Persimmon Creek Annual Meeting August 23,

Your Board Term Expires Andrew YoncePresident & CEOAugust 2013 Marlin McCoyVice PresidentAugust 2012 Jaclyn CarterSecretaryAugust 2013 John StockerTreasurerAugust 2012 Nick LayMember at largeAugust 2013 Steve ReevesChairman, Grounds CommitteeAugust 2012 Pete DickinsonMember at largeAugust 2013 Derek EdwardsMember at largeAugust 2013 Jessica StaufferMember at largeAugust 2012 Kurt ColburnChairman, Architectural CommitteeAugust 2013 Derek MinkerMember at largeAugust 2012 Dan HallMember at largeAugust 2013 Sala DanboiseMember at largeAugust 2013

Important Information Persimmon Creek Phase 5 (Front Lot) ◦ Building started, model to be finished soon. ◦ No word on # of units under contract or sold at this time. Persimmon Creek Phase 4 (Back Lot, Over the creek) ◦ No plans to start at this time.

Important Information Corron’s Trash Removal ◦ Preferred Community Trash Hauler ◦ Special Community Pricing, With No Fuel Surcharge ◦ Ask for the Persimmon Creek pricing

Important Information Snow Plowing ◦ Our Property Taxes cover Snow Removal ◦ Cecil County Public Works, Road Division  Miss Utility ◦ Call Prior to Doing Landscaping Work to Avoid Hitting Cable or Phone Lines  Trash ◦ Please help us keep our community looking beautiful, If you see stray trash please pick it up. Parking ◦ Parking is only permitted in the assigned spaces. ◦ Please help us patrol this buy calling the Cecil County Sherriff's office to report parking violations. They are responsible for county owned road. The HOA does have the power to fine for a parking offence, however the Sherriff's office has a much faster process and will quickly issue a $50 parking ticket.

President’s Priorities Maintaining a Balanced Budget Continuing the Downward Delinquency Trend % or 21 Homes Goal for 2012 is 8% or less We are at 8.9% or13 homes in collections ~ 8 being new this year Playground Renovation Project (Planning ) Maintain Community Common Areas Continued Monitoring of the Blenheim Project

Year in Review Strong Financial Position Delinquencies are Down again 3 rd year running Gazebo Vandalism Community Incidents

Goals Playground Restoration – Fall or early Spring Replace Gazebo roof Community Yard Sale Publish Paint Color Standards Publish a community news letter

FY Financial Report Current Cash Position Cash balance (7/31) $ 40, Estimated Ending balance (8/31) $ 35, We remain on target is to have one year of HOA expense the reserve by Back Dues owed to the community is $ (as of 7/31/2012)

FY Dues Dues will be going from $219 to $239 for Allow us to have a stronger fiscal position. Have funds to maintain and improve the community. Be prepared for rising cost in the future. Things to keep in mind: Dues notices will be mailed Sept 1 st Dues are due Sept 30 th All reasonable payment plans accepted, Contact Aspen Failure to pay will result in account being sent to collections

FY Budget Dues for will be $239 per home2012/13 Budget Income Association Fees $ 44,639 Expense Management Fees 11, Accounting & Audit Fees Legal Fees – Insurance 2, – Website Office Expense 2, – Community Expense Bad Debt Expense 5, – Electricity 5, Grounds Maintenance 7, Repair and Maintenance – Janitorial 2, Grounds Committee 633 End of Expense $ 37, Reserves - Saving Contribution $ 6,840.00

Board of Directors Standing for Election Term Expires Marlin McCoyAugust 2012 John StockerAugust 2012 Steve ReevesAugust 2012 Jessica StaufferAugust 2012 Derek MinkerAugust 2012

Aspen Property Management General Brad Carrillo, President/Property Manager Allison Fenwick, Property Manager Website: Please note the new address 200 East Main Street Elkton, MD Phone: (410) Fax: (443)

Aspen Management Report Aspen visits the Community once a week  To date we have opened 120 violations  We have resolved 118 violations  We are currently working on 2 violations Typical Enforcement Procedure ◦ Initial warning ◦ Second Warning ◦ Final Warning ◦ Advise the Board to make a determination to send to legal for enforcement or attempt to resolve with an alternative method.

Aspen Focus for Manage HOA Billing / Processing Collect on Pass Due Accounts Manage Finances to the Board’s Budget Focused Enforcement of the following: ◦ Homeowner Landscaping Maintenance ◦ Exterior Home Maintenance ◦ Trashcans Storage ◦ Parking Other Tasks as Assigned

Thank You for Attending Questions?