Regulatory Committee/ARB Meeting

September 12, 2007

Present: Charles Kayser (Regulatory Committee Chairperson), Joan Winslow (Vice-Chairperson), Peter Dotto (ARB Chairperson), Roger Gibbons, Dorrie Kayser, Jean Scott, Marilyn Dotto, Julia Goodrich, Ken Westcott, Roger Anderson and Maren Anderson

The meeting was called to order at 6:00 PM in the Equestrian Center Lounge.

Four new volunteer members: Roger Anderson, Marilyn Dotto, Julia Goodrich, and Ken Westcott were introduced to the Committee and welcomed.

ARB

Materials list and samples for the Goodrich residence to be constructed on Lot 246 were reviewed and found acceptable. Conditional approval of initial construction is granted. Final approval is pending receipt by the ARB, of the name of the actual builder and same is researched and found to be an acceptable contractor according to ARB guidelines. Submission and approval of a landscape plan is also required.

The Wright/Peter request for a pool with a 4’ fence to be located on lot 317 was reviewed. Approval is pending acquiring Moore County standards for fences around pools. If the fence meets county requirements, the request will be approved.

The DeVee request for additional fencing on lot 314, located at 331 McLendon Hills Drive was submitted for approval. Approval is granted providing that the rear fence line is no closer than twenty feet from the rear property line to insure no encroachment on the bridle trail easement at the rear lot boundary.

Construction of the Wiese residence on Lot106H has ceased some time ago and the property is overgrown and an eyesore. The ARB will send the Wieses a letter in accordance with our non-compliance policy, in an effort to determine their intentions so we can decide how to proceed with this situation.

A recommendation was made to begin using all ARB forms and implement all ARB documented procedures, such as inspections, as soon as possible. In addition, it was suggested that we put all ARB forms on the website.

Krallinger Appeal

Joe and Hilde Krallinger appealed to the Requlatory Committee for an exception to the Lake Rules so that they can purchase a pontoon boat. A letter with the Regulatory Committee’s recommendation will be sent to the developer.

9-12-07 Regulatory/ARB Minutes page 2

Regulatory

Old Business:

The issue of dogs on the bridle trail and dogs off leash has not yet been addressed by the developer. In the meantime, a notice will be placed in the newsletter reminding residents of the rules regarding dogs.

The Capp’s residence has been brought into compliance and fixed up a bit by the developer in conjunction with the Capp’s realtor.

Review of documentation outlining Safety and Security issues has been postponed to the next meeting.

There were many questions left unanswered by the developer’s attorney during our meeting of August 8, 2007. A recommendation was made to pursue obtaining independent legal counsel. The developer will be approached with this request when he is back in town.

New Business:

Some areas of the covenants were brought to the floor for discussion:

1. Protection of the bridle trail – is it a common area or owned by individual residents granting use through easements?

2. Laws regarding votes and dues on unsold lots.

It was decided to prepare a comprehensive list of questions that we need to have answered by independent legal counsel.

An assignment was issued to review the covenants for areas that need definition and/or interpretation. A system then needs to be developed to document those changes and track them with the covenants. It was noted that all changes to the covenants are best made prior to being incorporated as an HOA.

A motion to adjourn was made and seconded. Meeting was adjourned at 8:30PM

The next meeting of the ARB (if needed) will be September 26^th at 6:00 PM in the lounge

The next combined meeting of the Regulatory/ARB Committees is October 10^th at 6:00PM in the lounge.