1. T YMBER S KAN U PDATE : HOA, S ECTION O NE & T HREE FRANK PAUL BARBER, COURT APPOINTED RECEIVER

2. Monthly Income vs. Fixed Costs Combined average income per month: $9,500 Expenses: ◦O.U.C. Repayment: $1,000 (Sec 1) + $1,000 (Sec 3) = $2,000 ◦O.U.C. Delta: $1,500 (Sec 1) + $2,300 (Sec 3) = $3,800 ◦Trash collection: $3,600 $9,500 - $9,400 = $100 for all other expenses Doesn’t allow for: ◦Onsite management ◦Maintenance staff and supplies TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.

3. Receiver’s Progress: Seizing Units 127 delinquent units seized ◦September: 20 ◦October: 39 (59 total) ◦November: 68 (127 total) TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.

4. Receiver’s Progress: Seizing Units 127 delinquent units seized ◦September: 20 ◦October: 39 (59 total) ◦November: 68 (127 total) By Section ◦Section One: 47 ◦Section Three: 80 TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.

5. Receiver’s Progress: Sequestering Rents 127 units seized 19 with rental income 108 without rents received 15% of seized units TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.

6. Receiver’s Progress: Sequestering Rents Out of 127 seized units: ◦62 on O.U.C. Power Pass Program ◦19 with rental income ◦43 units not paying Association ◦Therefore, 43 possible evictions TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.

7. Evictions & Plan of Action Importance ◦Forces payment to Association ◦Displays Association’s (Receiver’s) power ◦Control over units Start with limited evictions Remaining tenants pay Association not owners Results in: Fewer evictions Fewer expenses Increased sustainability TYMBER SKAN OTL HOMEOWNERS' ASSOCIATION, INC.