Franklin Trace HOA Meeting June 5 th, 2012

FTHOA Board of Directors Carlton Bale Rebecca Coats Barry Griffin Sharon Neal Ryan Roberson Terri Roberson

FTHOA Management Kirkpatrick Management Company General Manager Joseph Winship (317) Association Property Manager Kevin Patterson (317)

FY2012 Successes Addressed issues with homeowner complaints concerning the quality of work of landscape contractors Fixed Southport road drain pipe issue – Expected “for good”! Replaced broken and stolen signs Significant progress on unified covenant’s Formalized architectural approval process Negotiated mailbox purchase deal Reviewed quality of service expectations with contractors Board action on pond fountains – General homeowner responsibility and the responsibility of homeowners living on the ponds Fixed issue with common area irrigation and water meter expense Addressing expected cost increases in several areas

Mail Boxes Estes Designs (317) S. Mitthoeffer Road Indianapolis, IN Mailbox Solutions (317) Rutgers Lane Fishers, IN Otto’s Streetscape Solutions (317) E. Main Street, Greenwood, IN

FY2012 Homeowner Issues Quality of contractor/landscaping performance Homeowners adhering to covenants Security Maintenance of common areas – Including trees, lighting, pond water, etc.

2013 Franklin Trace Objectives Continue improvement in overall maintenance and appearance of the community – Common areas and Southport entrance Finalize covenant unification with minimal spending – Potential for one final mailing Address Aristocrat pear tree pruning – Potential for horrible results if homeowners take it upon themselves Cover increases in irrigation expense and increase in electricity expense – Electricity cost up 14.5% over the next two years (announced April 2012) – Water up 26% 2010 through 2013 (approved in February 2011) Ensure homeowners are protected from expected upcoming maintenance costs and unplanned/unbudgeted expense (increase reserve fund to match community needs/expectations) – Two of three pond pumps are more than eight years old More than $5,000 to replace not including installation – Pond contamination issues if city is required to address – Recover HOA dues in a timely period – Address drainage issues when/if they arise – Address security issues when/if they arise

HOA Fee Trend 3.2% annual increase over three years 3.2% annual increase over the last eight years

Franklin Trace- Spring Bloom

Poorly Pruned Pear Trees- What We Want to Avoid

Franklin Trace- Front Entrance

HOA Board Members 2013 BOD (agreed to remain) – Barry Griffin- President – Ryan Roberson- Vice President – Terri Roberson- Treasurer – Rebecca Coats- Secretary – Carlton Bale- Member – Sharon Neal- Alternate 2013 Nominee – Jason Bell

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