Silver Firs Phase 2Silver Firs Phase 2Budget RatificationBudget Ratification

MeetingMeeting

October 22, 2001 Special MeetingOctober 22, 2001 Special Meeting

AnnouncementsAnnouncements

New website – the domain New website – the domain www.silverfirs2.orgwww.silverfirs2.org is is being registered with InterNIC. Currently, you can being registered with InterNIC. Currently, you can visit the site at visit the site at http://64.226.24.145http://64.226.24.145 (there will also be (there will also be a link from the current site).a link from the current site).

Andrea Nichols, who filled a board vacancy in Andrea Nichols, who filled a board vacancy in December of 2000, is leaving the board. Her December of 2000, is leaving the board. Her position’s term ends in 2002, so her replacement will position’s term ends in 2002, so her replacement will be due up for re-election at the 2002 annual meeting.be due up for re-election at the 2002 annual meeting.

Proof of Notice ofProof of Notice ofSpecial MeetingSpecial Meeting

IntroductionsIntroductions

Tracy Barrett – President – Rules CommitteeTracy Barrett – President – Rules Committee Jim Yourkowski – Vice President – Operations CommitteeJim Yourkowski – Vice President – Operations Committee Andrea Nichols – Treasurer – Finance CommitteeAndrea Nichols – Treasurer – Finance Committee Gene Thompson – Secretary – Communications CommitteeGene Thompson – Secretary – Communications Committee Michael Bitz – Landscape CommitteeMichael Bitz – Landscape Committee Kate Hurlocker, Christine Perigen – CWD representativesKate Hurlocker, Christine Perigen – CWD representatives

Call To OrderCall To Order

To conduct official business, a quorum of 40% participation must be reached. For the 880 homes of Silver Firs Phase 2, at least 352 votes are needed.

What happens to the board approved motions if a quorum is not reached?

Approval of theApproval of the2001 Annual Meeting Minutes2001 Annual Meeting Minutes

2002 Special Ballot Issues2002 Special Ballot Issues Do you vote to disapprove of the Year 2002 budget adopted by the Do you vote to disapprove of the Year 2002 budget adopted by the

Board of Directors by on October 3, 2001?Board of Directors by on October 3, 2001? Do you vote to waive the audit of financial statements for the year Do you vote to waive the audit of financial statements for the year

2001?2001? Do you vote to disapprove board’s resolution recorded as Do you vote to disapprove board’s resolution recorded as

#200108300230 with Snohomish County, titled first amendment to #200108300230 with Snohomish County, titled first amendment to the bylaws of Silver Firs Phase II HOA, which amends article one to the bylaws of Silver Firs Phase II HOA, which amends article one to change the corporate offices from Centex in Bellevue to the CWD change the corporate offices from Centex in Bellevue to the CWD Group in Seattle?Group in Seattle?

Do you vote to disapprove board’s resolution recorded as Do you vote to disapprove board’s resolution recorded as #20010917-2, titled second amendment to the bylaws of the Silver #20010917-2, titled second amendment to the bylaws of the Silver Firs Phase II HOA, which changes article 4.5 to change the date of Firs Phase II HOA, which changes article 4.5 to change the date of the annual meeting from the 4the annual meeting from the 4 thth Monday in January to the 4 Monday in January to the 4thth Monday in October of each year beginning in the year 2002?Monday in October of each year beginning in the year 2002?

Do you vote to disapprove theDo you vote to disapprove theYear 2002 budget adopted by theYear 2002 budget adopted by the

Board of Directors onBoard of Directors onOctober 3, 2001?October 3, 2001?

Do you vote to waive the audit of Do you vote to waive the audit of financial statements for thefinancial statements for the

year 2001?year 2001?

Do you vote to disapprove the Do you vote to disapprove the board’s resolution recorded as board’s resolution recorded as

#200108300230 with Snohomish #200108300230 with Snohomish County, titled First Amendment to County, titled First Amendment to the Bylaws of Silver Firs Phase II the Bylaws of Silver Firs Phase II HOA, which amends article one to HOA, which amends article one to change the corporate offices fromchange the corporate offices from

Centex in Bellevue to theCentex in Bellevue to theCWD Group in Seattle?CWD Group in Seattle?

Do you vote to disapproveDo you vote to disapproveboard’s resolution recorded asboard’s resolution recorded as

#20010917-2, titled Second #20010917-2, titled Second Amendment to the Bylaws of theAmendment to the Bylaws of theSilver Firs Phase II HOA, which Silver Firs Phase II HOA, which changes article 4.5 to change the changes article 4.5 to change the date of the annual meeting fromdate of the annual meeting fromthe 4the 4thth Monday in January to the Monday in January to the

44thth Monday in October of each year Monday in October of each yearbeginning in the year 2002?beginning in the year 2002?

Old BusinessOld Business

No old business to be resolved from the 2001 No old business to be resolved from the 2001 Annual meeting.Annual meeting.

New BusinessNew Business

Proxy & Ballot Voting explained by Jim Proxy & Ballot Voting explained by Jim Yourkowski.Yourkowski.

Question & Answer TimeQuestion & Answer Time

AdjournmentAdjournment