November 2006 Association Meeting

Location:                                     Pittsfield Township Building Small Board Room

Time:                                          November 14, 2006, 6:30 pm

Key Attendees:                            Gary Charson, Erin Stratos, Ron Torrella, Jeff Fry

No. of Co-owners in Attendance:    8

Agenda Items:

1. Announcements and Introductions

2. Q&A

a. New development status

i. No news from the developer

ii. Township and developer agreement for barricades to construction traffic through Arbor Ridge Phase 1

b. Storm water system under study with respect to the impact of the new phase and the County request to establish a storm drainage taxation district

c. Return on reserve investment discussed

d. Frequency of bids for services discussed

e. Draft budget and assessment discussion - likely assessment increase

3. Board members reelected (four nominees - current Board plus Ron Torrella) *

4. Winner of $100 cash prize - Sara Perkins

5. Winner of $50 cash prize - Anand Srinivasan

6. End at 7:35 pm

*18 voters were present in person or by proxy. This constituted a quorum considering the total number of eligible co-owners was less than 55 (50 as of 10 days before the Meeting).