HOA Annual Meeting December 6, 2016 Welcome!

Agenda Call to Order: Mary Klever, President Establishment of a Quorum Presidents Report 2016 Budget: Hank Scarangella, Treasurer Budget review, questions and ratification by Homeowners Website review: Dan Burich, Member at Large Election of Board Members: Cary Fisher, Vice President Open Discussion: Mary Klever Adjournment

HOA Annual Meeting December 6, 2016 The Sanctuary At Peregrine Board Of Directors: Mary Klever, President Cary Fisher, Vice President Hank Scarangella, Treasurer Jeff Warning, Secretary Dan Burich, Member At Large Mike Clark, Licensed CAM, Courtney & Courtney  

HOA Annual Meeting December 6, 2016 Orchard Valley Drive

HOA Annual Meeting December 6, 2016 The Sanctuary at Peregrine Peregrine Master Association has 852 homes Three sub-Associations are in the Master The Sanctuary at Peregrine has 52 homes and 7 undeveloped lots The Villages at Peregrine has 49 homes La Bellezza has 47 homes

HOA Annual Meeting December 6, 2016 HOA Contract Companies: CB Insurance Courtney& Courtney – Mike Clark, CAM Fisk Lawnscapes – Ben Fisk, Owner and Jacob Stankich, Lead Maintenance Foreman Waste Management

HOA Annual Meeting December 6, 2016 Architectural Control Committee Kristin Petty, Chair Valerie Beck Mary Klever Hank Scarangella

HOA Annual Meeting December 6, 2016 Your Neighborhood Block Captains: Dan and Krisi Burich - Solitude Betsy Fisher and Kandi Warning - Guardian Way Hank Scarangella, Safe Harbor Court

HOA Annual Meeting December 6, 2016 Orchard Valley Drive

HOA Annual Meeting December 6, 2016 Third Annual Social

HOA Annual Meeting December 6, 2016 Homeowner Work Days: Saves potential costs that would impact the budget Helps the beautification of the community Neighborhood working together

HOA Annual Meeting December 6, 2016

HOA Annual Meeting December 6, 2016 Snow removal guidelines: Snow removal will be done when the depth is 2.5 inches. Fisk will not completely clean the Guardian Way and Solitude cul de sacs, but there will be enough plowing done for the residents to safely get in and out. Winrowing the streets: This is a procedure to avoid another pass of the plow mounted on the truck (leaving the strip of snow on the street that is left from the side of the plow not moving the snow).

2016 Budget Year The HOA will finish 2016 in the black Snow – 80% of $18,000 budget used as of November 30 Fire Mitigation – completed for $12,304 vs. $20,000 budget Invested $4,000 to support homeowner workdays for common area landscaping projects

2017 Expenses Contracts Other operating expenses - level or lower Courtney & Courtney – no change Waste Management – 6% increase Fisk Landscaping – 10% increase CB Insurance – 10% increase (est) Peregrine Master HOA – 6.5% increase Other operating expenses - level or lower

Analysis Our primary financial risk – Retaining Walls Reserve Fund is slightly below (10%) recommended funding level Recommendation: Assume risk of a significant special assessment and continue current investment amount Contract services costs will increase 6%-10% in 2017 Our neighborhood is aging Recommendation: Invest over time to protect property values A 7.5% assessment increase will provide necessary resources for 2017 and probably 2018

2017 Sources of Income (proposed) Additional income from one new home – 2065 Safe Harbor Sources of Income City Streets 25 @ $145/mo = $43,500 Shared Road/Drive 27 @ $165/mo = $53,460 Builder Lots-Sanctuary 7 @ $27.50/mo = $ 2,310 Builder Lots-Peregrine 7 @ $211.25/yr = $ 1,478 Snow Option 7 @ $20/mo = $ 1,680 $102,428

2017 Proposed Budget

HOA Annual Meeting December 6, 2016 Approval of Proposed Budget Nomination and Vote by Homeowners

HOA Annual Meeting December 6, 2016

HOA Annual Meeting December 6, 2016 http://sanctuaryatperegrinehoa.com/

HOA Annual Meeting December 6, 2016 Election of Board Members: Nomination and Vote by Homeowners

HOA Annual Meeting December 6, 2016 Open Discussion

HOA Annual Meeting December 6, 2016 Adjournment