Homeowners Committee

Dear Friends and Neighbors,

Yesterday evening, at the homeowner’s meeting, several of the neighbors attended and along with the Board, engaged in a lively discussion regarding the updated Reserve Study. The Reserve Study was prepared for the HOA by LM Consultants, Inc., an Architectural and Engineering Consulting Firm and was previously forwarded to all owners on August 15th for review. As we previously advised you, the study is a 56 page long, comprehensive document that analyzes our present and future ability to financially manage and maintain the Linden Tree Lane community.

Because the Reserve Study has indicated that our reserves will fall short to cover the cost of future maintenance and repairs (i.e. roof replacement, pump house repairs/maintenance, etc) the Board requested that a committee of homeowners (perhaps 10) be formed to discuss, analyze and work together to create a solution that will be in the best interest of all. We anticipate that this Committee would meet monthly and would report to the Board prior to the each meeting. The time commitment will likely be an hour or two each month for the next few of months.

At the homeowner’s meeting yesterday evening, the following homeowners offered to participate in this Reserve Study Committee: Tolga Guder (4294); Patrick (Chase) Williams (4213); Lana Razumov (4285); and, Carol and David Blake (4252). In addition, Steve Leighton (4263), who has invested many hours of his time and provided us with his detailed analysis of the study, has indicated that he will attend the first committee meeting to help explain his understanding of the study. In addition, Jim Liddle (4254) has offered to investigate HOA loans.

There are many financially savvy homeowners in our community and we are hoping that some of you will share your talents by working on this project. The issues at hand will affect the entire community and your input is needed .

If you are willing to invest some time on this Committee, please contact me prior to September 8 . My contact info is as follows: [email protected] or (847) 922-4954.

Best regards,

Carol A. Di Giacomo

President of Linden Tree Homeowners Assn.