November 29, 2011November 29, 2011

www.indianbrookcondos.com

Annual MeetingAnnual Meeting

Agenda1. Welcome

2. Key Accomplishments

3. Landscaping

4. Challenges

5. Financials

6. Election

7. Questions

2011 Key Accomplishments 3 buildings painted/repaired (9-12 Rosewood;

5-8 & 9-12 Lilac) 64 decks stained/sealed (Birchwood, Lilac,

Rosewood, Turnbridge) Established 3-year snow plowing contract with

Rosado and Sons, Inc. New mailboxes (Rosewood, Weybridge) New garage door on STP garage Draft of updated rules & responsibilities distributed Ongoing building repairs

Landscaping 2011 Review Rosado & Sons, Inc. second season; first year

of 3-year contract Loaming and seeding under groves on Indian

Brook Road Upbranching to improve appearance and

“walkability” Pruning or removal of shrubs and branches at

light posts and poles to improve lighting and protect investment

Landscaping 2011 Review Flower budget shift from annuals to perennials

and ornamental grasses Hostas moved from downed trees to new

locations at no charge Bartlett Tree Experts major tree work

Removal of hazardous trees at perimeterFree sample pruning (20’) of a large white pine on Turnbridge Tropical Storm Irene (Aug.); snowstorm (Oct.); removal of

magnolias infested with magnolia scale (most too close to buildings)

Landscaping 2012

Loam and seed spots where storm-damaged trees were removed

More perimeter tree work to remove hazards and increase clearance from buildings

Remove/relocate foundation shrubs to improve building clearance

New plantings as budget allows Reduced projects (“extras”) budget

2011 ChallengesRiverside lawsuit ongoing

Extraordinary unbudgeted expensesSnow removal $49,000 over budgetAug. tropical storm clean up Sewage back-up Nov. (9-12 Rosewood) Remediation of recurring water infiltration

(5-8 Birchwood & 6-7 Rosewood) Remediation of recurring flooding/basement

water infiltration (5-8 Leman) Oct. snowstorm clean up (trees)

TOTAL $67,000

Capital Projects Planned for 2012

Painting/carpentry (Leman)

Leman wall/drainage project

Walkway repairs

Turnbridge driveway patch/repair

Striping 3 parking lots (Rosewood + 2)

Signage: paint IB sign & adduplighting; new private property sign

TOTAL $71,000*All costs are estimated

Status of STP Upgrade

MA DEP mandate to tighten nitrogen limits

Granted extension to complete work until 2016(originally 2012)

On-Site Engineering design complete

Estimated cost: $120,000

Fully funded in 2011

Roof ReplacementsFinal payout received from insurance claim

2011 activityNo roofs replacedReview of 7 roofs replaced in 2010; results showed

additional work required; work to be scheduled

Additional estimates obtained from new vendorsSpecs approved end of Oct.

Start with 1-4 & 9-12 LilacEvaluate quality

2012 plans

2012 Fees

Condo fee 7% ($302/$305/$345)

Supplemental fee to replenish general reserve

12 monthly paymentsMiddle units $420 ($35/month)End units $480 ($40/month)

2011 supplemental fee to fund STP upgrade $560/$565/$639

Election

A few words from Bob Haddon—Owner, Salisbury Management

Terms expiring: Roland Janbergs, Flossie O’Donnell, Kerry Reisner

Candidates running for election (or re-election)

Questions and Discussion