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Home Owners Dues Info

Dear Homeowner:

Please find enclosed a copy of the Minutes of the Annual Meeting, which was held on July 7, 2008.

Also enclosed is a copy of the Budget Report which not only shows the Budget for 2008-2009 but also contains a comparison of the Budget for 2007-2008 and the actual expenses for the same period.

You will also find enclosed the dues invoice. Dues are due by August 1, 2008. A full upfront payment of $645.06 would be appreciated; however, you can split this into two payments. At least one-half of the dues ($322.53) is due by August 1, 2008 and the second half ($322.52) is due by January 1, 2009. Please make payments by the specified date to avoid penalities of ???.

We are also enclosing a current list of all homeowners in Franklin Trace.

In the upcoming year, we hope to bring the residents of Franklin Trace additional benefits. A community website (www.franklintrace.com) has been launched and content useful for homeowners is being frequently added. We are also looking for feedback on potential community activities; look for a survey in the mail in the near future.

If you have questions, please feel free to contact Alig and Associates, Inc, your management company.

Sincerely,

Alig And Associates, Inc.

Carol Sue Ferson

Chief Executive Officer

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