A concurrent meeting of the Boards of Directors of Lincolnshire Apartments, Inc. and Lincolnshire North Apartments, Inc. was held on Tuesday, March 16, 1999 at 11:30 a.m. in the Audubon Area Community Services, Inc. Board Room.

Call to Order. Following lunch, President Gregory Baize called the meeting to order.

The minutes of the November 30, 1998, were reviewed for approval.

With the resignation of the previous Tenant Representative, Sherry Nash, the need for another representative was discussed. Mr. Jerry Washington expressed an interest in the position on several previous occasions.

It was approved by consensus that Mr. Washington would be the new tenant representative for Lincolnshire North Apartments, Inc.

Ms. White stated that the problem of the lack of lighting had been taken care of with the addition of two (2) flood lights on each existing pole in the vicinity of the one bedroom units. The complex is now very well lit at night and the tenants are very pleased.

Signs stating to "Please Drive Carefully, 161 Children Live Here,", are being completed by Maglinger Signs. Four signs will be erected in various locations throughout the complex: There will be a sign located at each entrance of the complex. The other two will be spaced out over the complex at various locations. These should be installed by the end of the month.

Ms. White reported that both the Lincolnshire and Lincolnshire North Section 8 contracts would be expiring on November 30, 2000. After speaking to HUD regarding this situation, she was advised to start watching for the Notices due out in October or November of 1999. These Notices will explain to us at that point what are alternatives are to extending the contracts. The regulations that are in effect this year will in all probability not be in effect for the next year. In March of 2000, the owner, Audubon Area Community Services, Inc., will have to make our decision as to what it intends to do. Being a "Preservation program," it is a possibility that Audubon may have to re-engineer its loans.

Ms. White distributed a copy of the vacancies from December 1998, through February, 1999. At this time, we have seventeen (17) vacancies. A lot of those can be attributed to the fact several tenants have been evicted for non-payment of rent.

Complex Maintenance.

The issue of hiring an extra maintenance person was discussed. At this point, Ms. White stated that the current budget would not carry an additional person. Rev. Baize suggested looking at a part-time/temporary person, so that the complex would not have to pay all of the benefits in additional to salary. Mr. Goodwin suggested that we might want to call River Valley Behavioral Health for a person to pick up the grounds. Transportation for this person was another issue that was brought up and Mr. Goodwin stated that maybe in April the new program that GRITS will put into effect may be of some benefit.

Rev. Baize brought up the issue of poor Board attendance. We might need to post notices of the Board meetings where tenants can see them so that they are aware of these meetings and could attend if they so chose. The issue of the need for a meeting place was raised, since the only place that could really accommodate any number of persons would be Cravens Elementary School. Mr. Logsdon questioned the issue of the small classrooms as not being adequate for these meetings.

Discussion then proceeded with looking at the issue of building a community building at the Lincolnshire/Lincolnshire North complex. This could be used as a Board meeting conference area in the front portion with the back area maybe being used to store equipment, mowers, etc. Mr. Goodwin stated that this center could possibly be used for some type of "automation center" for Lincolnshire/Lincolnshire North Apartments, Inc.

Mr. Logsdon suggested that a way be explored to incorporate a kitchen and a bathroom into such a building. Ms. White brought up the issue of the playground equipment being in the vicinity of the proposed building. Mr. Logsdon stated that the plans might incorporate a playground in conjuction with the building – erecting a fence around the playground to restrict it for the smaller children. The size of a proposed building was also raised. It was suggested that possibly a 30'x80' structure would be desired . Ms. White agreed to bring up more information , perhaps tentative plans relating to the issue at the next Board meeting as well as the Community Support Committee or Administrative Committee Meeting.