1. Regal Manor HOMEOWNERS ASSOCIATION 2015 Annual Meeting

2. WELCOME Call to order Establishment of quorum Housekeeping Restrooms Questions Introductions Board of Directors Cusick staff Special guests

3. AGENDA Call to order 5 minutes Councilman Huntley 15 minutes Councilman Johnson 20 minutes York County Engineering/HDR 15 minutes HOA summary 10 minutes Board of Director positions/voting procedures 15 minutes Financials 20 minutes 2015: Year in Review 15 minutes 2016: A Look Ahead 10 minutes Voting results 5 minutes Closing 5 minutes Q & A

4. SPECIAL GUESTS Fort Mill Ward 3 Councilman Larry Huntley Mayor Pro Tem Committees: Finance & Administration Public Works Planning & Transportation Water & Sewer Email: lhuntley@fortmillsc.govlhuntley@fortmillsc.gov

5. SPECIAL GUESTS York County District 1 Councilman Michael Johnson Michael served 7 years on the Fort Mill School Board before first being elected to the York County Council in 2012. Over that time Michael has been a Proven Leader with a Conservative voice. Michael's past service taught him the importance of the bond between our community and the schools and the impact that growth has on our area. Michael serves as the Chair of the York County Economic Committee on the County Council and also serves on the Finance & Operations Committee as well as the Pennies for Progress Oversight Committee. Married to Amy Johnson, first grade teacher at Gold Hill Elementary Children – Cole, age 14 and Grace, age 12 Owner of Michael Johnson, P.C. & Associates Law Firm in Fort Mill michael.johnson@yorkcountygov.com

6. YORK COUNTY Growth Roads Funding (C-Funds, CMAQ/RFATS, SIB, Pennies for Progress) County projects SCDOT projects Parks & Recreation YC 2015-2016 budget Community engagement

7. SPECIAL GUESTS Rick Carter York County Engineering TBD HDR, Inc Gravity/Force Main Sewer Project For more information: www.RegalManorHOA.com/sewer_project.asp www.RegalManorHOA.com/sewer_project.asp

8. WHAT IS REGAL MANOR HOA? Non-profit corporation Incorporated on May 5 th, 2006 by Coulston Enterprises [Declarant: Earl Coulston] Deed-restricted community 10 Developments Governing documents Regal Manor Homeowner’s Association Covenants Conditions & Restrictions (CCRs) Bylaws ARC Guidelines (adopted by Board of Directors 2008) Governing bodies Board of Directors Management company ARC Committee Nominating Committee Amenities Clubhouse 3 Pools Playground Picnic area Common, Natural, and Open spaces Nation Ford Greenway/Carolina Thread Trail Heritage Lake Not affiliated with Regent Park Initially part of “Emerald Lakes” development plan

9. REGAL MANOR HOA CONTINUED Approximately 892 occupied homes 787 Single-family homes 105 Townhomes 49 builder-owner lots Over 76 acres of common/natural areas Developments Baden Village Balmoral Fallbrook Phase I/II Phase III Regal Manor Stanton Heights (Builder/developer: Soni Construction) * Wellsley Ford Stafford Oaks Bexley Adler Grove Summerlake Townhomes (Builder/developer: True Homes)* *Still in development

10. COMMUNITY GROWTH We grew ~5.5% from last year, adding 47 homes. We have reached 94.7% of the completion target.

11. VOTING PROCEDURES Nominating Committee Article V, Section 1. Nomination. Other than the initial Board of Directors which will be appointed by the Declarant as provided in Section 1 of Article IV hereof, nomination for election to the Board of Directors shall be made by a Nominating Committee. Nominations may also be made from the floor at the annual meeting. The initial Nominating Committee shall be composed of two of the initial members of the Board. Thereafter, the Nominating Committee shall consist of a Chairman, who shall be a member of the Board of Directors, and two or more members of the Association. At the first annual meeting of the members and prior to each annual meeting of the members thereafter the Nominating Committee shall be appointed by the Board of Directors to serve from the close of such annual meeting until the close of the next annual meeting and such appointment shall be announced at each annual meeting. The Nominating Committee shall make as many nominations for election to the Board of Directors as it shall in its discretion determine, but not less than the number of vacancies that are to be filled. Such nominations may be made from among members or non-members. Nominating Committee 2014-2015 Jo Winkler, Board of Directors (Secretary) Jemel Hatcher, Association member Stacia Henney, Association member Mark Keenen, Association member Richard Sweezer, Association member 2015-2016 TBD, Board of Directors (Secretary) Jemel Hatcher, Association member Stacia Henney, Association member Mark Keenen, Association member Richard Sweezer, Association member

