Murray Lane Properties Common Murray Lane Properties Common Facilities Association, Inc.Facilities Association, Inc.

Annual MeetingAnnual Meeting

February 15February 15thth, 2006, 2006

AgendaAgenda

IntroductionsIntroductionsApproval of preceding meeting's minutesApproval of preceding meeting's minutesAssociation OverviewAssociation OverviewReports of OfficersReports of OfficersReports of CommitteesReports of CommitteesUnfinished BusinessUnfinished BusinessNew BusinessNew BusinessAdjournmentAdjournment

OverviewOverviewWhat Is The Murray Lane Properties What Is The Murray Lane Properties

Common Facilities Association, Inc.?Common Facilities Association, Inc.?

A Tennessee non-profit corporation A Tennessee non-profit corporation created in 1989created in 1989

Establishes certain Establishes certain sharedshared recreational facilities (i.e. the pool recreational facilities (i.e. the pool and pavilion) for the benefit of and pavilion) for the benefit of “Constituent Associations”“Constituent Associations”Originally no more than 250 lots nor Originally no more than 250 lots nor

more than 7 homeowner associationsmore than 7 homeowner associations

Overview Overview Ownership & GovernanceOwnership & Governance

Two “Constituent Associations”: Highland View and Waterford Two “Constituent Associations”: Highland View and Waterford

Owners from each neighborhood are automatically membersOwners from each neighborhood are automatically members

Each Association is entitled to appoint 1 representative Each Association is entitled to appoint 1 representative (President or equivalent officer)(President or equivalent officer)

Voting is Association’s allocated %Voting is Association’s allocated %

2005-2006 Organizational Structure2005-2006 Organizational Structure

Murray Lane Properties Murray Lane Properties

Common Facilities Association, Inc.Common Facilities Association, Inc.

2 Associations2 Associations107 homes107 homes

Board Of DirectorsBoard Of DirectorsHighland ViewHighland View

81 homes / 76%81 homes / 76%Gil HutchinsonGil Hutchinson

PresidentPresident

Board Of DirectorsBoard Of DirectorsWaterfordWaterford

26 homes / 24%26 homes / 24%Wayne StephensWayne Stephens

PresidentPresident

CommitteeCommitteeSupportSupport

Pool CommitteePool CommitteeLane Wilson, ChairmanLane Wilson, Chairman

Grounds CommitteeGrounds CommitteePier deJong, ChairmanPier deJong, Chairman

Hospitality/SocialHospitality/SocialCarol Horan, ChairmanCarol Horan, Chairman

Orange AppealOrange AppealGrounds MaintenanceGrounds Maintenance

Sean OrangeSean Orange

Langley & TaylorLangley & TaylorPool MaintenancePool Maintenance

Taylor WhiteTaylor White

Westwood Property ManagementWestwood Property ManagementHoil Crowe / Steve PulkHoil Crowe / Steve Pulk

2005 Year In Review2005 Year In ReviewThe big story from 2005 is that it was a quiet The big story from 2005 is that it was a quiet year!year! No major repairs!No major repairs! No damage due to vandalism! No damage due to vandalism!

Planned renovations completed included:Planned renovations completed included: Re-plastered the interior surface of the poolRe-plastered the interior surface of the pool Added second set of stepAdded second set of step

Added some flowers and other landscapingAdded some flowers and other landscaping

Expanded social activities with WaterfordExpanded social activities with Waterford

Treasurer’s Report- 2005 ReservesTreasurer’s Report- 2005 Reserves

-$9,732

-$5,955

($10,000)

($8,000)

($6,000)

($4,000)

($2,000)

$0

Budget 2005 Year Ending

Reserves

Treasurer’s ReportTreasurer’s Report5 Year Change In Reserves5 Year Change In Reserves

$64,131$70,586

$57,208

$44,350$38,764

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2001 2002 2003 2004 2005

Reserves

Change from $64,131 to $38,630 ($25,501)Change from $64,131 to $38,630 ($25,501)Drawdown relates to planned capital improvements:Drawdown relates to planned capital improvements: Pool deck/pavilion floor resurfacingPool deck/pavilion floor resurfacing Re-plastering of interiorRe-plastering of interior Kiddie Pool resurfacingKiddie Pool resurfacing 22ndnd step added step added Fence repairs and upgradesFence repairs and upgrades Improved lightingImproved lighting

$6,455

-$13,379 -$12,857

-$5,587

-$15,000

-$10,000

-$5,000

$0

$5,000

$10,000

2001 2002 2003 2004 2005

Reserves

Treasurer’s ReportTreasurer’s ReportExpenditures Since 2000Expenditures Since 2000

$28,483 $27,688 $28,102

$34,347

$44,815$39,953

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

2000 2001 2002 2003 2004 2005

Expenditures

$233 $226 $230

$288

$419$373

$197$222 $213

$288$256

$214

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

2000 2001 2002 2003 2004 2005

Expense/Home Expense/Home (Without Repair)

Averages: $295/home

$232/home (without pool repairs)

Average: $31,538/home

2006 – New Business2006 – New BusinessMajor capital projects are complete, except:Major capital projects are complete, except:Roof (Should have at least another year)Roof (Should have at least another year)Projects already in progress (lights and some Projects already in progress (lights and some

landscaping)landscaping)

Opening day preparation (painting of doors Opening day preparation (painting of doors and ceiling)and ceiling)Increase volunteerism / succession planningIncrease volunteerism / succession planningIncrease social activities between Highland Increase social activities between Highland View and WaterfordView and Waterford

Have Fun!Have Fun!