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

Annual MeetingAnnual Meeting

February 21February 21stst, 2007, 2007

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 %

2006-2007 Organizational Structure2006-2007 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%Robert CollinsRobert Collins

PresidentPresident

Board Of DirectorsBoard Of DirectorsWaterfordWaterford

26 homes / 24%26 homes / 24%Bob SchuchardBob Schuchard

PresidentPresident

CommitteeCommitteeSupportSupport

Pool CommitteePool CommitteeLane Wilson, ChairmanLane Wilson, Chairman

Grounds CommitteeGrounds CommitteeMario Crucini, ChairmanMario Crucini, Chairman

Pier de Jong Co ChairPier de Jong Co Chair

Hospitality/SocialHospitality/SocialCarol Horan, ChairmanCarol Horan, Chairman

Rohling Lawn CareRohling Lawn CareGround MaintenanceGround Maintenance

Daniel RohlingDaniel Rohling

Langley & TaylorLangley & TaylorPool MaintenancePool Maintenance

Taylor WhiteTaylor White

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

2006 Year In Review2006 Year In ReviewThe big story from 2006 were all the improvements The big story from 2006 were all the improvements made on our facilities!!made on our facilities!! New pool roofNew pool roof New eaves and fascia boardNew eaves and fascia board Exterior of pool house paintedExterior of pool house painted Wrought iron fencing repaired and repaintedWrought iron fencing repaired and repainted Lights added to improve safety around pool entranceLights added to improve safety around pool entrance New pool furniture New pool furniture

Minor vandalism for the yearMinor vandalism for the year

Added some flowers and other landscapingAdded some flowers and other landscaping

Expanded social activities with WaterfordExpanded social activities with Waterford

Treasurer’s Report- 2006 ReservesTreasurer’s Report- 2006 Reserves

-$424

$704

($600)

($400)

($200)

$0

$200

$400

$600

$800

Budget 2006 Year Ending

ReservesFavorable variance of $1,129

Treasurer’s ReportTreasurer’s Report6 Year Change In Reserves6 Year Change In Reserves

$64,131$70,586

$57,208

$44,350$38,764

$39,335

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

2001 2002 2003 2004 2005 2006

Reserves

Change from $64,131 to $39,335 As Of December 2006 ($24,796)Change from $64,131 to $39,335 As Of December 2006 ($24,796)Drawdown since 2002 relates to planned capital improvements:Drawdown since 2002 relates to planned capital improvements: Pool deck/pavilion floor resurfacingPool deck/pavilion floor resurfacing Re-plastering of pool interiorRe-plastering of pool interior Kiddie Pool resurfacingKiddie Pool resurfacing 22ndnd step added step added Fence repairs and upgradesFence repairs and upgrades Improved lightingImproved lighting New Pool roofNew Pool roof Replaced fascia board and full exterior paint job of pool houseReplaced fascia board and full exterior paint job of pool house

$6,455

-$13,379 -$12,857

-$5,587

$704

-$15,000

-$10,000

-$5,000

$0

$5,000

$10,000

2001 2002 2003 2004 2005 2006

Reserves

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

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

$34,347

$44,815$39,953

$31,556

$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 2006

Expenditures

$233 $226 $230

$288

$419$373

$295

$197$222 $213

$288$256

$214 227

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

2000 2001 2002 2003 2004 2005 2006

Expense/Home Expense/Home (Without Repair)

Averages: $295/home

$231/home (without pool repairs)

Average: $31,540/Year

2007 Budget2007 BudgetWhat The Covenants Say

2007 – New Business2007 – New Business

Major capital projects are complete, except:Major capital projects are complete, except:Pool cover (recommended by Pool company and Pool cover (recommended by Pool company and

Pool Committee Chairman; Agreed upon by Pool Committee Chairman; Agreed upon by Waterford and Highland View Presidents)Waterford and Highland View Presidents)

Opening day preparation (painting of pool Opening day preparation (painting of pool house interior and ceiling)house interior and ceiling)

Increase volunteerism / succession planningIncrease volunteerism / succession planning

Increase social activities between Highland Increase social activities between Highland View and WaterfordView and Waterford

Have Fun!Have Fun!