1. 1 Request Received from Homeowners 12-21-2007

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5. 5 Nonprofit Corporation Types of Meetings From Missouri Revised Statutes Chapter 355 Annual, regular meetings - Section 355.231 Special meetings - Section 355.236

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10. 10 Request Received from Homeowners 12-21-2007

11. 11 Request Received from Homeowners 12-21-2007

12. 12 Agenda Items Requested –Transfer of Common ground –Election of Trustees/Directors –Resident Issues Resolution Process –Budget Vote –Mail-In Voting and Voting Procedure Request Received from Homeowners 12-21-2007

13. 13 Overview of Indentures vs. Non- Profit Corporate Law as it Applies to CLWII

14. 14 Transfer of Common Ground

15. 15 Transfer of Common Ground Excerpts From The Indentures Covering Common Ground

16. 16 Transfer of Common Ground

17. 17 Election of Trustees

18. 18 Election of Trustees/Directors Excerpt From The Indentures Covering Election of Trustees

19. 19 Election of Trustees/Directors Trustee’s Practice

20. 20 Election of Trustees/Directors

21. 21 Resident Issues Resolution Process

22. 22 Resident Issues Resolution Process

23. 23 Budget Vote Request We ask for an agenda item on the issue of what is meant by “simple majority”.

24. 24 Budget Vote

25. 25 Budget Vote

26. 26 Mail-In Voting and Voting Procedures

27. 27 Mail-In Voting and Voting Procedures Matters on Which allow Require Resident Votes 1. Election of Trustees 2. Annual Assessment 3. Special Assessment Matters Which Require Resident Written Approval 1. Amendment of Indentures

28. 28 Mail-In Voting and Voting Procedures Election of Trustees

29. 29 Mail-In Voting and Voting Procedures Annual Assessment

30. 30 Mail-In Voting and Voting Procedures Special Assessment

31. 31 Mail-In Voting and Voting Procedures Amendment of Indentures

32. 32 FINANCIAL OVERVIEW Objectives –Total Expense = Total Income Minimize or Eliminate Taxes –Manage Money More Effectively Interest earned Operating Income Operating Expenses Project Expenses –Change to Budgeting Process Identify Operating Income & Expenses Identify Project Expenses

33. 33 Financial Overview Manage Income –Total Income - Interest Earned = Operating Income Manage Expenses –Total Expense - Operating Expense = Project Expense

34. 34 ACCOUNT BALANCES

35. 35 TOTAL INCOME - EXPENSE SUMMARY

36. 36 OPERATING INCOME - EXPENSES

37. 37 2007 OPERATING EXPENSE HIGHLIGHTS

38. 38 2007 PROJECTS ACCOMPLISHED

39. 39 2008 APPROVED PROJECTS