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Annual Meeting October 21, 2013 Welcome!!

Call to Order Establish Quorum Proof of Notice

Welcome and Introductions Board of Directors : Renee Gower, Janice Taylor, Deanna Soltis, Chris Pedison, Karen Smiley CMA: Kathleen Zavatti, Association Manager Tandy Crane, Administrative Assistant (not present) Cindy Daniels, Compliance Coordinator

Approval of 2011 Annual Meeting Minutes

Presidents Report

2012/2013 Highlights Successful Labor Day and 4 th of July Party New Landscaper Completed 1 st year of serving community Parking Space Painting Street Repair Roof Repairs Drainage Improvements Gutter Cleaning Trim Repair and Replacement Completed Common Area Tree Pruning Pool/Spa Repairs as Needed Partial Front Wall Replacement Iron Fence Painting and Repair Brick Column Repair New Signage Bathroom Locks Installed

Looking Ahead to 2013/2014 More Community Activities Continued Drainage Improvements Continued Irrigation Upgrades Security Cameras at Entrances and Dumpsters Pool Decking Replacement Garage Door Repairs

Painting Project The Board has obtained four (4) estimates to paint the community. All bids include: Pressure washing all surfaces. Caulking where needed. Masking of windows, doors and trim to prevent overspray. Necessary precautions taken to protect landscaping and vehicles. Spraying and back rolling to provide complete coverage. Quality acrylic paint to provide 10-12 years of realistic life.

Quotes Received from: Certa Pro Painters, Fresh Coat Painters, Capital Painting and Construction and Elite Painting and Construction Quote Range: $ 64,800 - $168,435 The Board is looking at a variety of funding options for this project that will not deplete the Reserve Accounts.

Community Volunteers Social Committee Organize community events and contests. Welcome Committee Welcome new residents into the community. Crime Watch Committee Reports suspicious activity, watches for safety issues. Landscaping Committee Monitors landscaping and makes recommendations for improvements. Sign up for a Committee Before you go Home!

24/7 Online Customer Service www.lifescapevillas.com

Convenient Features Check Your Account Balance Pay Assessments Online View Your Compliance Status (Violations on your property only) Submit an ACC Request Order a Resale Certificate

Financial Report

Fiscal 2012-2013 Actual Expenses $432328.08

2012-2013 Operating Plan $433,405.83

Association Assessments Provide for: Maintenance and repair of Common Areas including Entrances, Landscaping, Tree care, Irrigation System, Fences, Pools, Spa, Roofs, Building Exteriors and Foundations, Gutters, etc. Community Activities Property and Liability Insurance Property taxes on Common Areas Management and Administrative Supplies Legal Fees Reserve Contributions Common Area Utilities: Water and Electric Website

Reserve Accounts 300000 250000 200000 150000 100000 50000 0 2011 2012 2013 2014

Major Projects 2012- Current Termite Inspection and Increased Rodent Control Began rebuilding of Front Wall Drainage Repairs Irrigation System Repairs Roof Repairs Garage Damage Repairs Road Repairs Common Area/Pool Plumbing Repairs

Election of Directors Introduction of Candidates Nominations from the Floor Statements from Candidates Close Nominations Election

2013 Tax Resolution

QUESTION AND ANSWER SESSION

ELECTION RESULTS

MEETING ADJOURNED Question and Answer Session to Follow

Thank you and have a wonderful evening!