Annual Meeting of the Members Arrowhead @ Vail Association Annual Meeting of the Members December 29, 2017

Welcome and Happy Holidays!

AVA Annual Meeting Rick Bross Call to Order Confirmation of Quorum Rick Bross At-Large Director, President

Board of Directors Rick Bross Dan Gallagher President (Metro District) (Outgoing) At-Large Director (Nominating) George Bigley George Coleman Commercial Director At-Large Director (Activities, Strategic Planning, DRC) Patty Strunk Medium Density Cynthia Bell (Beautification) High Density (Communications) (Outgoing) Cathie Bennett Low Density Director (Finance) Team: Jerry Hensel – Association Manager Tim Baker – Sr. Director of Base Area Ops Carol Floyd – Administration John Herbert – Public Safety Manager Erin McCauley– Finance Steve Nusbaum/Sid Shultz – DRC Admin

Meeting Agenda Meeting Minutes Approval from December 29, 2016 Meeting Election of Board Members – Greg Perkins Mountain Update – Beth Howard / Gary Shimanowitz Financial Update – Rick Bross Community Update – Rick Bross Capital Project Update – Jerry Hensel Election Results – Greg Perkins Other Business Adjournment

Approval of Previous Meeting Minutes (Dec 29th, 2016) Election of Board Members – Greg Perkins Introduction of Candidates: Randy Smith – At-Large Director Tim Gropp – High Density Director

Mountain Report Beth Howard VP & Chief Operating Officer Gary Shimanowitz Vice President of Mountain Operations

Financial Update Total Revenue $2,398 $2,119 $2,120 $279 ($ in thousands) 2018 (Budget) 2017 (Actual) $ Var ‘18 Budget vs ‘17 Actual Total Revenue $2,398 $2,119 $2,120 $279 Total Expenses ($2,261) ($2,091) ($2,103) ($170) Operating Surplus / (Deficit) $137 $28 $17 $109 Capital Expenditures ($187 ) ($146) ($174 ) ($41) Ending Fund Balance $1,129 $1,179 $1,141 ($50) Increase of $400 to $1600 for the 2018 annual assessment. RETA estimates remain consistent with prior year. Design review guidelines update is included in the 2018 expenses. Capital expenditure projects are in line with prior year budget.

Community Update

Updating the Arrowhead Design Guidelines WORK IN PROGRESS Updating the Arrowhead Design Guidelines The Design Review Committee will work with staff and Shepherd Resources. DRC Members David Cooper Gail Gelfand Kathy Alto Terry Scanlan Bert Solomon

at Country Club of the Rockies Town Hall Meetings 4:00 pm at Country Club of the Rockies Friday, January 5th and Friday, February 16th

PUBLIC SAFETY Lock down of SE and SW gates from 11:00 pm until 5:00 a.m. Homeowner Only signage at SE and SW gates directing service providers, hikers, and bikers to enter through the main gate.

PUBLIC SAFETY Two additional digital speed control signs that record data on all passing vehicles. One is mobile and will be moved around the community One is permanently mounted on Cresta Road

PUBLIC SAFETY Signage at Cresta Gate directing walkers and cyclists to ascend and descend on the right side of the road. Striping for a bike/pedestrian lane on Cresta Road is under consideration.

PUBLIC SAFETY Signage at Cresta Gate requesting mountain bikers ascend and descend on the Arrowhead Village-to-Village Trail only.

PUBLIC SAFETY New Mandatory dog on leash signage at the parking lot and McCoy Springs. Homeowners are to call Public Safety in advance of guests and infrequent service providers.

2018 Capital Projects Jerry Hensel Association Manager

2017 Capital Projects Summary

Proposed 2018 Capital Projects Cresta Road Landscape Upgrade $82k Village Landscape $30k Access Control System Upgrade $30k East End Hiking Trail Construction $30k Swimming Pool Feasibility Study $10k Lighting Analysis $5k _____________ Total $187K

Legal Counsel for the Association Election Results Greg Perkins Legal Counsel for the Association

Other Business

Making Arrowhead a better place to live and play! Adjournment Making Arrowhead a better place to live and play!