Willowbrook Crossing HOA 2010 Annual Meeting November 10, 2010

Agenda Introductions 2010 Overview Financial Review 2011 Improvements 2011 Nominations/Election

Introductions HOA Board Members: ▫Richard Williams – President ▫Doug McCoy – Interim Vice President/Secretary ▫Larry Whatley – Interim Treasurer Landscaping/Maintenance: ▫Mark Davis – Property Restoration Solutions

2010 Overview Communication ▫Website ▫Facebook ▫Quarterly newsletters Administrative Enhancements Expense Management ▫Reduced landscaping and legal costs Community Improvements ▫Sanded and repainted gazebo and arbor ▫Landscaping – trees, seasonal flowers, lighting, etc. ▫Re-graveled pathway in common area ▫Installed pet waste stations & trashcans in common areas ▫U.S. flags Community Events ▫Annual Garage Sale

Financial Overview Beginning Balance – Jan. 1 st, 2010 ▫$9,935 Current Balance – As of Nov. 8 th, 2010 ▫Deposits - $63,234 ▫Expenses - $43,774 ▫Balance - $29,395 Projected Closing Balance – Dec. 31 st, 2010 ▫$18,395 (assumes no deposits) Outstanding HOA Dues – ▫Current Receivables - $29, (Does not include 2010 late fees) ▫46 of 259 homes owners have a balance ▫Several homeowners have setup payment arrangements Projected 2011 HOA Dues – ▫$235 - $240 range ($10 - $15 reduction from 2010)

2010 Expense Review

2011 Proposed Improvements Sand and Paint Fences ▫Estimate - $9,000 Sub-Division Sign Storage Shed Violation enforcement

Nominations for 2011 HOA Board Richard Williams – HOA President Doug McCoy - ??? Larry Whatley - ??? Nominations from the floor

Election One vote per household HOA Dues must be paid in full to cast a vote and/or hold a position Elected board members will assume responsibilities immediately