12. VOTING PROCEDURES Board of Directors First member-elected Board of Directors: David Yerty—Elected 2013, expires 2016. (2018,2020…) Scott Rossi—Elected 2013, expires 2015. (2017,2019…) Carl Irish—Elected 2013, expires 2016. (2018, 2020…) Dean Gaskins—Elected 2013, expires 2016. (2018, 2020…) Jo Winkler*—Elected 2013, expires 2015. (2017, 2019…) *served remaining term for Brandon VanCise Odd-numbered years will elect two members, and even-numbered years will elect three members. All elected terms will be for two years. Nominees Martin G. Titchenell* Alex Lynch Ryan Harmening* Claireann Naumescu Bryan Antley Nominations from the floor: Richard Gerstyl Bryan Antley Cynthia Wilson Claireann Naumescu Eric Kissinger **Vetted and recommended by the Nominating Committee

13. ACCOUNTS RECEIVABLE Assessments are due quarterly: January 1, April 1, July 1, October 1 Average $55,823 (last 12 months) January had 227 delinquent account with a balance of $84,345.20. As of October 31 th, there were 49 delinquent accounts with a balance of $32,169.61 For 2015, we’ve written off $12,088.23 in bad debt. Amounts include delinquent assessment(s), late interest, and legal fees (lien, foreclosure) The Association currently owns 3 properties

14. 2015 CASH ACCOUNTS OPERATING CASH$143,459 PETTY CASH$5,688 CAPITAL RESERVE$86,338 RESERVE CASH$102,251 TOTAL CASH$337,736 RECEIVABLE BALANCE $73,237.28 *As of October 31, 2015

15. FY2016 OPERATING BUDGET Association Assessments$605,200 Late Interest500 Legal Reimbursements500 Violation Fines500 Amenity Income10,000 Pool Key Fees200 TOTAL INCOME $ 616,900 Capital Account$114,89 Reserve Account18,000 Administrative141,860 Communications17,000 Taxes7,000 Pool34,000 Clubhouse14,000 Utilities101,100 Committees22,250 Landscape113,600 Maintenance33,200 TOTAL EXPENSE $616,900

16. FINANCIAL SUMMARY *As of October 31, 2015 **Budgeted

17. 2015 IN REVIEW Pool Hallway cedar flooring Vending machines Replaced pump Expanded seating (4 tables and umbrellas, 16 chairs) New first-aid equipment New ladders in “jelly-bean” pool Grounds New entrance monument for Summerlake Water/power meters installed at most entrances ?,000 bales of pine needles installed LED lighting packages at all entrances (in progress) “Regal Manor” signage installed at Regent Parkway entrance Acquired Heritage Lake

18. 2015 IN REVIEW Clubhouse Replaced microwave Miscellaneous Completed topographical survey of clubhouse and Balmoral lots Lines painted on A.O. Jones, Starlight Dr. and Regent Parkway Governance Transitioned to new management company Leveraging online tools when appropriate Continued to build on County/Town relationships

19. 2015 IN REVIEW SOCIAL EVENTS

20. 2015 CHALLENGES Accounts Receivable Contract performance Landscaping Pool Volunteers Violations Parking Yard of the month

21. 2016 GOALS Clubhouse Expand parking Interior painting Flooring Complete monument upgrades Power and water meters LED lighting packages Signage update: “EL” to ”RM” Pool Expand deck area Replace fencing Address drainage issues

22. 2016 GOALS Continue working toward new amenity cent er Sidewalks A.O. Jones Farmhouse Starlight Regent Parkway Security Comprehensive electronic access system CCTV upgrade/expansion

23. 2016 GOALS Governance Establish communication with Fort Mill School District Propose amendments/changes to RMHOA CC&Rs Heritage Lake Clean-up Repairs Survey Infrastructure Fountains Consult with regulators: SC Division of Natural Resources York County departments Federal departments

24. HOW CAN I BE INVOLVED? Volunteer Inform others Stay alert Communication Open session Website Facebook Email us Management company

25. COMMITTEES Regal Manor HOA Board of Directors Regal Manor HOA Board of Directors Social Committee Pool Committee ARC Committee Grounds/Maintenance Committee Rules & Regulations Committee Communications Committee Sidewalk Committee Security/Preparedness Committee Management company

26. VOTING PROCEDURES Voting Results The new Board of Directors will vote for positions at their January meeting Martin G. Titchenell was elected. Richard Gerstyl was elected. The Board will establish officer positions at a later time. Results will be posted.