1. March 26, 20051 Sierra Springs Community Association

2. March 26, 20052 Agenda Introduction Minutes of the 2004 Annual Meeting Nomination of Board Members from the Floor/ Collection of votes Events and Accomplishments (2004-present) Our Financial Health Governance Issues Concerns and Issues Recognition of Volunteers Results of Election Comments/Conclusion

3. March 26, 20053 Introduction This meeting is a summary of events which occurred in our community since our last annual meeting (March 2004), current issues, and the election of Board Members.* Current Board Members Helen Churella, President Gary Mudder, Vice president Gail Taylor, Secretary Barbara Conlon, Treasurer Bob Larson, Landscape Chair Steven King, Architectural Chair * As required by our by-laws

4. March 26, 20054 Events and Accomplishments Removal of Acacia Trees Sale of Lot #60 Moving East Gate Hired a Lawyer Community 4 th of July Picnic Informed Landlord Homeowners of their Obligations and Responsibilities Conducted a Reserve Study Acquired a less costly pool service Cleaned and painted Pool Shed Skinned Palms Street Resealing

5. March 26, 20055 Events and Accomplishments – continued Replaced 2 lamp posts near the mailboxes Centralized our HOA Documents Presented Budget for Fiscal year 2005 Repaired Pool and Spa Painted Entrance Gates Painted Pool Fence Other: Cleaned pool bathroom, changed light bulbs, emptied trash, trapped a cat, etc

6. March 26, 20056 Our Financial Health  Treasurer’s Report  Income Tax  Audit

7. March 26, 20057 SSHOA Account Balances a/o March 24, 2005 Checking Account $ 6,413.46 Reserve Account$34,690.23 CD$25,195.22 TOTAL$66,298.91

8. March 26, 20058 Governance Issues By-Laws and C.C.& R. Rights and Responsibilities of Homeowners and Board Members

9. March 26, 20059 Governance Issues Who should manage our HOA Board Members? Why? Have Interest in the Community Are not paid Why Not? Difficult to get Homeowners to serve. Small Pool of homeowners who can or are able to serve. Time consuming Demands from Homeowners

10. March 26, 200510 Governance Issues Paid Managers? Why? Consistency in management Experience No need to worry about getting Board members Why Not? Expensive Unsuccessful past experience

11. March 26, 200511 Governance Issues Combination of a Board and Manager? Why? Managers contribute expertise Help Board Members Unbiased Arbitration Why not? Expensive Unsuccessful past experience

12. March 26, 200512 Governance Issues Fate Of Our HOA - If we do not have Board Members  - If we do not hire a Manager  - There will be no HOA  - No enforcement of By-laws or C.C.&R’s

13. March 26, 200513 Governance Suggestions Suggestions for recruiting more Homeowners to serve on the Board: Reduce the term from 3 to 2 years Emphasize the important contributions they can make to the community Be certain there is a “passing of the baton” Compliance of Homeowners and renters with C.C.&R.’s Other

14. March 26, 200514 Homeowner Concerns Lot 60 Build date House style Assessment Income Tax incurred Lot maintenance (weeds, etc.) One-time membership fee waived Gate Contract with Door King Cost Deductible Coverage Budget Tracking Combining Annual Meeting & Budget Presentation Parking on street and in driveways Dangerous situation, especially on west end of street.

15. March 26, 200515 Board Member Concerns Landlords/Renters Pool Rules enforcement

16. March 26, 200516 Recognition of “Helping Hands” Painting and Cleaning Pool Shed Paint Crew : Bob Woodhams Dave Anderson Bob Boege Roger Hill Jim Keeley Bob Larson David McCracken Approx. Cost Savings: $760 Clean-up Crew: Pat Anderson Barbara Conlon Clarence Galecke Ordi Hamilton Gary Mudder Jane Mudder Steven King

17. March 26, 200517 Recognition of “Helping Hands” Rock along Busby Dr: Dave Anderson Gary Mudder Jane Mudder Bob Larson Steven King Dave McCracken Jim Beatty Gail Taylor Approx. cost savings: $700 About 1/20 completed Cleaning Bathroom: Karen Graham and crew Approx. cost savings: $100/month

18. March 26, 200518 Recognition of “Helping Hands” Painting Entrance Gates: Bob Boege Clarence Galecke Approx. Cost Savings: $700 Painting Pool Fence: Dave Anderson Pat Anderson James Beatty Jim Keeley Gail Taylor Approx. Cost Savings: $792

19. March 26, 200519 COMMENTS/CONCLUSION

20. March 26, 200520 BACK UP SLIDES

21. March 26, 200521 Projects IN PROCESS Correcting Erosion along Busby By-Laws Changes PROJECTS TO BE INITIATED OR CONSIDERED Solar Heating for the Pool and Spa Painting wall along Busby Correcting irrigation water run off to street Seal/repair pool deck Refurbish or replace Pool Furniture Improve Grassy area