January 30, 2007January 30, 2007 11

Annual MeetingAnnual MeetingJanuary 30, 2007January 30, 2007

22January 30, 2007January 30, 2007

AgendaAgenda

Introduction of Current Board membersIntroduction of Current Board members

Announcements by Officers and CommitteesAnnouncements by Officers and Committees

Review of 2006 Financials and 2007 ProjectionsReview of 2006 Financials and 2007 Projections

Discussion of 2006 capital improvement projectsDiscussion of 2006 capital improvement projects

Election of OfficersElection of Officers

Other association businessOther association business

Deed restriction changes Deed restriction changes

AdjournmentAdjournment

33January 30, 2007January 30, 2007

Board Members 2006Board Members 2006

NameName ResponsibilityResponsibility

George DillonGeorge Dillon PresidentPresident

Lisa NorwoodLisa Norwood Vice PresidentVice President

Kevin BordelonKevin Bordelon SecretarySecretary

VacantVacant At LargeAt Large

Ben EftingBen Efting At LargeAt Large

44January 30, 2007January 30, 2007

Committee Chairs 2006Committee Chairs 2006

NameName ResponsibilityResponsibility

Stan FaberStan Faber Deed RestrictionsDeed Restrictions

Skipper JonesSkipper Jones Architectural CommitteeArchitectural Committee

Jeff NorwoodJeff Norwood Maintenance CommitteeMaintenance Committee

Pat GarnerPat Garner FinanceFinance

Bill ColeBill Cole Pool ManagementPool Management

Amy EftingAmy Efting Web MasterWeb Master

55January 30, 2007January 30, 2007

Announcements & ReportsAnnouncements & Reports

Presidential overviewPresidential overview

Committee ReportsCommittee Reports Garage Sale/ Garage Sale/

Recreation Recreation MaintenanceMaintenance Architectural ControlArchitectural Control Deed RestrictionDeed Restriction

66January 30, 2007January 30, 2007

Garage Sale/RecreationGarage Sale/Recreation

Easter Egg Hunt April 8Easter Egg Hunt April 8thth 30 kids30 kids

Yard of the Month April through OctoberYard of the Month April through October Winner received Home Depot Gift CardWinner received Home Depot Gift Card

October 3, 2006 annual garage saleOctober 3, 2006 annual garage sale 77 participants77 participants

Pool open May through SeptemberPool open May through September ?? Average daily participants?? Average daily participants

77January 30, 2007January 30, 2007

MaintenanceMaintenanceRemoved See Saw and Balance beam from Castlewood Removed See Saw and Balance beam from Castlewood Replaced landscape contractor due to poor performanceReplaced landscape contractor due to poor performanceContracted for mulching of Castlewood & Applewood parks, medians and falling leaf Contracted for mulching of Castlewood & Applewood parks, medians and falling leaf entranceentranceReplace one tree at Applewood park Replace one tree at Applewood park Installed plants and splash rocks at Castlewood buildingInstalled plants and splash rocks at Castlewood buildingContracted for repairs of Castlewood Park Building with Hardie Plank siding and new Contracted for repairs of Castlewood Park Building with Hardie Plank siding and new exterior lightingexterior lightingAdded split rail fencing behind Applewood parkAdded split rail fencing behind Applewood parkFalling Leaf entrance Flag replacementFalling Leaf entrance Flag replacementCastlewood Swing replacement & repairsCastlewood Swing replacement & repairsInstalled 2 ceiling fans at pool gazeboInstalled 2 ceiling fans at pool gazeboRepaired Falling Leaf sprinkler systemRepaired Falling Leaf sprinkler systemContracted for pump replacement at poolContracted for pump replacement at poolVolunteers pressure washed playground equipment and sidewalkVolunteers pressure washed playground equipment and sidewalkVolunteers removed damaged tree at Castlewood ParkVolunteers removed damaged tree at Castlewood ParkHung PARKING FOR RESIDENTS ONLY, NO TRESPASSING and NO DUMPING Hung PARKING FOR RESIDENTS ONLY, NO TRESPASSING and NO DUMPING signssigns

88January 30, 2007January 30, 2007

Architectural ControlArchitectural Control

Total Number of requests =Total Number of requests =

99% approved*99% approved* *% approved w/ changes required*% approved w/ changes required % as requested% as requested

Breakdown by type of RequestBreakdown by type of Request % Repairs/ Replacements% Repairs/ Replacements % New Pools% New Pools % Backyard structures% Backyard structures New Home submitted & pendingNew Home submitted & pending

99January 30, 2007January 30, 2007

Deed RestrictionDeed Restriction

Most common ViolationsMost common Violations FencesFences VehiclesVehicles Overgrown yard/shrub & trashOvergrown yard/shrub & trash

violations notices sentviolations notices sent

corrected on first noticecorrected on first notice

final noticesfinal notices

1010January 30, 2007January 30, 2007

Financial ReviewFinancial Review

Insert Pat’s spreadsheet and one with Insert Pat’s spreadsheet and one with verbiage highlightsverbiage highlights

1111January 30, 2007January 30, 2007

Financial ReviewFinancial Review

Insert Pat’s spreadsheet and one with Insert Pat’s spreadsheet and one with verbiage highlightsverbiage highlights

1212January 30, 2007January 30, 2007

Financial ReviewFinancial Review

Insert Pat’s spreadsheet and one with Insert Pat’s spreadsheet and one with verbiage highlightsverbiage highlights

1313January 30, 2007January 30, 2007

Deed Restriction ChangesDeed Restriction Changes

History of change process/committee History of change process/committee Restrictions better aligned with homeowner goals vs. Restrictions better aligned with homeowner goals vs. original builder goalsoriginal builder goalsDues increase to $225.50 on January 1, 2006. Billed Dues increase to $225.50 on January 1, 2006. Billed January 1, 2007 and due by April 1, 2007.January 1, 2007 and due by April 1, 2007.WTHOA dues still among lowest in FriendswoodWTHOA dues still among lowest in FriendswoodComparison of WTHOA dues to others in FriendswoodComparison of WTHOA dues to others in Friendswood

Forest of FriendswoodForest of Friendswood Lakes of FriendswoodLakes of Friendswood Eagle LakesEagle Lakes Falcon RidgeFalcon Ridge Boca RatonBoca Raton Lakes of Falcon RidgeLakes of Falcon Ridge

1414January 30, 2007January 30, 2007

Election of Board MembersElection of Board Members

Three open positionsThree open positions

Board nominates (2 year terms)Board nominates (2 year terms)

1515January 30, 2007January 30, 2007

Other BusinessOther Business

Web SiteWeb Site

NewsletterNewsletter

Volunteer sign upVolunteer sign up

1616January 30, 2007January 30, 2007

Goals for 2007Goals for 2007

Maintain neighborhood property Maintain neighborhood property appearance and home valueappearance and home value

Improve financial position of WTHOAImprove financial position of WTHOA Build reserveBuild reserve Collect delinquentsCollect delinquents