Caroline Ridge Owners Association, Inc.

OFFICIAL NOTICE TO HOMEOWNERS

Dec 23, 2004

Notification is hereby given that pursuant to the Covenants, Conditions, and Restrictions of Caroline Ridge and the bylaws of the same, the annual assessment rate for 2005 (March 1 to Feb 28/29) will be decided by a meeting of the newly elected board of directors immediately upon completion of the annual meeting of homeowners on February 12, 2005.
Members are welcome to attend this meeting.
The current board does not foresee a need to raise the annual assessment above its current rate of $118.75, but is authorized to raise the rate by 5 percent without a general vote of the homeowners.