1. Provide Niceville City Hall 7:00 PM 4 March 2014 RBOA INC 2014 ANNUAL MTG

2. RBOA INC Welcome -- thanks for coming Welcome -- thanks for coming Your participation in conduct of RBOA is greatly appreciated Your participation in conduct of RBOA is greatly appreciated 402 members (properties) strong 402 members (properties) strong Board of Directors, Committees Board of Directors, Committees All Volunteers All Volunteers

3. AGENDA CALL TO ORDER CALL TO ORDER QUORUM VALIDATION QUORUM VALIDATION ANNOUNCEMENT OF STANDARDS ANNOUNCEMENT OF STANDARDS ELECTION OF DIRECTORS ELECTION OF DIRECTORS TREASURER’S REPORT TREASURER’S REPORT 2014 BUDGET 2014 BUDGET COMMITTEE REPORTS COMMITTEE REPORTS 2013/2014 PROJECTS/SPECIAL INTEREST 2013/2014 PROJECTS/SPECIAL INTEREST OPEN DISCUSSION OPEN DISCUSSION

4. BOARD OF DIRECTORS PRESIDENT PAUL MARYESKI PRESIDENT PAUL MARYESKI VICE PRES AL HABERBUSCH VICE PRES AL HABERBUSCH TREAS/SEC LINDA BLYTHE TREAS/SEC LINDA BLYTHE ENVIRONMENT SCOTT WILCOXEN ENVIRONMENT SCOTT WILCOXEN ARCHITECTURE AL HABERBUSCH ARCHITECTURE AL HABERBUSCH COMPLIANCE FRANK STRASBURGER COMPLIANCE FRANK STRASBURGER MAINTENANCE FRANK STRASBURGER MAINTENANCE FRANK STRASBURGER MAINTENANCE JASON GRANDY MAINTENANCE JASON GRANDY

5. SPECIAL THANKS WEBSITE MANAGEMENT WEBSITE MANAGEMENT MICHAEL & JONI MCCAIN (MEMBERS) MICHAEL & JONI MCCAIN (MEMBERS) CITY OF NICEVILLE CITY OF NICEVILLE USE OF CITY HALL – no $$ charge USE OF CITY HALL – no $$ charge BOOK KEEPING/BILLING BOOK KEEPING/BILLING MICHELLE ATKINSON MICHELLE ATKINSON LANDSCAPING LANDSCAPING PRO EARTHSCAPES (ON CONTRACT) PRO EARTHSCAPES (ON CONTRACT)

6. SPECIAL THANKS LAWN MAINTENANCE (cutting/trimming) LAWN MAINTENANCE (cutting/trimming) S & P LAWN SERVICE (ON CONTRACT) S & P LAWN SERVICE (ON CONTRACT) TAX ACCOUNTANT TAX ACCOUNTANT STEPHEN SHELTON, CPA STEPHEN SHELTON, CPA ENTRANCE LIGHTING ENTRANCE LIGHTING DESTIN LIGHTING (SUPPLIES) DESTIN LIGHTING (SUPPLIES) PESTICIDE SERVICE PESTICIDE SERVICE GRASS ROOTS (ON CONTRACT) GRASS ROOTS (ON CONTRACT)

7. SPECIAL THANKS LEGAL ASSISTANCE LEGAL ASSISTANCE BECKER & POLIAKOFF (ON RETAINER) BECKER & POLIAKOFF (ON RETAINER) JAY ROBERTS, ESQ JOHN COTTLE, ESQ JAY ROBERTS, ESQ JOHN COTTLE, ESQ JOHN ANDRLE JOHN ANDRLE GETTING THE WORD OUT (LAKE MATTERS) GETTING THE WORD OUT (LAKE MATTERS) CORPORATE MEMORY—LAKE HENDERSON CORPORATE MEMORY—LAKE HENDERSON

