1

Major Events

• 1969 through 1970: DSI began efforts to develop Beaver Lake with purchase of property. K.F. Gorman President and Jesse Sutton Project Manager• 17 Jan 1972: Dam construction began• July 1973: Dam construction completed• Spring 1972, first newsletter called “Beaver Lake Briefer” published.• Mar 76, first Beaver Lake News published, Vol 1, no 1.• 15 Apr 1972; Beaver Lake Association (DSI) Finalizes rules with first handbook published. Robert Gerlach of DSI was President• May 1974 Bob Moutrie and Ron Alter became first property owners assigned to the Beaver Lake Board• 30 Jun 1975: Beaver Lake Association takes over from Beaver Lake Corporation (DSI) and assumes responsibility for operations and maintenance.• May 1975• Date: Lawsuit with DSI for not completion of project• Date: Beaver Lake Assumes full responsibilit for the association.

• Other notable happenings in 1974 were the ordering of the first stocking of the lake with 20,000 walleye. Channel cat, bass, and blue gill were already in the lake. John Otto opened the concession stand by the Clubhouse on July 6th of ’74 called Coconuts. Today it is run by the Marina.

• The Beaver Lake Association was first formed with DSI and two property owners in 1975

• On August 20, 1976 US National Bank and the Beaver Lake Association took over from DSI. The membership voted on the takeover on March 20, 1977. In July of 1977 a class action suit was filed on behalf of the property owners against the developers for their lack of completion of various utilities in the area.. An agreement Dr. Ramon Fusaro was voted to be the first President of the Board.

• In April of 1977 1,700 lots had been sold since 1971. A total of 140 homes had been built.

• On March 20, 1978 there was a meeting to organize the Beaver Lake Ladies’ Auxiliary. The Charter meeting of the Auxiliary was held April 10, 1978. I was elected the first president, Sandy Napravnik was Vice President, Mary Ann Hyde was Secretary and Eloise Henslee was elected treasurer.

• Over the years, we have had many social events at our Clubhouse. We have held many dances. SLIDE: This slide shows one of the first dances that was held. One of the most successful events we’ve had was our first LasVegas night held in the spring of 1975.

2

3

4

5

6

7

8

Site of first boat ramp

9

10

11

12

13

14

HISTORICAL EVENTS1971 TO 1986

1970 -- OCTOBER 27‑‑ARTICLES OF INCORPORATION FILED 1971 -- OCTOBER 9‑‑FIRST MEETING OF BOARD OF DIRECTORS (DSI)1972 -- AUGUST ‑‑CLUBHOUSE OPENING WITH BOB DEVANEY -- FINANCE COMMITTEE ESTABLISHED -- POOL OPENED -- "BEAVER BRIEFER" FIRST PUBLISHED (pre-runner to newsletter)1973 -- FIRST LAKEFRONT HOUSE BUILT‑‑TED AND BUNNY TRUMP‑‑LOT 1081974 -- APRIL‑‑WATER AND SEWER SYSTEMS OPERATIONAL -- JULY‑‑DRIEST JULY IN 194 YEARs‑‑13 DAYS OVER 100 DEG. 110 MAX -- NOVEMBER--37 MOBILES AND 58 HOUSES -- FIRST ANNUAL MEETING, RON ALTER AND BOB MOUTRIE WERE FIRST PROPERTY OWNERS ON THE BOARD -- PROPERTY AND LAKE COMMITTEES ESTABLISHED ‑‑ CENTRAL, SOCIAL, AND MEMBERSHIP COMMITTEE ESTABLISHED1976 –- US NATIONAL BANK (NORWEST BANK) ASSUMED CONTROL FROM DSI -- MAY—FIRST ALL PROPERTY OWNER BOARD OF DIRECTORS—AL SCHMUECKER PRES -- SEPT--TAKE OVER COMMITTEE ESTABLISHED1977 -- MARCH 20TH ASSOCIATION VOTED TO TAKE OVER RESPONSIBILITY -- JULY—CLASS ACTION SUIT FILED BY THE ASSOCIATION AGAINST DSI -- UTILITY COMMITTEE ESTABLISHED

15

1978 -- BEAVER LAKE AUXILIARY ESTABLISHED1979 -- REAL ESTATE COMMITTEE ESTABLISHED -- NATURE CLUB ESTABLISHED -- WATER METERS INSTALLED (170 HOMES)1971 -- BUILDING COMMITTEE ESTABLISHED1981 -- DIRECTORS POSITION ELIMINATED, BUDGET REALIGNED AND LONG RANGE FINANCIAL PLANNING BEGUN1983 -- LAKE CLEANUP PROJECT BEGUN‑‑DREDGING AND SILT PONDS1984 -- SECURITY COMMITTEE ESTABLISHED1985 -- CLASS ACTION AGAINST DSI FAILED -- DIRECTORS AGREED TO NEW FINANCIAL PACKAGE WITH THE BANK INCLUDING PAYING OFF LOAN DATED 11 APR 19771985 -- LOAN PAID OFF1986 -- BEAVER LAKE COVENANTS AND BYLAWS AFFIRMED By NEBRASKA SUPREME COURT.2002 -- NEW SEWER PLANT BUILT2005 -- COMPLETED PAVING OF ALL ROADS -- NEW WATER PLANT -- NEW DREDGE PURCHASED

HISTORICAL EVENTS1971 TO 1986 (CONT)

16

BLA Dues History

BLA DUES SUMMARYDate Quarterly Yearly Increase

1976 Original $45.00 $180.00 0Jan-78 $49.50 $198.00 10.0%Jul-79 $54.45 $217.80 10.0%Jan-81 $59.90 $239.60 10.0%Jan-82 $65.89 $263.56 10.0%Jan-83 $72.43 $289.72 9.9%Feb-84 $79.73 $318.92 10.1%Feb-88 $87.70 $350.80 10.0%Feb-89 $96.47 $385.88 10.0%May-91 $101.50 $406.00 5.2%May-93 $108.60 $434.40 7.0%May-94 $119.46 $477.84 10.0%May-96 $122.45 $489.80 2.5%May-97 $128.57 $514.28 5.0%May-98 $141.43 $565.72 10.0%Feb-99 $152.75 $611.00 8.0%Jan-03 $160.40 $641.60 5.0%Jan-05 $164.41 $657.64 2.5%Jan-06 $164.41 $657.64 0.0%Jan-07 $172.62 $690.48 5.0%Jan-08 $172.62 $690.48 0.0%Jan-09 $177.80 $711.19 3.0%

Note: There is also a $14 expansion fee per month to pay the loan on the water plant