Long Lake / Spring Meadows Homeowners Association

1. Long Lake / Spring Meadows Homeowners Association Annual Meeting October 7, 2009 7 PM Wass Elementary School Media Room

2. WELCOME

3. Agenda • Introductions – Lisa Nalette • Financial review– Roberta Masters • Association accomplishments – Lisa Nalette • Document revisions • Association By-laws • Building and Use Restrictions • Welcome Wagon – new neighbors • Water main replacement report (City of Troy) – Roger Labataille • Projected 2009 - 2010 Budget • Board member volunteers • Mail box update • Dues raffle • New business • Questions and comments • Adjournment

4. INTRODUCTIONS

5. Introductions PRESIDENT – Lisa Nalette VICE PRESIDENT – Sandy Paci TREASURER – Roberta Masters SECRETARY – Mary Tsacoumangos BOARD MEMBERS: Tom Field, Alex Ignasiak, Richard Kruszewski, Matt Kukla, Roger Labataille, Greg Larson, and Faris Qussar

6. FINANCIAL REVIEW Financial Status Balance Sheet Handout Questions & Answers

7. ACCOMPLISHMENTS

8. Association Accomplishments 2008 - 2009 • Reduced cost of landscaping services by competitively bidding to three different companies • Resourced pond service after increased complaints from homeowners • Maintained current dues in a declining economy • Documents revised, made available on web site, and presented to the Association • Kept Board as all-volunteer to minimize management fees to the Association • Received proof from Oakland County that the pond is owned by the Association • Association activities

9. DOCUMENT REVIEW

10. Document Review • By-laws were revised per last year’s annual meeting • Building and Use Restrictions were also revised per last year’s annual meeting • Intent is to make the Association current with City and State regulations and to insure the protection of the Association as a whole • Board reviewed documents extensively to insure that homeowners’ wishes would be incorporated into the revisions

11. Treasurer’s Report

12. Treasurer’s Report (Continued)

13. Frequently Asked Questions • Why were the documents revised? • Who revised them? • What did we change? • What are the next steps? • When is the effective date for the revisions? • Why should the Association adopt the revisions? • What happens if the Association doesn’t adopt the revisions?

14. Examples and Benefits of Revising theBy-laws / Building and Use Restrictions • Similar to estate planning – necessary to update every so often • Clarifies the rules and regulations that we have all agreed to live by in the Association • Consolidated three different sets of documents into one and made them easier to understand and follow • Added protection for three empty lots (near farmhouse on Long Lake Road) so that future homes built will follow current architectural character of our Association • Minimizes Association dues by including Sections 3 & 4 of Long Lake Meadows as dues collections cannot be currently enforced

15. Questions and Comments for the Attorney?

16. Dickinson & Wright, PLLC Mark Makower, Attorney 38525 Woodward Avenue, Suite2000 Bloomfield Hills, MI 48304

17. Agenda (Continuation) • Welcome Wagon – new neighbors • Water main replacement report (City of Troy) – Roger Labataille • Projected 2009 - 2010 Budget • Board member volunteers • Mail box update • Dues raffle • New business • Questions and comments • Adjournment

18. WELCOME WAGON

19. WATER MAIN REPORT

20. PROJECTED 2009 – 2010 BUDGET

21. Seeking Volunteers Now it is your chance to be involved . . . To have fun . . . Meet new people . . . With a very small time commitment . . . Do we have any volunteers to be members on the Homeowners Association Board?

22. MAIL BOX UPDATE

23. Drawing for $75 dues reimbursement (homeowners in Sections 3 and 4 are exempt) and Bonus drawing for $50 gift card to either Home Depot or Lowe’s – winner’s choice! (must be present to win)

24. NEW BUSINESS

25. Long Lake / Spring Meadows HomeownersAssociation Questions andcomments can be sent to the Board via the web site: www.llsmha.org THANK YOU FOR COMING!