ACTIVITY REPORT

March, 2004

ARCHITECTURAL CONTROL

· 87 submissions were considered by the ACC, 72 were approved and 15 were deferred or disapproved.

· 2 new commercial projects were approved: AMLI at La Villita (360 apartment unit) and an office condominium at 1115 Kinwest Parkway (5,999 square feet).

· $5,410 in submission fees was collected; year-to-date $12,490 fees have been collected.

COVENANT ENFORCEMENT

· 107 issues have been resolved, 681 properties are being pursued and two have been referred to legal counsel.

· Conducting inventory and study of multi-tenant monument signs.

· Development map has been updated.

COMMON PROPERTY

· Tree replacements completed in Old Rochelle Park.

· Sidewalk repairs completed in greenbelt behind Fuller Drive.

· Plant material began being changed in all flower beds on March 19^th.

· Tree fertilization completed on all trees three years old and younger.

ALARM MONITORING/PATROL

· Penny Hayter, Security Director, was selected to serve as Board Secretary for the North Texas Alarm Association (NTAA).

· Dispatch processed 2,710 alarms during March; patrol had 360 responses (as of 3/30/04).

· 272 false alarms were received during March (as of 3/30/04).

· Attended Irving Police Department awards banquet.

COMMUNITY RELATIONS

· Assisting with local option election initiative and preparing for 4/2/04 press conference.

· Working with Metroplex cities to seek ideas for a proposal for a dog park in Las Colinas.

· Preparing for 4/13/04 Irving City Council and School Boards Candidates’ Forum.

· Organized Residential Liaisons meeting.

· Presentation made to Leadership Irving class regarding Las Colinas development.

FINANCE AND ADMINISTRATION

· Collected 99.08% of 2003 assessments through 3-31-04.

· Undergoing preparations for 2004 assessment billings.

· Annual financial audit and management letter to be delivered April 6th.

· Implementing credit card on-line pay access for members (utilizing LCA Web site).

· Completed 26 statements of account, one estoppel certificate, and 24 resale certificates through 3-31.

· Database maintenance included 28 property ownership changes and 245 updates.