MEETING OF THE BOARD OF DIRECTORS

DOE VALLEY ASSOCIATION, INC.

Monday January 24^th, 2011

5:00 p.m. Doe Valley Admin Office

Members present: Stuart Pepper by phone, Steve Blaske, Bill Hofmann and Ken Wilson, General Manager. Ron Schade and Bob Beyerlein were absent.

Steve Blaske established a quorum by phone with Mr. Pepper. Stuart acknowledged the meeting and gave his proxy to Steve and would vote along with his decisions during this meeting.

The financials were presented by Patsy Vaughn, all questions were answered and Steve made motion to accept financials, Bill 2^nd, motion carried.

Next Patsy passed out the Budget for 2010 proposal for the Board to take home and review for the next meeting.

Doug Reed, Lloyd McCollum and Ken presented their proposal for the purchase of the lake and golf course. They presented examples of how the $13 assessment and the group of concerned members monies would be used. Discussion of negotiations, disbursement, management and oversight followed. It was agreed that these 3 travel to Florida to negotiate with Ms. Keim at the end of the month.

Manager’s report: Ken informed the Board that the ceiling in the bar has been replaced. A snow plow and salt spreader will have to be purchased this year to replace aging items. He also requested that the Board consider purchasing a heavy duty 4X4 utility/maintenance truck with side boxes that can be used by Utilities as well as plow and salt the roads when needed; $11,000 is the target amount requested. The Board will take these recommendations under advisement.

Salt is becoming more difficult to obtain due to the amount of storms in the northeast. We will have to be more selective in our spreading at times so the roads may not be as cleared as they have been.

Ken presented a resolution to the Board for consideration authorizing him to represent the Board in negotiations with Ms. Keim in regards to the lake and golf course purchase. Steve made a motion to approve the resolution, Bill 2^nd, the motion carried.

Steve made motion to adjourn, Bill 2^nd, motion carried.