1. Autumn Heights COA Annual Meeting January, 2007

2. Agenda Overview of Autumn Heights COA 2007 Budget Goals – Short and Long Term Misc. Items to be discussed Election Conclusion

3. Autumn Heights COA Overview Collectively we, all homeowners, own it -- above ground and underground: We all need to protect it We all need to take care of it We all need to maintain it We all pay for it

4. Autumn Heights Overview 26 Buildings with 140 Units 22 years old and in good shape for its age Clubhouse with amenities Pool and Hot Tub Approx. 10-12 Acres of grounds 64 sprinkler zones

5. Autumn Heights Overview 16,780 ft² of concrete 3,125 linear ft of wood fence 4280 ft² of wood retaining walls 210 waste & vent lines, water and sewer laterals 95,921 ft² asphalt pavement 22,760 linear ft of gutters and downspouts Over 300 trees and 200 bushes

6. Autumn Heights Overview The AHCOA Reserve Account permits us to address the financial consequences of most unforeseeable damages, repairs, replacement of these assets. Undesirable alternative to reserve accounts are special assessments.

7. AHCOA Organization AHCOA Homeowners AHCOA Board of Directors Z&R Property Mgmt. Var. Contractors

8. AHCOA Organization AHCOA Management and Supervision Administration Bookkeeping, Banking and Financial Insurance Legal Vendor/Contractor Qualification Enforcement of Covenants

9. Z&R Property Mgmt. Company 25 years in business Company administers 45 properties in Colorado Springs – some larger and some smaller than AHCOA Company employs 6 property mangers, each handling several properties Company president has MBA etc.

10. 2007 Budget Overview Budget $317,600 (53,760 increase) $70K Loan $42K Lawn, trees & landscaping $71K Utilities & Trash $31K Insurance $24K Management $36K Misc $105KReserve

11. 2007 Objectives – Short Term Live within current budget Continue to retire roof loan Build up depleted Reserve Acct. Focus discretionary spending on “curb appeal” items Advertise our strengths with local realtors

12. Long Term Goals Continue to manage for long-term financial stability Continued increase in property value Maintain Autumn Heights as a place where people want to live Continue rigorous enforcement of covenants

13. Misc. Discussion Items: Grounds Lawn turf thinning Weed removal Flower bed maintenance Sign posts bent by mowers Down spouts broken by mowers Fall clean-up and trimming was disappointing

14. Misc. Discussion Items: Outdoor Lights Outdoor lights come on at erratic hours (early afternoon through morning)

15. Misc. Discussion Items: Pool Issues Use by others than AHCOA owners/renters Lack of control of pool access – key duplications etc. Use by unaccompanied children No smoking sign needed Pool use information to all owners/residents with AHCOA rules

16. Misc. Discussion Items: Traffic High volume and speed of traffic Larger signs Reduce speed Speed bumps

17. Misc. Discussion Items: Z&R Better treatment of homeowners Better customer service overall

18. Election Nominations Comments by nominees Voting Results Announcement

19. Questions

20. Closing Comments