The monthly meeting of Paladin XI Council was held on Jan. 21, 2009. Present were Council members Patrick Ferry, Rosemary Barat, and Stacey Back and from Management, John & Jon Mastriana. Several owners were also present to observe. Before the meeting officially started Pat Ferry nominated Stacey Back as the new Council member which was accepted by him and Rosemary. It was then decided by the new Council that Pat assume the Presidency position, Rosemary the Vice President/Treasure, and Stacey the Secretary position. Minutes of last meeting were read and accepted. Copies of the financial report were distributed and reviewed and checks signed. Variance of the Budget is $51,399.40 and for the most part relates to Landscaping, repairs (roof, drains, painting) and Utility excess of $36,351.37 (mainly for the 2 year sewer bill). The delinquency list is still long (over $11,000), of particular concern are the 3 Units in foreclosure (totaling over $7500 of the $11,000) which could be difficult to recover. OLD BUSINESS: The Club House Contract Renewal has still not been received but Pat had a conversation with Mike Walsh who says we should have it any time now. The Sidewalk Petition from 8400, 8500 & 8600 was discussed and it was noted that only 3 out of the 6 units involved voted and one of those votes was against the sidewalks. This must be a unanimous vote to move forward with the work. One of the unit owners was at the meeting and is still interested in pursuing the issue. Pat Ferry explained that this is not a closed issue at this time and if those involved wanted to continue, Council is willing to listen, discuss, and consider any ideas from those units involved. Rules and Regulations Task Force will be discussed at the next meeting. NEW BUSINESS: 1) Stacey Back brought up the idea of buying 2 ‘Bare Root’ trees from the Delaware Center for Horticulture and having volunteers from PCXI plant and take care of them. Trees bought this way cost much less than buying

from and having a Tree company plant them and we still need several more trees around the property. The cost for 2 trees would be no more than $150. Council voted to go ahead with this project. 2) A meeting concerning parking stickers and enforcement will be planned with PCMA and any other Paladin sections that would like to be involved. 3) We received a bid from Barry Hawthorne of $165 ($263 with plexiglass cover) and a copy of the layout for the replacement sign of the map by Bldg.66. It was voted on and agreed by Council to have this done. 4) The remainder of the meeting was used to discuss the new Delaware Condo Laws, specifically: Reserves [81-103(34)], Reserve Study [81-103(35)], Fines [81-302(a)(11), and 15% of Budget Reserve Requirement [81-315(a)]. Council felt that several of the laws discussed needed to be reviewed by legal counsel and Management will try to have this done by the next meeting. When we have a better [legal] understanding of these laws, we will continue to discuss them and also decide about providing the information to unit owners. Next meeting will be held on Feb. 18, 2009 at 7PM. Meeting adjourned at 9PM.

Submitted 1/2009 by: Stacey Back, Secretary

The monthly meeting of Paladin XI Council was held on ...

Before the meeting officially started Pat Ferry nominated Stacey Back as the new Council member ... Council voted to go ahead with this project. 2) A meeting ...

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