January 30st, 2011 – Medina County Library

President, Randy Hatfield Vice President, Dan Gesacion Secretary, Scott Brubaker Treasurer, Cheryl Filippou Member at Large, Tom White

HOA Declaration The purposes for the Association are to provide for

the administrative governance, maintenance and upkeep of the Property and to promote the health, safety, and welfare of the Owners and Occupants of the Property.

In Simple Terms: We manage the maintenance of the common grounds Monitor city/county/township actions that may affect

neighborhood Handle any complaints from fellow neighbors We do not monitor each house, we facilitate

concerns!

www.laurelcrossing.com Announcements and Documentation

By-Laws Building Documents Upcoming Events

2010 Recap Budget Review

2010 Actual 2011 Budget

Sub Committees Open Floor/ Nominations/Voting

New Landscaping Company Better results than 2009 Reviewing estimate to continue contract

through 2011 Rebate Checks

New rebate program

Board will determine possibility of rebate Review of financials

All homeowners that pay by April 1st will be eligible.

No homeowners that are assessed late fees will be eligible.

Homeowners that communicate with board may have the ability to extend deadline.

2010Actual Budget Difference

Beginning Balance 18,924.87$ 18,924.87$ -$

Income Annual Assmt Homes PdAnnual Assmts 150 73 10,950.00 12,300.00 (1,350.00)$ Misc - Late Fees 420.00 420.00$

Total Cash In 11,370.00 12,300.00 (930.00)$

ExpensesBank fees 33.68 48.00 (14.32)$ Insurance 775.00 800.00 (25.00)$ Internet Subscription 60.00 (60.00)$ Lawn service Beautification 292.41 850.00 (557.59)$ Mowing & Weed Control 4,851.08 5,650.00 (798.92)$ Legal 1,000.00 (1,000.00)$ Meetings 50.00 100.00 (50.00)$ Office Supplies 91.36 100.00 (8.64)$ P.O. Box 60.00 58.00 2.00$ Postage 66.79 100.00 (33.21)$ Special projects Spring Clean-up Day 8.51 100.00 (91.49)$ Fall Clean-up Day 100.00 (100.00)$ Rebate 3,345.00 Taxes 662.88 700.00 (37.12)$

Total Cash Out 10,236.71 9,666.00 570.71$

Ending Balance 20,058.16$ 21,558.87$ (1,500.71)$

2011Budget

Beginning Balance 20,058.16$

IncomeAnnual Assmts 12,300.00 Misc - Late Fees

Total Cash In 12,300.00

ExpensesBank fees 24.00 Insurance 800.00 Internet Subscription 60.00 Lawn service Beautification 300.00 Mowing & Weed Control6,000.00 Legal 500.00 Meetings 50.00 Office Supplies 100.00 P.O. Box 60.00 Postage 75.00 Special projects Spring Clean-up Day 40.00 Fall Clean-up Day 40.00 Rebate 3,690.00 Taxes 611.50

Total Cash Out 12,350.50

Ending Balance 20,007.66$

4 to 5 people to organize event Meet with Board to go over event If interested, please see us after the

meeting

Annual Assessment of $150.00 Due By 4/1/2011

If you have concerns about paying by 4/1/2011, please contact us.

3 positions up for re-election Nominations Vote

Thank You!

All Documentation is posted atwww.laurelcrossing.com