Willows HOA / WQS & WMLP Annual Meeting September 19, 2015

  Roll Call and Introductions  Proof of Notice of Annual Meeting  Quorum of Owners and Proxies (20% of the total voting power of all owners from each class [4 votes])  Motion to dispense with reading of minutes  Report from Board of Directors  Report from General Manager Homeowners Association Meeting

 Building Report ..  Painting  Wood siding, wood trim, and stucco re- stained/re-painted  Cost $38,500  Timeframe: next spring  Garage Door  Door damaged this winter  Possibility of replacing with vinyl panel door: $25,612

  Budget Approval (Budget does not need a vote but a majority of owners can vote to reject the budget) Homeowners Association Meeting

  Old & Unfinished Business  Use of Spa by Willows Management  New Business  Conversion of stairwell 6 to residential space  Election of Officers  Adjournment Homeowners Association Meeting

  Approval of Minutes from prior meeting  Report from the Board of Directors  General Manager’s Report Willows Quarter Share / Management Meeting

WQS Winter Revenue

Winter Owner Days Comparison 2011/122012/132013/142014/15 Owner Days Unique Owner Visits Average Owner Stay

WMLP Winter Revenue

 Willows QS Summer Revenues

 WMLP Summer Revenues

 Summer Source of Business

  Vail Vitality Center/Vail Athletic Club  Ski Storage at Bridge Street Ski Haus  Breakfast discounts at Lodge at Vail  Bikes Owner Benefits

  Old & Unfinished Business  New Business  Election of Officers  Adjournment Willows Quarter Share / Management Meeting