Board Decision No. 2012-001

Pertaining To

Annual Dues

Resolution

The Board of Directors resolve that the annual dues be increased by the maximum amount of 10% from $50.00 to $55.00 without a vote of the members as permitted under Article IV, Section 3 of the Association's Declaration of Covenants, Conditions and Restrictions.

Vote Tally

NAME, POSITION YES NO ABSTAIN ABSENT
Jim Emery, President X
Steve Beltz, Vice President X
Dan Clark, Secretary X
Lauren Crum, Treasurer X
Jeff Peters, Member At-Large X

This Resolution was duly adopted at the meeting of the Board of Directors held on 27 January 2012.

Effectivity

As of 28 January 2012.