8. PURPOSE AND POWER OF THE ASSOCIATION “This Association is non-profit, does not contemplate pecuniary gain or profit to the members thereof. The specific purposes for which it is formed are to provide for maintenance, preservation and architectural control of the residential properties and to promote the health, safety and welfare of the residents of said properties.” (Article III of the By Laws) “This Association is non-profit, does not contemplate pecuniary gain or profit to the members thereof. The specific purposes for which it is formed are to provide for maintenance, preservation and architectural control of the residential properties and to promote the health, safety and welfare of the residents of said properties.” (Article III of the By Laws)

9. ROCKY BAYOU OWNERS ASSOCIATION QUORUM VALIDATION (26% of 402 = 105) QUORUM VALIDATION (26% of 402 = 105) ANNOUNCEMENT OF STANDARDS ANNOUNCEMENT OF STANDARDS ELECTION OF DIRECTORS ELECTION OF DIRECTORS 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST VOTE 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST VOTE NOMINATIONS: ? NOMINATIONS: ? RESULTS -- RESULTS --

10. CY 2013 TREASURER’S REPORT $44K Annual Program $44K Annual Program 402 mbrs x $110 402 mbrs x $110 Money Mkt: $32,502 Money Mkt: $32,502 Checking: $2,128 Checking: $2,128 Dam Fund: $5,437 Dam Fund: $5,437 _________ _________ $40,067* $40,067* *as of 31 Dec 2013 *as of 31 Dec 2012 ($15,729) *as of 31 Dec 2011 ($28,000)

11. 2014 Annual Budget Income (402 x $120) $48,240 Income (402 x $120) $48,240 Expenses (major items) Expenses (major items) Lawn Service 8,000 Lawn Service 8,000 Insurance 4,500 Insurance 4,500 Landscaping 6,500 Landscaping 6,500 Legal 5,000 Legal 5,000 Projects 7,800 Projects 7,800 Utilities 6,000 Utilities 6,000 $37,800 $37,800

13. COMMITTEE REPORTS ENVIRONMENTAL ENVIRONMENTAL COVENANT COMPLIANCE COVENANT COMPLIANCE ARCHITECTURAL CONTROL ARCHITECTURAL CONTROL

14. environmental

15. ENVIRONMENTAL THE LAKES : Amick, Phelps, Werk, Kenny, Henderson THE LAKES : Amick, Phelps, Werk, Kenny, Henderson CLOSE CONTACT WITH THE “LAKE DOCTOR” FOR VEGETATION CONTROL ON ALL LAKES LAKE HENDERSON & LAKE WERK MORE PROBLEMATICAL LAKE WERK: SPATTERDOCK LILIES MONITOR SITUATION – early treatment is critical CHEMICAL TREATMENT IS COSTLY VEGETATION CAN BE CONTROLLED - NOT ELIMINATED PLEASE LET THE BOARD KNOW IF YOU SEE A PROBLEM DEVELOPING -- thanks PLEASE LET THE BOARD KNOW IF YOU SEE A PROBLEM DEVELOPING -- thanks

17. ALLIGATORS FLA FISH & WILDLIFE WILL RESPOND FLA FISH & WILDLIFE WILL RESPOND IF GATOR > THAN 4 FEET IN LENGTH IF GATOR > THAN 4 FEET IN LENGTH GATORS GROW ONE FOOT EACH YEAR GATORS GROW ONE FOOT EACH YEAR FALL 2011 SMALL ALLIGATOR SPOTTED FALL 2011 SMALL ALLIGATOR SPOTTED TRAPPER UNSUCCESSFUL TRAPPER UNSUCCESSFUL LATE 2012 SMALL ALLIGATOR SPOTTED LATE 2012 SMALL ALLIGATOR SPOTTED NO ACTION TAKEN DUE TO SIZE NO ACTION TAKEN DUE TO SIZE BE CAREFUL W/CHILDREN/SMALL PETS BE CAREFUL W/CHILDREN/SMALL PETS GIVE US A CALL IF YOU SEE A GATOR GIVE US A CALL IF YOU SEE A GATOR TELL US IT IS > 4 FEET IN LENGTH! TELL US IT IS > 4 FEET IN LENGTH! NO ACTION TAKEN DUE TO SIZE NO ACTION TAKEN DUE TO SIZE BE CAREFUL WITH CHILDREN & SMALL PETS BE CAREFUL WITH CHILDREN & SMALL PETS TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!! TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!!

