1. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 WELCOME GRAND OAKS HOMEOWNERS

2. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 AGENDA Report on Quorum Introductions Background Goals and Results Budget Overview Volunteers Needed Looking Forward Election of Board Members Questions / Discussion Adjourn

3. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 BOARD OF DIRECTORS Rolland Baxter, President Aly Welkley, Secretary Paul Sanchez, Treasurer John Clark Vacant

4. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 LANDSCAPE COMMITTEE Renee Brooks, Chair Leigh Stoller, Vice Chair Ron Sims, Secretary Corinne Sims, Secretary Ron Prevost NEWSLETTER COMMITTEE Denise Limon, Chair Chris McDonald, Vice Chair Sandi Morris, Secretary Karen Crist, Editor Payton James-Amberg, Webmaster

5. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 RECREATION COMMITTEE Kelly Manhard, Chair Randy Joss Ed Crist Liz Doyle Tracy Elmshaeuser ARCHITECTURAL REVIEW COMMITTEE Barry Vanhoff Leigh Stoller Al Blase

6. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 BACKGROUND Development started in 1999 Initial Board represented Developers Legend Homes took over from Pahlisch Homes in September, 2002 Transitional Advisory Committee (TAC) formed July, 2005 Committees appointed and became active New owner-represented Board elected June, 2006 (Turnover) New Architectural Review Committee established

7. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 GOALS AND RESULTS GOALS: Form and strengthen committees Increase communications Focus attention on budget RESULTS: Committees functioning well Need additional volunteers Quarterly newsletter published Website established 2007 budgets adopted No increase in fee for either Summit or Grove

8. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 OPERATING BUDGET OVERVIEW Total Summit Budget = $240,937 (293 properties)

9. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 OPERATING BUDGET OVERVIEW continued Total Grove Budget = $40,653 (78 properties)

10. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 WHAT THE OPERATING BUDGETS INCLUDE Continued operation at historic levels Possible part-time pool attendant Update of reserve study Review of clubhouse storage and access needs

11. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 RESERVES Reserve Balance is $141,622 (Dec 2006) Reserves are required by State Law Reserves fund replacement or major repair of:  Pool  Pumps / filters  Clubhouse  Weight room equipment  Sprinkler systems  Furniture  Walking paths  Landscaping  Entry signs  And much, much more

12. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 RESERVES continued Expenditures for 2007 include:  Paint clubhouse  Pool furniture  Vinyl & carpeting  Tables and chairs  Bark Dust

13. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 VOLUNTEERS NEEDED Board of Directors - 3 positions Committees:  Recreation Committee  Landscape Committee  Newsletter Committee  Architectural Review Committee (ARC)

14. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 LOOKING FORWARD New Community Manager Continued attention to cost - value for dollar Restroom in park Monthly payment option

15. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 ELECTION PROCESS Nominations from mail-ins and floor Brief statements by nominees Election of directors Announce election results

16. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 QUESTIONS AND DISCUSSION

17. Grand Oaks Homeowners Association All Community Meeting, February 7 th, 2007 THANK YOU VOLUNTEERS AND HOMEOWNERS