Letter to the Membership of the Curtis Pond HOA

To All Members:

On Monday April 30th our Annual Meeting was held at the Charles Mack Citizens Center

At that meeting our budget for 2006 was reviewed.

Our budget for 2007 was presented to the Members and was put to a vote for ratification. During the ratification process our Annual Assessment was increased by 5%, from $304.50 to $319.70. The increase of $15.20 will be added to the August Bi-Annual Assessment invoice.

Of the 145 Members present, either in person or by proxy, 41 voted for the increase, and 104 voted against. In order to defeat the proposed dues increase a vote of 137 Members would have been required.

The residents listed below stood for Election of Officers to the HOA Board and received the following votes:

David Coble = 15

Bob Bankhead = 140

Peter Russo = 131

Rich Hagens = 127

Marcia Place = 23

The three Members elected to the HOA Board were Bob Bankhead, Pete Russo, and Rich Hagens. Bios of each Board Member will be posted in the near future on the official Curtis Pond HOA website. The complete minutes of the meeting will be published as quickly as possible.

The newly elected Curtis Pond Board of Directors met at Bob Bankhead?s home on Tuesday May 1st at 7:00pm.

By a vote of the Directors the following offices were assigned:

Bob Bankhead – President

Pete – Vice President

Rich – Director of Committee Development

The Board decided after consultation with counsel to appoint two non-voting board members to the positions of Secretary and Treasurer.

The Board has appointed the following members of the community to those positions:Richard Anderson – Treasurer
Brad Clyne – Secretary

It was decided that monthly board meetings will generally be held on the 1st Thursday of every month at 7:00pm at Abundant Life Church Fellowship Hall, 119 Foursquare Road, Mooresville at no cost to the Association. Monthly meetings will be posted on the official Curtis Pond HOA website.

The Board discussed the following options for pool usage by residents of Phases 2, 3, and 4:

1. Entering into negotiations with the Developer and Builder to arrange for access with the Developer and Builder paying for the costs associated with access.

2. Allowing the residents of Phases 2, 3, and 4 access based on dues paid to date.

3. Allowing the residents of Phases 2, 3, and 4 access based on a fee as yet to be determined.

4. Annexing a block of Phases 2, 3, and 4, by request, after a vote of the required percentage of the Members of the Association. This would require an amendment to our declaration.

There may be other options and the Board invites all suggestions. In the near future a Special Meeting of the Membership will be called to present all solutions deemed viable by the board to a vote of the Membership. Granting access to our amenities must be a decision made by the Membership.

Thank You,

The Curtis Pond HOA Board of Directors