18. beavers

19. BEAVERS BEAVERS AT WORK IN LAKE WERK! BEAVERS AT WORK IN LAKE WERK! SEVERAL TREES TAKEN DOWN IN 2013 SEVERAL TREES TAKEN DOWN IN 2013 TRAPPER CALLED-PERMIT OBTAINED TRAPPER CALLED-PERMIT OBTAINED SEVERAL BEAVERS REMOVED FROM LAKE IN 2013 SEVERAL BEAVERS REMOVED FROM LAKE IN 2013 IN 2014 TOO!! IN 2014 TOO!! EMERALD COAST WILDLIFE REFUGE EMERALD COAST WILDLIFE REFUGE DOES NOT RELOCATE BEAVERS DOES NOT RELOCATE BEAVERS RECOMMENDED TRAP AND DESTROY DAM RECOMMENDED TRAP AND DESTROY DAM (PROTECT TREES WITH FENCING/WIRE MESH)

21. 2013 COVENANT COMPLIANCE 11 Letters sent to property owners 11 Letters sent to property owners 4 lawns/yards 4 lawns/yards 3 personal watercrafts 3 personal watercrafts 2 trailers 2 trailers No Fining Boards No Fining Boards RBOA Web Site: Compliance process RBOA Web Site: Compliance process Thank you for your cooperation

22. ARCHITECTURAL CONTROL

23. Who is on the Committee? Who is on the Committee? Your neighbors!! Al Haberbusch - Chairman Al Haberbusch - Chairman Bill Osthoff Paul Grimmig

24. ARCHITECTURAL CONTROL ACC Application – for any new house or addition to the property after a house is in place ACC Application – for any new house or addition to the property after a house is in place Download application at rboa.net (first column) Download application at rboa.net (first column) Info required: what is it; what will it look like; what’s it made of; where will it be sited on the lot (include drawings/pictures, specs, site plan) Info required: what is it; what will it look like; what’s it made of; where will it be sited on the lot (include drawings/pictures, specs, site plan) Owner (not realtor or contractor) agrees/certifies Owner (not realtor or contractor) agrees/certifies Restrictive covenants are on the web site (click Documents) Find your address on member list – shows Unit Number Restrictive covenants are on the web site (click Documents) Find your address on member list – shows Unit Number ACC will retain drawings for file – submit in 11” x 14” format ACC will retain drawings for file – submit in 11” x 14” format

25. ARCHITECTURAL CONTROL Variance to Restrictive Covenants Variance to Restrictive Covenants Provide rationale – why can’t your project comply? Provide rationale – why can’t your project comply? Provide written concurrence from owners adjoining your property, or owners that might be affected (e.g. across the street) Provide written concurrence from owners adjoining your property, or owners that might be affected (e.g. across the street) In granting set back waivers RBOA assumes no responsibility for encroachment into Utilities/Drainage setbacks from County or other government agency. This is always noted in ACC approval “Notes” In granting set back waivers RBOA assumes no responsibility for encroachment into Utilities/Drainage setbacks from County or other government agency. This is always noted in ACC approval “Notes”

26. Package Types 2013 5 Fences 5 Fences 1 Enclose Existing Porch 1 Enclose Existing Porch 2 Siding 2 Siding 1 New House on Bond Circle 1 New House on Bond Circle

27. PROJECTS SEVERAL IMPROVEMENTS PLANNED SEVERAL IMPROVEMENTS PLANNED MARION & SHARON ENTRANCES MARION & SHARON ENTRANCES TOP PRIORITY IN 2014 TOP PRIORITY IN 2014 ONLY TWO UNIMPROVED RBOA ENTRANCES ONLY TWO UNIMPROVED RBOA ENTRANCES REVIEWING SIGN ALTERNATIVES NOW REVIEWING SIGN ALTERNATIVES NOW MASONRY OR WOOD POST MASONRY OR WOOD POST HENDERSON LAKE SIGN HENDERSON LAKE SIGN HAD ONE IN THE PAST HAD ONE IN THE PAST WOOD POST SIGN IN CENTER OF THE DAM WOOD POST SIGN IN CENTER OF THE DAM GETTING ESTIMATES NOW GETTING ESTIMATES NOW

