1. Annual General Meeting Home Owners Association 2014

2. Today’s Agenda 1. Meet the Directors 2. President’s Update 3. Highlights for 2014 4. Neighborhood Updates 1. Home Painting Update 2. Pond Fountain and Maintenance Update 3. New and Existing Committees 5. 2014 – Financial Report 6. Proposed 2015 Budget 7. Question and Answers

3. Meet the Directors  Brad Halbach  Anna Martca  Alex Kim  Chadd Merrigan  Ravi Acharya

4. President’s Update  Another great year of home sales and home values continuing to rise  Several landscaping initiatives underway in fall 2014 and spring 2015 Irrigation issues Community Tree Plantation Pond Fountain Operation and vegetation clean-up  Painting Phase 1 and 2 homes should have been painted by end of 2014 All Phase 3 homes required to be painted by the end of 2015

5. Highlights and Updates for 2014  4 th of July – Great turn out and great weather Special thanks to Timberlake Church for donating the inflatables/barbeques Special thanks to all the volunteers

6. House painting  Phase I and II needed to paint all exterior by the end of this year. Most done and look good. Still have about 30 in Phase I and 15 in Phase II to finish or correct. Non-compliant houses will be issued fines of $500 every 6 months starting 5/1/2014 People still misunderstand the requirement despite several clarifications and http://www.woodbridgeowners.com/lists/house- painting.htmlhttp://www.woodbridgeowners.com/lists/house- painting.html We need even more color scheme information and pictures from existing Conner black binders.  Phase III will have the same requirement in 2015.

7. Pond Fountain and Vegetation  The pond fountain and the areas around it are owned by the city Purpose of pond fountain is for water oxygenation only City is not concerned with mosquito or other health hazards City is unwilling to maintain it on a regular basis above and beyond required for above  HOA has met with the city and they are co-operating Next steps are to determine what the city responsibilities are and what the HOA will own

8. Committees  Architectural Control Committee Mandated in by-laws. Recommends rules and enforcement strategies for home and property exterior standards. Chair: Chadd Merrigan. Members: currently using board resources. Could use 2 interested non-directors. Write to directors@woodbridgeowners.com if interested. directors@woodbridgeowners.com

9. Committees  Neighborhood Planning Committee Established in 2012 to handle issues of town planning that affect us, such as terms of the FedEx construction permit. Members:  Howard Hillinger  Mohit Datta  Manish Garg  Anna Martca  Mark Karch

10. Committees  Environmental Nuisance Committee Established in October 2014 for the purpose of recommending board action on, and for helping take actions on, the following issues:  Vehicle and factory noise  Industrial smells and pollutants  Dust from Cadman  Landscaper hours No members yet. Could use 3-5 interested non-directors. Write to directors@woodbridgeowners.com if interested.directors@woodbridgeowners.com

11. Your Ideas… We would like to take hear your ideas on what can be done in the community.

12. 2014 Income  Starting 2014 balance: $100,576.62  As of 11/8/14, balance: $136,847.43  With total income of $150,545.75, total expense is for the year so far is $114,274.94  Properties with past dues: 14 out of 346 (4%), $11,430 total  Interest rate is not high, especially for business accounts. Boa is about 0.07%. High internet business savings account interest rate is about 0.4% (potential $600 interest), but there’s no free business checking account with local branches without minimum balance (that I know of). Business checking fees can be $200- $400 a year without minimum balance Annual Dues$147,007.04 Escrow Fees$2,800.00 Boa Interest$109.90 NW Express Trucking LLC$628.81 Total Income$150,545.75

13. 2014 Expenses  95% of the expenses ($108,316.90) is landscaping related (first 5 items on the table)  Expenses reflect up to Nov 8 th, 2014  All Woodbridge HOA directors are volunteers (non-paid) – in case anyone was wondering  In year 2015, no BofA fee for more than 200 transactions (annual check deposit); the account is upgraded Landscaping (mowing, monthly maintenance)($53,107.50) Water (sprinkler)($44,270.30) Landscaping (repair)($8,869.72) Electricity (sprinkler)($1,462.73) Water backflow testing & repair($606.65) 4th of July community BBQ($1,638.07) HOA Insurance($2,925.00) Annual due collection($600.00) HOA water damage fence repair($346.02) Bee hive removal($119.00) Property tax($184.34) Security camera($73.20) Quicken software($49.26) Boa account fee (200+ transactions in Feb)($12.15) Annual HOA licensing($10.00) USPS($1.00) Total Expenses($114,274.94)

14. Annual Due Proposal for 2015  Single Family Dues $500  Town Home Dues $300 (60% of Single Family Dues)

15. 2015 Budget Projected income: Annual Dues $ 159,800.00 Escrow Fees $ 2,000.00 Boa Interest $ 100.00 Total projected income $ 161,900.00 Projected expenses: Landscaping (mowing, monthly maintenance) $ (54,000.00) Water (sprinkler) $ (45,000.00) Landscaping (repair) $ (10,000.00) Electricity (sprinkler) $ (1,500.00) Water backflow testing & repair $ (700.00) Landscaping projects $ (40,000.00) 4th of July community BBQ $ (2,000.00) Painting follow-ups $ (5,000.00) HOA Insurance $ (3,000.00) Annual due collection $ (600.00) Misc $ (500.00) Property tax $ (200.00) Annual HOA licensing $ (10.00) Total projected expenses $ (162,510.00)

16. Open Forum  Question and Answers