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Murray Lane Properties Common Facilities Association, Inc.

Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15 th , 2006. 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 15th, 2006

  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. 2005-2006 Organizational Structure

  6. 2005 Year In Review • The big story from 2005 is that it was a quiet year! • No major repairs! • No damage due to vandalism! • Planned renovations completed included: • Re-plastered the interior surface of the pool • Added second set of step • Added some flowers and other landscaping • Expanded social activities with Waterford

  7. Treasurer’s Report- 2005 Reserves

  8. Treasurer’s Report5 Year Change In Reserves • Change from $64,131 to $38,630 ($25,501) • Drawdown relates to planned capital improvements: • Pool deck/pavilion floor resurfacing • Re-plastering of interior • Kiddie Pool resurfacing • 2nd step added • Fence repairs and upgrades • Improved lighting

  9. Treasurer’s ReportExpenditures Since 2000 Average: $31,538/home Averages: $295/home $232/home (without pool repairs)

  10. 2006 – New Business • Major capital projects are complete, except: • Roof (Should have at least another year) • Projects already in progress (lights and some landscaping) • Opening day preparation (painting of doors and ceiling) • Increase volunteerism / succession planning • Increase social activities between Highland View and Waterford And.....

  11. Have Fun!

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