Meeting called to order Wednesday, August 29, 2012, at 6:00 p.m. in the 870 Inman Clubroom; quorum established.

Attendance

Brad Davis, Darius Hodge, C.J. Sinar, Nick Scott, and Kristy Cowell

Business

Fire Inspections

Community wide fire inspections must occur for the 870 Inman to maintain compliance with applicable fire codes. This process requires inspection of all units and common areas. The Board determined to conduct these inspections on two consecutive Saturdays, September 22 and 29. Kristy Cowell will send out notices to residents regarding the details and will outline the procedures relating to obtaining residents? consents to enter units to test alarms and sprinklers. Kristy will be overseeing the inspections and will accompany the inspectors for the duration of the inspections.

Fire Inspections

The Board reviewed and discussed the current and projected financial condition of 870 Inman. Overall, 870 Inman continues to maintain its strong financial health. However, to meet future necessary expenses so as to maintain its strong financial health, the Board discussed the advisability of a modest, appropriate increase in monthly HOA dues, which would be the first such increase in HOA dues since establishment of 870 Inman in 2007. The Board resolved to continue discussions regarding proposed fee schedules, and any such increase would not be implemented until on or around the beginning of the next budget year.

Duct Cleaning

The Condo Docs require annual cleaning and inspections of all ducts relating to laundry dryers to avoid any potential fire hazard. Although each resident is responsible for ensuring compliance with these rules, the Board discussed conducting these cleanings/inspections on a community wide, opt-in basis, which would result in substantial cost savings for all residents.

Social Activities

The Board discussed the scheduling of community social activities, particularly continuing the 870 Inman Holiday Party, and discussed a proposed budget relating to such activities. The Board resolved to continue gauging community interest in such activities and to plan accordingly.

Annual Meeting

The Board discussed procedures relating to scheduling and conducting the Annual Meeting and is tentatively scheduling the Annual Meeting to take place in the 870 Inman Clubroom on Wednesday, November 28, 2012.

Miscellaneous Maintenance

The Board briefly discussed various miscellaneous maintenance issues throughout the building and developed appropriate action items and resolutions relating thereto.

Adjournment

Meeting adjourned at approximately 7:15 p.m., with the next meeting to occur one month later or at such time as the Board deems necessary in accordance with the by-laws.