May 2012

MINUTES OF A REGULAR MEETING

OF

THE BOARD OF DIRECTORS

OF

BROOK RIDGE HOMEOWNERS ASSOCIATION, INC.

A Regular Meeting of the Board of Directors of Brook Ridge Homeowners Association, Inc. (the “HOA”) was held on Tuesday, May 8, 2012 at 7:30 p.m. at the home of Ted Waksman.

There were present at the meeting: Carole Princer Levy, Carolyn Levy, Paul Spindel and Ted Waksman, constituting a majority of the directors of the HOA and, therefore, a quorum. Also present was Tom Pallman of Stillman Management, Inc.

Carole Princer Levy acted as Chair of the meeting and Ted Waksman acted as Secretary thereof.

Alan Weiss joined the meeting to discuss certain issues, including whether the HOA or individual homeowners should pay for the cost of repairs and replacement of wooden siding and a long-term capital plan for the HOA. He then left the meeting.

The Board then discussed the status of the bids for the painting of the community and agreed to meet later in the month with the contractors submitting the bids.

Mr. Spindel gave a financial report and update on the 2012 results and projected 2012 budget. April results were on budget. Barring any unexpected charges the Operating Account and Capital Account balances are on budget. As of April 30, 2012 the balances of the Operating Account and Capital Account are $25,635 and $183,780, respectively. He also reported that the work on the pool is completed and will be ready to open by Memorial Day Weekend.

The Board then discussed the proposed Amended and Restated By-Laws previously prepared by Ted Waksman and sent to each of the directors several months ago. The following resolution was unanimously adopted:

RESOLVED, that the proposed Amended and Restated By-Laws in the form previously sent to each of the directors are hereby authorized, approved and adopted, subject to their being approved by the requisite vote of at least two-thirds of the Homeowners at the next Annual Meeting.

The Board has scheduled the Annual Meeting of Homeowners for Wednesday, June 6, 2012 at 7:30 p.m. at Bonnie Briar Country Club. Two members of the Board of Directors will be elected at the meeting. Anyone who wishes to run for the Board should contact Tom Pallman. The terms of office of Carole Princer Levy and Enrique Teuscher will expire at the Annual Meeting. Ms. Levy has advised the Board that she will seek re-election. Dr. Teuscher has advised the Board that he will not seek re-election. The Board also scheduled the annual pool party for Saturday, July 14, 2012. Volunteers are needed to arrange and coordinate the party. Anyone willing to do this should contact Tom Pallman.

The next Board meeting is scheduled for June 6, 2012 immediately following the Annual Meeting.

There being no further business to come before the meeting, upon motion duly made, seconded and unanimously carried, the meeting was adjourned.

Ted Waksman

Secretary of the Meeting