Indian Brook Condominiums

1. Indian Brook Condominiums Annual Meeting – 19 Nov 2008 www.indianbrookcondos.com

2. Agenda • Welcome / Call To Order • Introductions • New Snow Contract • Operating Budget and Reserve Overviews • Capital Projects and Planning • Financial Report & 2009 Budget • Call for Volunteers • Open for Discussion • Adjournment

3. Introductions • Indian Brook Trustees (terms expire today) • Brian Lachapelle • Flossie O’Donnell • Joe Foran, President • Kate Taylor • Kathy Waldron • Roland Janbergs • Toby Peterson • Dannin Management • Justin Lopes – Property Mgr • Heather Denis – Asst Property Mgr • Steve Dannin - President

4. Committees • Landscape Committee • (New Member!) Alison Sholock • Lynne Janbergs • Mary McKeon • Pat Baratta • Welcome Committee • Helen Baratta • Pat Baratta

5. Street Captains(our eyes and ears) • Dick Ernst (Leman) • Lily Zhan (Doyle) • Linda Cantilini (Lilac) • Mary Levey (Turnbridge) • Pat Baratta (Rosewood) • Scott Cellupica (Weybridge) • Vivian Cicuto (Birchwood)

6. Consider Volunteering • We have been able to contain costs because of all of the community involvement • Three board members retiring • We could use your help • The end of the meeting has a call for volunteers • Please consider joining us!

7. New Snow Contract

8. Background of IndianBrook Condominiums • 27 acres of common area • Three Developers • Leman, Doyle, Weybridge • 6/87 – 7/91 • Turnbridge, Birchwood • 11/90 – 2/94 • Rosewood, Lilac • 7/94 – 9/96

9. Operating Budget Overview

10. Reserve Overview

11. Capital Projects : Fences • Lilac Fence Replaced in 2007 • Turnbridge Fences Replaced in 2008 • No Expenditures Planned in Coming Years

12. Capital Projects: STP • New PLC Controller in 2007 • New Ceiling, Lights in 2007 • New HVAC in 2007 • Unbudgeted Repair for Broken Pipe and Pump in 2008 ($13,100) • No STP Work Planned for 2009 • Planning for RBC Unit in 2015

13. Capital Projects: Lights • Tall Poles in 2005 • Buying Lanterns in 2008 • Posts Purchase and Installation Phased in over Next Few Years

14. Capital Projects: Paving • Weybridge Lot Needs Attention 2009 In the Coming Years: • Doyle Berm, esp. 9-12 Doyle Solve Water, Walkway at same time • Turnbridge Cracks • General Repairs to Extend Life of Pavement in Other Streets

15. Capital Projects: Roofs • Engineer/Design due Dec 2008 • Select Roof Vendor 2009 • Develop Financial Plan to Implement Project starting 2010 • 28 Buildings, 2(?)/Year • Select by Condition • Select by Problem Frequency

16. Capital Projects: Other • New Well and Controller in 2008 • Other Two Wells Ok • No Expenditures Planned ---------------------------------------------------------------------------------------------------------------------------------------------------- • Building Carpentry Ongoing During Painting e.g. 1-4 Lilac in 2008 Unbudgeted Carpentry Costs ($25,000) ---------------------------------------------------------------------------------------------------------------------------------------------------- • Some Budget for Deck Carpentry in 2009

17. Budgets • Budgets are Balanced Changes: • Painting Moved to Operating • Single Pest Contract • New Snow Removal Company

18. Financial Report • These numbers removed because web site is too public. Detailed Financials Available From Dannin Management

19. 2009 Planned Expenditures Numbers removed – too public

20. 2009 Condo Fees & Reserve Contributions (no change)

21. 2009 Condo Fees & Supplemental Fee (monthly) • Condo Fees • Middle Unit • $ 308.00 • End Unit • $ 348.00 • Reserve Contrib • Middle Unit • $0 • End Unit • $0

22. Call for Volunteers& Open Discussion

23. Adjourn Meeting • Thank you!