Persimmon Creek Annual Meeting August 26,

Volunteer Board Members Term Expires Andrew YoncePresident & CEOAugust 2015 Marlin McCoyVice PresidentAugust 2014 John StockerTreasurerAugust 2014 Pete DickinsonSecretaryAugust 2014 Jessica StaufferMember at largeAugust 2014 Derek MinkerMember at largeAugust 2014 Derek EdwardsMember at largeAugust 2015 Dan HallMember at largeAugust 2015

Board of Directors Standing for Election Term Expires Marlin McCoyVice PresidentAugust 2014 John StockerTreasurerAugust 2014 Pete DickinsonSecretaryAugust 2014 Jessica StaufferMember at largeAugust 2014 Derek MinkerMember at largeAugust 2014

Board Achievements Maintained a Balanced Budget Continued to Aggressively pursue Delinquent Accounts Established a Reserve Account for Reserve Expenditures Maintained Community Common Areas Monitored and Partnered with Blenheim Builder Saved $ on Annual Insurance Premium Enhanced post snowstorm clean up services

Year in Review Continued Strong Financial Position Delinquencies are down again 5 th year running Section 5 of Persimmon Creek is almost completed by Blenheim Landscaping in Section 5 of Persimmon Creek completed by Blenheim

Focus Enhance community common areas ◦ Playground mulch refresh ◦ Partner with county to repaint curbs ◦ Partner with county to mark fire hydrants Publish master color pallet Homeowner property community rule enforcement (to increase home values) 4 th dog station installation on Persimmon Way Transfer of Phase 5 common area to HOA from Builder

FY Financial Report Current Cash Position Ending Balance (7/31) $ 63, Back Dues owed to the community was $

Fiscal Year Dues No Increase in dues. They will remain the same at $239 for Fiscal Year Things to keep in mind: Dues notices will be mailed Sept 1 st Dues are due Sept 30 th All reasonable payment plans accepted, Contact Aspen Failure to pay will result in account being sent to collections

FY Budget Dues for will be $239 per home2014/15 Budget Income Association Fees $ 46,844 Expense Management Fees 12, Accounting & Audit Fees Legal Fees – Insurance – Website Office Expense 2, – Community Expense Bad Debt Expense 5, – Electricity 5, Grounds Maintenance 9, Repair and Maintenance – Janitorial 3,200 End of Expense $ Reserves - Saving Contribution $ 7040

Welcome Lorraine Brady Aspen Property Manager General Lorraine Brady, Property Manager Brad Carrillo, President/Property Manager Website: East Main Street Elkton, MD Phone: (410) Fax: (443)

Aspen Management Report Aspen Visits the Community Every Other Week Typical Enforcement Procedure ◦ Initial warning ◦ Second Warning ◦ Final Warning ◦ Advise the Board to make a determination to send to legal for enforcement or attempt to resolve with an alternative method.

Aspen Focus for Manage HOA Billing / Processing Collect on Past Due Accounts Manage Finances to the Board’s Budget Focused Enforcement of the following: ◦ Exterior Home Maintenance (i.e. missing shutters, missing shingles, etc.) ◦ Homeowner Landscaping Maintenance (i.e. over grown lawns, bushes, etc.) ◦ Use current HOA fine structure when there is non-compliance with HOA standards put in place to keep the community nice ◦ Manage transition of new Blenheim Homes joining our community ◦ Parking Other Tasks as Assigned

Questions Please feel free to speak with Lorraine Brady, Aspen Property Manager or a Volunteer Board Member with any additional Questions?