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Murray Lane Properties Common Facilities Association, Inc.

Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 21 st , 2007. Agenda. Introductions Approval of preceding meeting's minutes Association Overview Reports of Officers Reports of Committees Unfinished Business New Business Adjournment.

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Murray Lane Properties Common Facilities Association, Inc.

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  1. Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 21st, 2007

  2. Agenda • Introductions • Approval of preceding meeting's minutes • Association Overview • Reports of Officers • Reports of Committees • Unfinished Business • New Business • Adjournment

  3. OverviewWhat Is The Murray Lane Properties Common Facilities Association, Inc.? • A Tennessee non-profit corporation created in 1989 • Establishes certain shared recreational facilities (i.e. the pool and pavilion) for the benefit of “Constituent Associations” • Originally no more than 250 lots nor more than 7 homeowner associations

  4. Overview Ownership & Governance • Two “Constituent Associations”: Highland View and Waterford • Owners from each neighborhood are automatically members • Each Association is entitled to appoint 1 representative (President or equivalent officer) • Voting is Association’s allocated %

  5. 2006-2007 Organizational Structure

  6. 2006 Year In Review • The big story from 2006 were all the improvements made on our facilities!! • New pool roof • New eaves and fascia board • Exterior of pool house painted • Wrought iron fencing repaired and repainted • Lights added to improve safety around pool entrance • New pool furniture • Minor vandalism for the year • Added some flowers and other landscaping • Expanded social activities with Waterford

  7. Treasurer’s Report- 2006 Reserves Favorable variance of $1,129

  8. Treasurer’s Report6 Year Change In Reserves • Change from $64,131 to $39,335 As Of December 2006 ($24,796) • Drawdown since 2002 relates to planned capital improvements: • Pool deck/pavilion floor resurfacing • Re-plastering of pool interior • Kiddie Pool resurfacing • 2nd step added • Fence repairs and upgrades • Improved lighting • New Pool roof • Replaced fascia board and full exterior paint job of pool house

  9. Treasurer’s ReportExpenditures Since 2000 Average: $31,540/Year Averages: $295/home $231/home (without pool repairs)

  10. 2007 Budget What The Covenants Say

  11. 2007 – New Business • Major capital projects are complete, except: • Pool cover (recommended by Pool company and Pool Committee Chairman; Agreed upon by Waterford and Highland View Presidents) • Opening day preparation (painting of pool house interior and ceiling) • Increase volunteerism / succession planning • Increase social activities between Highland View and Waterford And.....

  12. Have Fun!

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