MINUTES OF THE BOARD OF DIRECTORS MEETING OF OREGON WASHINGTON COMMUNITY ASSOCIATION MANAGERS (OWCAM) HELD ON AUGUST 21, 2007, IN THE OFFICES OF CMI, 2105 SE 9th, PORTLAND OR.

PRESENT:
Steve Brodehl, President
David Hummel, Vice President
Lisa Campbell, Secretary
Jim Main, Treasurer
Steve Barber, Director

ABSENT:
Ron Balash, Past-President Advisor

I. CALL TO ORDER
Steve Brodehl called the meeting to order at 8:40 A.M.

II. APPROVAL OF PREVIOUS MINUTES
AGREED
Upon motion made by David Hummel, seconded by Steve Barber, and unanimously carried, the August 2, 2007 Board of Directors Meeting Minutes was approved.

III. FINANCIAL REPORT
Discussion ensued on details of income and expenses for OWCAM. Jim is to separate income i.e., affiliate, manger, Expo, and sponsorship. Steve asked each committee ito present an estimated budget. Each committee liaison will email the committee’s budget to Jim and he will update the overall budget. Jim reported on the balance in checking to be $155,108.02 including the three $30,000 CD’s.

IV. BYLAWS AMENDMENT APPROVAL
AGREED
Upon motion made by Lisa Campbell, seconded by Jim Main, and unanimously carried, the amended Bylaws were approved for vote by the voting membership.
Discussion ensued on the distribution of material to the voting membership. Steve Brodehl will draft the cover letter and Lisa Campbell will draft the ballot. A packet will be mailed to each management company with all the material to be distributed to voting members by August 31st and the deadline for return was set for September 15th, 2007.

V. EXECUTIVE ADMINISTRATOR
The Board set September 6, 2007, 9:00 - 11:00 AM to interview the three candidates for the Executive Administrator position. The interviewing will take place in the offices of NW Community Management. Steve Brodehl will contact the candidates and set the interview times with each of them.
David Hummel will develop the questions and send them to the board by the 28th of August in preparation of the interviews. Steve Barber will develop the employment contract. Steve Brodehl will investigate the insurance/E&O requirements.

VI. NEXT MEETING DATE
The next regularly scheduled Board Meeting was scheduled for September 6, 2007 immediately following the interviews in the offices of NW Community Management.

VII. ADJOURNMENT
With no further business to discuss, the meeting was adjourned at adjourned 10:00 A.M.