1 Annual Meeting February 4, 2009

2 Agenda Introduction of Current Board members Announcements by Officers and Committees Review of 2008 Financials and 2009 Projections Election of Officers Other association business Adjournment

3 Board Members 2008 NameResponsibility Ben EftingBen EftingPresident Ben Efting Lisa NorwoodLisa NorwoodVice President Lisa Norwood Tracy WamsleyTracy WamsleySecretary Tracy Wamsley Melanie Reyes Melanie Reyes At Large Melanie Reyes Bruce HanksBruce HanksAt Large Bruce Hanks

4 Committee Chairs 2008 NameResponsibility Stan FaberStan FaberDeed Restrictions Stan Faber Scott JamesScott JamesArchitectural Committee Scott James Jeff NorwoodJeff NorwoodMaintenance Committee Jeff Norwood Pat GarnerPat GarnerFinance Pat Garner Bill ColeBill ColePool Management Bill Cole Amy EftingAmy EftingWeb Master Amy Efting

5 Announcements & Reports Presidential overview Committee Reports Garage Sale/ Recreation Garage Sale/ Recreation Maintenance Maintenance Architectural Control Architectural Control Deed Restriction Deed Restriction

6 Yard of the Month April Gary and Trina Gibson 1403 Blueberry May Sherry Terry 1117 Castlewood June Larry and Cindy Salazar 1207 Beechwood July Robert and Angela Koopman 1409 Castlewood August Davie and Beverly Baldwin 1210 Frontier September Ray and Terri Brady 1212 Buttonwood

7 Garage Sale/Recreation Yard of the Month April through September Winner received Home Depot Gift Card Winner received Home Depot Gift Card April Blueberry April Blueberry May Castlewood May Castlewood June – 1207 Beechwood June – 1207 Beechwood July Castlewood July Castlewood August – 1210 Frontier August – 1210 Frontier September Buttonwood September Buttonwood October 4, 2008 annual garage sale 58 participants (versus 70 in 2007) 58 participants (versus 70 in 2007) Pool open May through September Fri/Sat/Sun busiest days Fri/Sat/Sun busiest days

8 Maintenance Seasonal flowers & mulching of Castlewood & Falling Leaf entrances, medians and falling leaf entrance Tree trimming and hurricane clean up Flag Pole reset & riggings replaced, flags replacement Applewood swing replacement Installed burm at Castlewood entrance, tree installation pending Hung Holiday decorations Electrical repair at Falling leaf – pending Sun canopy base repair, ceiling fan replacement – pending Report street light outages to TNP at (888)

9 Architectural Control Electronic review and approval process 22 requests approved 1 request disapproved (plant cover) Over half submitted by Breakdown by type of Request Pool (4), Patio (5) Pool (4), Patio (5) Driveway (3), Garage (1) Driveway (3), Garage (1) Roof (3), Siding (6), Fence (2) Roof (3), Siding (6), Fence (2) Play set (1) Play set (1)

10 Deed Restriction 43 Violation Notices sent 1.Vehicles Cars, Boats, RV’s, trailers stored in drive/grass 2.General Appearance Trash, Algae stains, Window Trim, Mowing 3.Notices on damaged fences suspended since Ike. Request have been made for clean up of downed fences. 4.Change in fencing requires ACC approval

11 Financial Review

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13 Financial Review

14 HOA Dues Change Dues increase to $ on January 1, Billed January 1, 2009 and due by April 1, WTHOA dues still among lowest in Friendswood Increased energy costs impact HOA fees Comparison of WTHOA dues to others in Friendswood West Ranch (proposed)$1500 West Ranch (proposed)$1500 Friendswood Lakes$495 Friendswood Lakes$495 Eagle Lakes$395 Eagle Lakes$395 Falcon Ridge II$395 Falcon Ridge II$395 Falcon Ridge I (no pool)$195 Falcon Ridge I (no pool)$195 Forest of Friendswood (NP)$395 and up Forest of Friendswood (NP)$395 and up

15 Election of Board Members Three Board opening Deed Restriction Chairperson ACC Chairperson Nominees (2 year term)

16 Other Business Hurricane issues Newsletter editor Volunteer sign up

17 Goals for 2009 Maintain neighborhood property appearance and home value Improve financial position of WTHOA Build reserve Build reserve Collect delinquents Collect delinquents