1. Persimmon Creek Annual Meeting August 26, 2014 www.PersimmonCreekHOA.com

2. Volunteer Board Members Term Expires Andrew YoncePresident & CEOAugust 2015 Marlin McCoyVice PresidentAugust 2014 John StockerTreasurerAugust 2014 Pete DickinsonSecretaryAugust 2014 Jessica StaufferMember at largeAugust 2014 Derek MinkerMember at largeAugust 2014 Derek EdwardsMember at largeAugust 2015 Dan HallMember at largeAugust 2015

3. Board of Directors Standing for Election Term Expires Marlin McCoyVice PresidentAugust 2014 John StockerTreasurerAugust 2014 Pete DickinsonSecretaryAugust 2014 Jessica StaufferMember at largeAugust 2014 Derek MinkerMember at largeAugust 2014

4. Board Achievements 2013-2014 Maintained a Balanced Budget Continued to Aggressively pursue Delinquent Accounts Established a Reserve Account for Reserve Expenditures Maintained Community Common Areas Monitored and Partnered with Blenheim Builder Saved $1200.00 on Annual Insurance Premium Enhanced post snowstorm clean up services

5. 2013 -2014 Year in Review Continued Strong Financial Position Delinquencies are down again 5 th year running Section 5 of Persimmon Creek is almost completed by Blenheim Landscaping in Section 5 of Persimmon Creek completed by Blenheim

6. 2014 -2015 Focus Enhance community common areas ◦ Playground mulch refresh ◦ Partner with county to repaint curbs ◦ Partner with county to mark fire hydrants Publish master color pallet Homeowner property community rule enforcement (to increase home values) 4 th dog station installation on Persimmon Way Transfer of Phase 5 common area to HOA from Builder

7. FY 2013-2014 Financial Report Current Cash Position Ending Balance (7/31) $ 63,772.38 Back Dues owed to the community was $7378.30

8. Fiscal Year 2014-2015 Dues No Increase in dues. They will remain the same at $239 for Fiscal Year 2014-2015 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

9. FY2014 - 2015 Budget Dues for 2014-2015 will be $239 per home2014/15 Budget Income 06310 - Association Fees $ 46,844 Expense 07010 - Management Fees 12,160 07020 - Accounting & Audit Fees 400 07160 - Legal Fees 500 07280 – Insurance 1344.00 07300 – Website 250 07320 - Office Expense 2,000 07410 – Community Expense 150 07990 - Bad Debt Expense 5,000 08910 – Electricity 5,000 09020 - Grounds Maintenance 9,300 09110 - Repair and Maintenance 500 09140 – Janitorial 3,200 End of Expense $ 39804 09910 - Reserves - Saving Contribution $ 7040

10. Welcome Lorraine Brady Aspen Property Manager General Email: info@aspenpropertymgmt.cominfo@aspenpropertymgmt.com Lorraine Brady, Property Manager Email: lbrady@aspenpropertymgmt.com lbrady@aspenpropertymgmt.com Brad Carrillo, President/Property Manager Email: bcarrillo@aspenpropertymgmt.com bcarrillo@aspenpropertymgmt.com Website: http://www.aspenpropertymgmt.comhttp://www.aspenpropertymgmt.com 200 East Main Street Elkton, MD 21921 Phone: (410) 620-2598 Fax: (443)303-8890

11. Aspen Management Report Aspen Visits the Community Every Other Week 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.

12. Aspen Focus for 2014-2015 Manage 2014-2015 HOA Billing / Processing Collect on Past Due Accounts Manage Finances to the Board’s Budget Focused Enforcement of the following: ◦ Exterior Home Maintenance (i.e. missing shutters, missing shingles, etc.) ◦ Homeowner Landscaping Maintenance (i.e. over grown lawns, bushes, etc.) ◦ Use current HOA fine structure when there is non-compliance with HOA standards put in place to keep the community nice ◦ Manage transition of new Blenheim Homes joining our community ◦ Parking Other Tasks as Assigned

13. Questions Please feel free to speak with Lorraine Brady, Aspen Property Manager or a Volunteer Board Member with any additional Questions?