DRAFT

Walden Woods Conservancy, Inc.      
Minutes of the Annual Meeting
December 15, 2004

Present:
	Joseph Sikora - President
	Deborah Giampolo - Vice President
	Richard Ericson - Secretary
	Raju Barman	- Treasurer
	Director - Warren Johnson

	Representing Elite Management: 	Mary Lou Morell
						Frank Goeckler

Call to Order:  President Sikora called the Annual Meeting to order at 7:50 p.m.  

Mary Lou Morell presented the attached Proof of Notice of Annual Meeting signifying that notification was proprerly mailed on November 29, 2004.  

The Board of Directors was introduced.

Approval of the minutes: The minutes for the Annual Meeting of December 15, 2004 were unavailable for reading.  

Budget Ratification:  The first and only order of business was presentation of the 2005 Conservancy Budget for ratification (copy attached for record).  The budget was ratified with an affirmative vote by 18 unit owners in attendance, 4 negative unit owner votes in attendance, and 10 proxies voted in favor.  

There being no addtional Unfinished Business or New Business, it was moved, seconded and voted affrimatively at 8:05 p.m. to adjorn.  

Respectfully submitted,

Richard G. Ericson, Secretary

APPROVED

President