ANNUAL MEETING April 28, 2011

1. Keller Fall Creek Estates ANNUAL MEETING April 28, 2011

2. Guest Presentation Mark Hafner, Chief of PoliceE-Mail: mhafner@cityofkeller.com

3. Agenda • Call Meeting to Order & Establish Quorum • Introductions • Discussion on Amendment – determine Pass or Fail based on votes • Nominee Presentation – Nominations from floor • Vote for Directors for Board - • Committee Reports • Association Manager Report • Open Discussion • Election Results • Door Prizes • Adjourn Meeting

4. Establish Quorum • The minimum number of voting members that must be in attendance at the Keller Fall Creek Annual Meeting to conduct business validly (either by proxy or in attendance is 63). • If Quorum is not established the informational portion of the meeting will be held. • A second meeting will then be scheduled within sixty (60) days, the quorum shall be one half (1/2) of the required quorum at the preceding meeting.

5. Keller Fall Creek Board of Directors Tim Hibbing - Board President Steve Olmos – Vice President Michael Haugsness – Treasurer/Secretary

6. Amendment Proposal • A change of the Bylaws has been submitted and is being voted on during the annual meeting • Proposed Wording: • The proposed change to the language of Section 5.01 of the Bylaws of your Association consists of changing the number of directors to not less than three (3) but no more than five (5) directors. Wording of the Bylaws does not change except for the number of directors, as follow: • The affairs of this Association shall be managed by a Board of not less than three (3) but no more thanfive (5) directors (herein, the “Board”), all of who, except for the members of the first Board, must be Owners or, where such Owner is not an individual person, an officer, director, shareholder, partner or representative of an owner. The number of directors may be changed by amendment of these Bylaws. The members of the initial Board or their successors, shall serve until the first annual meeting of the Members.

7. Amendment - continued • if the amendment passes then we will fill up to 4 board positions with staggered terms. • Up to 4 directors will be elected with 2-3 directors on a two-year term and 1 director on a one year term. • If more than 2 directors elected, the director with the lowest number of votes will have a one-year term.

8. Election/Board Nominee Presentations • Nominations will now be taken from the floor • Nominations will close • Nominees may speak briefly to homeowners

9. Keller Fall Creek Committee Reports • Financial Review • Architectural Control Committee • Planning and Improvement Committee • Social/Communications/Welcome Committee • Civic Committee • Principal Management Group

10. Financial Review Mike Haugsness - Treasurer

11. 2010- 2011 Financial Review • See Handout for Details

12. 2010- 2011 Financial Review

13. Architectural Control Committee Jonathan Hatch – Committee Chair

14. Architectural Control Committee • Jonathan Hatch • Darrell Hess • Jim Knight • Mike Haugsness

16. Architectural Control Committee • Nobody likes to be told what they can and can not do with their property. • Everybody wants their property values to increase. • We would all like to be considerate of our neighbors. • What is considered first class standards by one may not be the same opinion of the community or fellow neighbors.

18. Architectural Control Committee • Article X of the Covenants, Conveyances and Restrictions (CCR’s) • “The Committee shall use its best efforts to promote and ensure a high level of quality, harmony and conformity through out the properties” • “The committee shall function as the representative of the Owners for the purpose herein set forth as well as for all other purposes consistent with the creation and preservation of a first-class residential development”

20. Architectural Control Committee • What Needs Approval? • 10.02 Any”…building, structure, shed, fence, wall or improvement of any kind or nature shall be erected, constructed, placed, altered, changed or modified on any Lot…”“…all aspects of dwelling construction, construction of other improvements and location, quality and quantity of landscaping on the Lots, and may disapprove aspects thereof which may, in the reasonable opinion of the committee, adversely affect the living enjoyment of on or more owners or general value of properties….”

22. Architectural Control Committee • What Needs Approval? • Any change to the outside of the home • Any major changes to landscaping. • Any backyard items that are visible above the fence line. (Sports equipment, play gyms, yard art, etc..) • Any permanent changes or structures on property

24. Architectural Control Committee • Process to getting approval • Fill out ARC application and send it by mail or e-mail Principal Management Group • Form is located on the Community Web Site at WWW.Kellerfallcreek.com on the Forms and Documents Page • Please give as much detail as possible, such as dimensions, location, color swatches and any pictures if possible. • Please have your neighbors sign off on the changes.

25. Planning and Improvement Committee Jim Knight – Committee Chair

26. The PAIC continues to improve the Greenbelt Working with City Of Keller to improve the bridge Irrigation at all four corners Consideration of xeriscaping improvements Staining of the bridge after repairs have been made by the city. Tying the landscaping leading to the walking path with the landscaping at the bridge area Work closely with the mowing and landscaping contractor to ensure proper maintenance Looking to initiate Community Work Days Volunteers Needed! – Contact Jim Knight – jimkii@att.com The PAIC currently has the Chair position open The PAIC is looking for people who are willing to spend time working on the development of the common areas. Please know this is a very hands on committee and volunteers need to be able to spend a considerable amount of time. PAIC Committee Report

27. Social/Communications/Welcome Committee Patti Singleton – Committee Chair

28. The Social Committee Presentation

29. Our Committee Members: Patti Singleton Karen Hoop Krissy Hatch Richele Collins Andrea Haugsness Debbie Olmos Charlotte Leo Jill McCullough And hopefully soon we will have more volunteers………

30. Our committee is responsible for : • Block Parties • Newsletter • Welcoming New Neighbors • Garage Sales • Easter Egg Hunt • Play Groups • Meals for those in need • Community Outreach This year our committee has welcomed a number of new babies in the neighborhood by providing meals. As a committee this year we coordinated and collected donations for soldiers!

