1. January 30, 2007 1 Annual Meeting January 30, 2007

2. 2January 30, 2007 Agenda Introduction of Current Board members Announcements by Officers and Committees Review of 2006 Financials and 2007 Projections Discussion of 2006 capital improvement projects Election of Officers Other association business Deed restriction changes Adjournment

3. 3January 30, 2007 Board Members 2006 NameResponsibility George DillonGeorge DillonPresident George Dillon Lisa NorwoodLisa NorwoodVice President Lisa Norwood Kevin BordelonKevin BordelonSecretary Kevin Bordelon VacantAt Large Ben EftingBen EftingAt Large Ben Efting

4. 4January 30, 2007 Committee Chairs 2006 NameResponsibility Stan FaberStan FaberDeed Restrictions Stan Faber Skipper JonesSkipper JonesArchitectural Committee Skipper Jones Jeff NorwoodJeff NorwoodMaintenance Committee Jeff Norwood Pat GarnerPat GarnerFinance Pat Garner Bill ColeBill ColePool Management Bill Cole Amy EftingAmy EftingWeb Master Amy Efting

5. 5January 30, 2007 Announcements & Reports Presidential overview Committee Reports Garage Sale/ Recreation Garage Sale/ Recreation Maintenance Maintenance Architectural Control Architectural Control Deed Restriction Deed Restriction

6. 6January 30, 2007 Garage Sale/Recreation Easter Egg Hunt April 8 th 30 kids 30 kids Yard of the Month April through October Winner received Home Depot Gift Card Winner received Home Depot Gift Card October 3, 2006 annual garage sale 77 participants 77 participants Pool open May through September ?? Average daily participants ?? Average daily participants

7. 7January 30, 2007 Maintenance Removed See Saw and Balance beam from Castlewood Replaced landscape contractor due to poor performance Contracted for mulching of Castlewood & Applewood parks, medians and falling leaf entrance Replace one tree at Applewood park Installed plants and splash rocks at Castlewood building Contracted for repairs of Castlewood Park Building with Hardie Plank siding and new exterior lighting Added split rail fencing behind Applewood park Falling Leaf entrance Flag replacement Castlewood Swing replacement & repairs Installed 2 ceiling fans at pool gazebo Repaired Falling Leaf sprinkler system Contracted for pump replacement at pool Volunteers pressure washed playground equipment and sidewalk Volunteers removed damaged tree at Castlewood Park Hung PARKING FOR RESIDENTS ONLY, NO TRESPASSING and NO DUMPING signs

8. 8January 30, 2007 Architectural Control Total Number of requests = 99% approved* *% approved w/ changes required *% approved w/ changes required % as requested % as requested Breakdown by type of Request % Repairs/ Replacements % Repairs/ Replacements % New Pools % New Pools % Backyard structures % Backyard structures New Home submitted & pending New Home submitted & pending

9. 9January 30, 2007 Deed Restriction Most common Violations Fences Fences Vehicles Vehicles Overgrown yard/shrub & trash Overgrown yard/shrub & trash violations notices sent corrected on first notice final notices

10. 10January 30, 2007 Financial Review Insert Pat’s spreadsheet and one with verbiage highlights

11. 11January 30, 2007 Financial Review Insert Pat’s spreadsheet and one with verbiage highlights

12. 12January 30, 2007 Financial Review Insert Pat’s spreadsheet and one with verbiage highlights

13. 13January 30, 2007 Deed Restriction Changes History of change process/committee Restrictions better aligned with homeowner goals vs. original builder goals Dues increase to $225.50 on January 1, 2006. Billed January 1, 2007 and due by April 1, 2007. WTHOA dues still among lowest in Friendswood Comparison of WTHOA dues to others in Friendswood Forest of Friendswood Forest of Friendswood Lakes of Friendswood Lakes of Friendswood Eagle Lakes Eagle Lakes Falcon Ridge Falcon Ridge Boca Raton Boca Raton Lakes of Falcon Ridge Lakes of Falcon Ridge

14. 14January 30, 2007 Election of Board Members Three open positions Board nominates (2 year terms)

15. 15January 30, 2007 Other Business Web Site Newsletter Volunteer sign up

16. 16January 30, 2007 Goals for 2007 Maintain neighborhood property appearance and home value Improve financial position of WTHOA Build reserve Build reserve Collect delinquents Collect delinquents