34. COVENANT MATTERS COVENANTS EXTENDED IN 2013 COVENANTS EXTENDED IN 2013 UNIT 1: extended for 10 yr period UNIT 1: extended for 10 yr period Until Dec 2023 40/77 approved Until Dec 2023 40/77 approved UNIT 2: extended for 10 yr period UNIT 2: extended for 10 yr period Until Sep 2013 47/88 approved Until Sep 2013 47/88 approved UNIT 4: extend automatically in Dec 2014 UNIT 4: extend automatically in Dec 2014 Unless 2/3 of owners are against Unless 2/3 of owners are against By written agreement By written agreement

35. COVENANT MATTERS UNIT 4 Covenants Extended per MRTA UNIT 4 Covenants Extended per MRTA Marketable Records Title Act, FL Statute Marketable Records Title Act, FL Statute Preserves marketable title beyond 30 years Preserves marketable title beyond 30 years BOD approved at Special Meeting (Feb 2014) BOD approved at Special Meeting (Feb 2014) UNIT 4 & UNIT 5 UNIT 4 & UNIT 5 Architectural Control Committee expired Architectural Control Committee expired Architectural Review Committee installed Architectural Review Committee installed BOD approved at Special Meeting (Feb 2014) BOD approved at Special Meeting (Feb 2014)

36. RBCC COURSE IRRIGATION RBCC OBTAINED NWFWMD PERMIT TO DRAW WATER FROM LAKE KINNEY RBCC OBTAINED NWFWMD PERMIT TO DRAW WATER FROM LAKE KINNEY NO LONGER GETTING RECLAIMED WATER FROM CITY OF NICEVILLE (25+ YR SERVICE) NO LONGER GETTING RECLAIMED WATER FROM CITY OF NICEVILLE (25+ YR SERVICE) LEGAL REVIEW BY ASSOC ATTORNEY LEGAL REVIEW BY ASSOC ATTORNEY RBCC HAS RIGHTS TO THE USE OF LAKE WATER BASED ON LEASE FROM RUCKEL PROPERTIES RBCC HAS RIGHTS TO THE USE OF LAKE WATER BASED ON LEASE FROM RUCKEL PROPERTIES LEASE PRECEEDS RUCKEL QUIT CLAIM DEEDS TO RBOA LEASE PRECEEDS RUCKEL QUIT CLAIM DEEDS TO RBOA WILL DRAW AS NEEDED THROUGHOUT YEAR WILL DRAW AS NEEDED THROUGHOUT YEAR BOD WILL MONITOR LAKE LEVELS CLOSELY BOD WILL MONITOR LAKE LEVELS CLOSELY CLOSE CONTACT WITH RBCC AND NWFWMD CLOSE CONTACT WITH RBCC AND NWFWMD

37. Lakes Memorandum of Agreement 1994 MOA between RBOA & RBCC 1994 MOA between RBOA & RBCC Outlines organizational responsibilities Outlines organizational responsibilities Lake infrastructure: dams and flow of water from Lake Amick to Lake Henderson Lake infrastructure: dams and flow of water from Lake Amick to Lake Henderson Lake Amick/Phelps Dam repair: $31,000+ in 2010/2011 Lake Amick/Phelps Dam repair: $31,000+ in 2010/2011 Time to review in best interest of both parties Time to review in best interest of both parties Water quality/treatment/control of wildlife also Water quality/treatment/control of wildlife also BOD Special Interest Item BOD Special Interest Item Discuss at upcoming monthly meetings Discuss at upcoming monthly meetings