31. GREAT Things to come in 2011! Easter Egg Hunt! Saturday, April 23rd, 10am-12 noon Neighborhood Garage Sale ~ April 29th & 30th Oct 14th & 15th Fall Creek Neighborhood Party ~ Saturday, May 14th @ 5pm (Bounce House, games, hot dogs & hamburgers!) 3rd Annual Fall Chili Cook off ~ October 1st

32. Fall Creek Gives Back! As a neighborhood, we collected and shipped 7 boxes full of goodies for a troop in Afghanistan!

33. All that is missing is YOU! We have sign up sheets available and we would LOVE to have you on board! “Individual commitment to a group effort that is what makes a team work, a company work, a society work, a civilization work.” ~ Vince Lombardi

34. Civic Committee Larry Daniels – Committee Chair

35. Past Accomplishments Provided information on Keller ISD re-districting efforts Worked with city to install neighborhood watch signs Current Project Working with Keller DPS to add four way stop signs on corner of Bradley and Kelsey. Your Civic Committee is a “Committee of One” Larry Daniels is your primary point of contact Excellent working relationship with Keller Police Dept. Ready & willing to respond to any homeowner requests / issues Please contact Larry at: larry.daniels@hyatt.com Civic Committee Report

36. Useful Links • Keller Fall Creek Estates Community Web Site • www.kellerfallcreek.com • Forms and Documents for Association – Bylaws, CCR’s, ACC requests • Community Calendar– board meetings are listed on the calendar as well as social committee events • Monthly Board Meeting Minutes • Annual Budget information • The board is looking for suggestions for Web site improvements. Please send ideas to kfceboard@kellerfallcreek.com • Board Email Address –kfceboard@kellerfallcreek.com • Used to send email communications to community for those people that we have a current email address to. If you want to be added to the distribution list, please send a request to the above email address. • Area Crime Information – www.crimereports.com • Site provides information on the type of crime that occurred in the area to include location of registered sex offenders.

37. Principal Management Group Amy Edwards – Association Manager

38. Principal Management Group • Purpose of Homeowners Association • City usually requires HOA if there is common property • Protect / Increase your property values • Create cohesive community • HOA responsibilities • Own common areas – entries into the Association, landscaping, brick wall • Maintenance of common areas • Enforce the Covenants, Restrictions, and Conditions • Architectural Control

39. Principal’s Role • Accounting Department • Process Payables & Receivables • Collections • Monthly Financials • Tax Filings and paying property tax on common areas • Administrative • Homeowner & Realtor Inquiries • Process Closings/Transfers • Welcome Packages • Maintain Database • Homeowner Communications, Postcards, Newsletters, Meeting Notices

40. Association Managers Role • Property Management • Emergency Service Available 24/7 • Manage Vendors • Drive Property • Enforce Covenants, Restrictions and Conditions • Monitor Utility Usage • Homeowner Inquiries • Process ACC Requests • Acquire & Monitor Assoc. Insurance • Schedule, Facilitate & Attend Meetings • Assist Committees

41. Principal Association Online • View your account balance and history in real-time • See your community calendar • Access the governing documents for your Association • Search frequently asked questions • Read current and archived newsletters • Submit a work order request for common areas • View account information, including addresses, phone numbers and emails that are registered to Principal’s community website • Receive email blasts Website address: http://community.associawebsites.com/sites/KellerFallCreekEstates/Pages/AcwDefault.aspx

42. Contact Information Amy Edwards Association Manager, CMCA, AMS 9001 Airport Freeway, Suite 450 North Richland Hills, TX 76180 682-325-5338 aedwards@principal-mgmt.com

43. Open Discussion

44. Election Results Announcing the newlyappointed Keller Fall Creek Estates HOA Board of Director’s

45. Door Prizes • Door Prizes: • Weekend Stay (pick either Friday or Saturday) with breakfast for two at Hyatt Regency DFW • $50 Gas Gift Card • $50 Gas Gift Card • The Door Prizes will be drawn as follows: • The Hyatt Regency Weekend Stay will be drawn on 28 April only if we are able to meet the quorum requirements which is 63 proxies.  If we are unable to achieve quorum at the meeting then the Door Prize will be held over until the special meeting can be called to complete the elections.  This door prize will be drawn from the combined pool of all proxies received along with all homeowners in attendance in the meeting for which quorum is achieved (only one entry per address) • One $50 Gas Card will be drawn from the homeowners in attendance at the April 28th meeting • The second $50 Gas Card will be drawn from all the Proxies submitted prior to the April 28th meeting and all homeowners in attendance at the April 28th meeting. The winning address of the first gas card is not eligible for the second gas card drawing

46. Adjourn Meeting