Annual General Meeting

Home Owners AssociationTuesday , October 30th, 2012

Today’s Agenda1. Meet the Directors

2. President’s Update

3. Highlights for 2012

4. Fedex and Neighborhood Updates

5. 2012 – Financial Report

6. Proposed 2013 Budget

7. Nominations and Elections of Board Positions

8. Question and Answers

Meet the Directors

Brad Halbach Shylleza Vasisht Chadd Merrigan Anna Martca Ashish Arora – (Interim Director)

What is the HOA?

The Woodbridge HOA is the organization joined by you as a condition of purchasing a home in the Woodbridge neighborhood. If you are a renter, your landlord is a member of the HOA. The HOA exists to preserve the condition of the shared resources of the neighborhood, which include, to a limited extent, the condition of visible items on privately-owned property.

There are other HOAs in the neighborhood as well, serving townhome owners. The Woodbridge Homeowners Organization has no relationship with these companies and we receive separate dues payments. The townhome owners receive services such as landscaping and repair, which are done on their properties, and therefore have a closer and more costly relationship with their townhome-specific association.

What does the HOA do?

First and foremost, the HOA arranges for landscaping services, water and electric connections, and public facility repair and upkeep such as playground equipment and signage.

Second, the HOA enforces the limited rules regarding private property use that are stated in the "C, C, and Rs" that you agreed to upon purchasing your property, plus any additional rules that have been voted into existence by the HOA through the years.

Third, the HOA often, but at their discretion, hosts social events such as the Fourth of July event, forms action committees to tackle common challenges, and installs new improvements on shared neighborhood property.

What do the HOA directors do?

To accomplish the above things in a fair and effective manner, and to ensure adaptation to changing needs, the directors meet monthly to discuss developments, vote on new actions or policies, and divide responsibilities for needed actions among themselves.

Except in special cases when even more volunteers are needed, the directors act as volunteers of first resort. Each winter, the directors arrange the mailing of dues notices and follow up on payment collections. In the spring, landscaping needs are evaluated and services negotiated with a landscaping company. In the summer months, the Fourth of July event is arranged, and enforcement of property upkeep is performed. In the fall, budget plans are re-evaluated and presented at the Annual General Meeting. Also in the fall, the board runs elections of new board members to replace those whose 3-year terms have expired, as appropriate.

Where do I fit in?

We are all part of the HOA, and we all need to participate in setting a smart and sustainable course for the neighborhood, if not by direct voting as an HOA director, then at least by participation in board elections by voting for and nominating candidates that you feel would pursue the right actions. All owners are eligible to join the board if elected. In addition, volunteers are occasionally needed for seeing the HOA activities to conclusion, and your participation is encouraged.

What do I need to know?

Not really that much. Add a bookmark to http://www.woodbridgeowners.com, and everything you need is right there: announcements, community rules, a route to join the Google discussion group, the list of current directors, meeting minutes, and other Woodbridge-scoped information.

But really. What do you need to know? Know your neighbors! Keep them in mind. Ask what's new. Invite them over for a playdate. The success of the neighborhood will be a no-brainer if we're all keeping cohesive and sharing what we know.

President’s Update We are planning to finally move forward with 3rd party

company to conduct enforcement next year. Deploying a sign at narrow circle near park Plan on re-barking the neighborhood next year. Homes continue to increase in value and over 16 homes have sold this YTD

Highlights and Updates for 2012 4th of July – Great turn out and great weather

Completed Projects Swing Installation in Phase 2

Received $5000 city grant funds towards project Drainage upgrades in a few park areas

Fedex agreements:Fedex/SunCap

All trucks exit to north Sound wall, berm,

vegetation Designated contact In building permit

City Traffic, parks, land

use studies Citizens Advisory

Committee Code enforcement

Taylor Prior notification Community meetings

Cadman

Woodbridge

Genie

Acknowledgements Participants

100 residents submitted comments

120 residents signed appeal

Projects team: Howard Hillinger Manish Garg Mohit Datta Anna Martca

Attorney: Jay Derr

Contributors: Woodbridge HOA Nancy Barevics Zaffer Lalji

Changming Ma Fuyu Liu Howard & Pam Hillinger Manish Garg Mohit & Shika Datta

Future Projects:Remainder of UHCCResidential north of parkGenie redevelopment?South half of Cadman

SE Redmond Neighborhood PlanFirst meeting Nov 6th

UHCC Taylor Future Development

UHCC Taylor Future Development

Cadman Future Development

Cadman

Woodbridge

Genielease with Taylor expires 2016

Taylor Future residential Development

Park

County maintenance base

Future traffic signal

Future 73rd street

Future trail

YTD Income & Acct. Balances

2012 Expenses

…Continued

Annual Dues for 2013 Single Family Dues $475 Town Home Dues $285

2013 Budget Income

INCOME Annual Dues Town Homes $18,810 Single Family Homes $133,000 TOTAL Annual Dues $151,810 Other Inc $0 CD Interest $300 Escrow Fees $2,400 TOTAL Other Inc $2,700

TOTAL INCOME $154,510

EXPENSES

Administrative Social - Events

Bank Fees $120 Annual Meeting $500

Insurance $4,000 July 4th $2,000

Legal Fees $1,000 Other Events $1,000

Postage - Mailings $500 TOTAL Social - Events $3,500

TOTAL Administrative $5,620 Taxes $300

Community Improvements $20,000 Utilities

Landscaping Electric $3,000

Backflow Testing (Annual) $800 Water $30,000

Bark $10,000 TOTAL Utilities $33,000

Irrigation Repairs $8,000 TOTAL EXPENSES $159,220

Landscape Repairs $10,000

Maintenance (Monthly) $66,000

Playground Wood Chips $2,000

TOTAL Landscaping $96,800

2013 Budget Expenses

Open Nominations What are you passionate about?

Parks, Events, Administrative, Social Your chance to make a difference! Influence community decisions

Election of Directors 2 Director posts up for elections Term ending 2015. Candidates for Director’s posts

Open Forum

Question and Answers