Special Assessment Letter

SCOTTSDALE COLONY

Managed by Heywood Realty & Investment, Inc.

42 S. Hamilton Place, Suite 101

Gilbert, Arizona 85233

(480) 820-1519 * (480) 820-1722 (FAX)

March 31, 2010

TO: All Scottsdale Colony Owners

FROM: Steve Cheff, Property Supervisor

RE: SPECIAL ASSESSMENT FOR LANDSCAPE CONVERSION, PAVING, AND SOLAR POOL HEATER

Dear Owner:

At the Special Meeting of the Owners held on March 22, 2010, it was determined that the required votes have been received regarding the pending special assessment for the paving, landscape conversion and solar pool heater projects. The homeowner’s votes indicate that they overwhelmingly approve the funding for these projects.

As indicated on the ballot, the special assessment of $300.00 per unit may be paid in one lump sum or in three monthly installments of $100.00 with payments due on May 1, June 1, and July 1, 2010. The sooner we receive the funding the sooner we can begin these projects to enhance our community. To help fund these projects the board has allocated more than $15,000 from the reserves towards these projects.

Please make your special assessment payments at the same time as your regular monthly HOA assessment. Please include your Lot # on your check for proper crediting of your account. If you have your monthly payment deducted automatically then you must send in the special assessment payment or written authorization for us to withdraw the special assessment from your account.

We will notify all owners before we start with the paving project so that all vehicles can be moved as needed.

Thank you for your cooperation in this matter.

Sincerely,

Steve Cheff

Property Supervisor

Scottsdale Colony Homeowners Association