Final Booklet V1

STEP 2

I favor the SUBSTANTIAL RENOVATION Plan which has an estimated cost of $39,988,024. I approve the Board moving forward with this Plan as long as the total cost of the project does not exceed 102% of this estimate. I also approve the Board borrowing sufficient amounts to finance this project, including interest and fees. (It is anticipated that such loan would be repaid by a combination of capital raising events, such as home sales, plus a special assessment currently estimated at $249 per month, per Parcel, for 180 months). I favor the NEW CLUBHOUSE Plan which has an estimated cost of $56,292,219. I approve the Board moving forward with this Plan as long as the total cost of the project does not exceed 102% of this estimate. I also approve the Board borrowing sufficient amounts to finance this project, including interest and fees. (It is anticipated that such loan would be repaid by a combination of capital raising events, such as home sales, plus a special assessment currently estimated at $424 per month, per Parcel, for 180 months).

A.

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B.

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