Arbor Ridge Community Corp.

2010 Annual Co-owner Meeting

11/23/2010

Pittsfield Twp. Building

6:35PM

Co-owners in attendance: 7

Proxies: 9

Minutes:

The meeting began at 6:35pm with introductions of Directors and Management.

A discussion of the 2011 budget ensued. Frank Lotfian described the budget cuts for next year:

1. flat rate contract for lawn, snow removal, salting, clean-up, and irrigation services with Prairie Run
2. door prizes deletion for the 2011 annual meeting because these prizes do not seem to increase attendance substantially
3. reduction by $50 in the annual dues (from $730 to $680)

The Association has met its 2010 reserve goal of >$100,000. This achievement primarily enabled the reduction in annual dues.

The Board recognized insufficient attendance for a quorum. Members moved and seconded a motion to accept the ballot for directors as shown. Therefore, Frank Lotfian, Gary Charson, and Jeff Fry were reappointed.

A member representative raised 2 questions about rules.

1. Are sheds permitted? Answer: Currently these are not permitted by the Association. The Bylaws specify the requirements for a petition to hold a vote and also that the vote must pass by 2/3.
2. Parking on the street Answer: Parking in any spot for more than 7 days is prohibited by the Bylaws. Parking along sides of the street where No Parking signs are erected, typically the sides with mailboxes and fire hydrants, is prohibited.

7:30pm – meeting adjourned

Prize winners: Ann Bogits - $100 cash