing the Board so that the meeting moves as quickly as possible.

Ron Bondroff also suggested that the Board consider raising the HOA dues within the discretion allowed the Board under the By-Laws. Since expenses have risen, an increase will allow keeping pace with these costs.

Mr. Bondroff suggested that a Board meeting be held prior to the annual meeting to plan the agenda and any By-Law changes.