39. SPECIAL INTEREST ITEMS NICEVILLE BY PASS WORK COMPLETE NICEVILLE BY PASS WORK COMPLETE ONE CONCERN AT ENTRANCE OFF FORREST ONE CONCERN AT ENTRANCE OFF FORREST PARKING OFF DRIVEWAY-PLS DON’T!! PARKING OFF DRIVEWAY-PLS DON’T!! CRIME IN OUR AREAS CRIME IN OUR AREAS ITS AROUND - TAKE PREVENTIVE STEPS!!! ITS AROUND - TAKE PREVENTIVE STEPS!!! 2013 BREAK IN – PHYSICAL CONFRONTATION 2013 BREAK IN – PHYSICAL CONFRONTATION PUBLIC SEWERAGE - no immediate plans PUBLIC SEWERAGE - no immediate plans SEVERAL AREAS IN ASSOC ARE ON SEPTIC SEVERAL AREAS IN ASSOC ARE ON SEPTIC

41. SPECIAL INTEREST ITEMS NICEVILLE BY PASS WORK COMPLETE NICEVILLE BY PASS WORK COMPLETE ONE CONCERN AT ENTRANCE OFF FORREST ONE CONCERN AT ENTRANCE OFF FORREST PARKING OFF DRIVEWAY-PLS DON’T!! PARKING OFF DRIVEWAY-PLS DON’T!! CRIME IN OUR AREAS CRIME IN OUR AREAS IT’S AROUND - TAKE PREVENTIVE STEPS!!! IT’S AROUND - TAKE PREVENTIVE STEPS!!! 2013 BREAK IN – PHYSICAL CONFRONTATION 2013 BREAK IN – PHYSICAL CONFRONTATION PUBLIC SEWERAGE - no immediate plans PUBLIC SEWERAGE - no immediate plans SEVERAL AREAS IN ASSOC ARE ON SEPTIC SEVERAL AREAS IN ASSOC ARE ON SEPTIC

42. Real Estate Market Market is rising but still a “buyers” market Market is rising but still a “buyers” market Clean and neat homes, right priced are selling Clean and neat homes, right priced are selling Updated helps: kitchen/baths/flooring/roof Updated helps: kitchen/baths/flooring/roof New homes selling quickly at or very close to list price, $150 per sq foot and higher New homes selling quickly at or very close to list price, $150 per sq foot and higher “Swift Creek”, “The Stables” & spot builds “Swift Creek”, “The Stables” & spot builds Builder concessions & near record low interest Builder concessions & near record low interest Lesser insurance costs and lower utility bills Lesser insurance costs and lower utility bills Number of distressed homes declining Number of distressed homes declining Several in the Association Several in the Association Maintenance/upkeep is a challenge Maintenance/upkeep is a challenge

43. Real Estate Market RUCKEL PROPERTIES-NEW HOUSING DEV RUCKEL PROPERTIES-NEW HOUSING DEV BEHIND THE AIRPORT ON FOREST RD BEHIND THE AIRPORT ON FOREST RD INSIDE THE NICEVILLE BY PASS INSIDE THE NICEVILLE BY PASS PROPERTY ANNEXED BY CITY OF NICEVILLE PROPERTY ANNEXED BY CITY OF NICEVILLE MIXED USE DEVELOPMENT MIXED USE DEVELOPMENT 1100 ACRES, 4400 UNITS 1100 ACRES, 4400 UNITS SINGLE FAMILY, TOWNHOMES, CONDOS, COMMERCIAL SINGLE FAMILY, TOWNHOMES, CONDOS, COMMERCIAL LEADING INDICATORS LEADING INDICATORS SIDEWALK ON ROCKY BAYOU DRIVE SIDEWALK ON ROCKY BAYOU DRIVE WATER TOWER ON MARYSA ENLARGED WATER TOWER ON MARYSA ENLARGED MAIN SEWER LINE INSTALLED OFF FOREST MAIN SEWER LINE INSTALLED OFF FOREST

45. THANK YOU FOR COMING HAVE A GOOD YEAR!!