Special Assessment Letter

Dear Scottsdale Colony Homeowners,

Please join us July 25^th 2011 at the clubhouse to vote on a Special Assessment to complete the landscaping improvements property-wide at the Scottsdale Colony. It is important that you attend so that we may vote on this issue and move forward.

At the Annual Meeting in April our homeowners provided feedback regarding prioritizing the projects in our community. It was decided that completing the landscaping improvements throughout the community is the most important project at this time. In order to finish the landscaping community-wide, there is a need for a special assessment as the community's reserves cannot support the cost.  

Many residents have asked when the landscaping around their unit will be completed. Without a special assessment it could take many, many years before the entire ten-acre property is finished with landscaping improvements.  This helps us achieve our goal of increasing the longevity of our painting projects by using granite around all buildings so that water does not erode the paint. Once finished, this improvement will allow us to be proud of the ENTIRE PROPERTY.

At the special assessment meeting we will vote on:

Landscaping – Complete landscaping improvements property-wide.

1. Upgrade landscaping in front of all units with granite and attractive, flowering plants.
2. Upgrade the areas behind all units on the south and west of the property with concrete borders, flowering plants, granite, and trees.  
3. Repair and upgrade parking areas with concrete trenching and concrete tire stops.

See attached map with proposed project areas shaded in red

The cost to finish the landscaping will be approximately $500 per unit with several payment options. The sooner you pay, the less you pay.

Payment Options:

• Payment period to begin February, 2012
• One payment of $460 paid in February
• Three payments of $166 (total = $498 – February, March, and April)
• Six payments of $88 (total = $528 - February through July)
• Work to begin April 2012 (provided assessment passes)

At the special assessment meeting, we will need a quorum of 2/3^rds of owners participating. If a quorum is not achieved at the first meeting, we will reconvene the following month at which point we will vote on the issue. We hope to see you there.

Respectfully, the Scottsdale Colony Board of Directors