Eddisto Plantation Homeowners Association

2006 Annual Meeting Minutes

Held April 23, 2006 at Camp Anderson

EDDISTO PLANTATION HOMEOWNER’S ASSOCIATION
ANNUAL MEETING
Sunday, April 23, 2006

D. Arrington, president, called the meeting to order. Attorney, Ladson Beach, was introduced to the group. Roll call was at 52 comprised of both proxies (23) and those in attendance (29). Forty-two were needed for a quorum. Notices had been sent to all homeowners. Minutes of the last meeting were available but were not read at the request of the homeowners.

D. Arrington gave the report of the Board of Directors. Homeowners were informed of the following:

•The restricted covenant/by-laws are being violated. Examples of violations were cited.

•Genoa no longer has control of the subdivision because over 75% of the lots have been sold.

•Items that contributed to the increase in the 2006 budget were postage, DPU, landscaping (contingency money), pond expense, liability insurance, and SC taxes.

•There was approximately $7720.58 of increased expenses over 2005.

•A CD was cashed in last year to assist with the deficit.

•The budget for 2006 has been balanced with the requested increase in dues.

•All homeowners were asked for their cooperation and adherence to the covenant/by-laws.

The homeowners had questions concerning the increase in legal fees. The president informed them that legal documents and other legal matters must be attended to. He also informed them that the expense of a management group had not been added to the budget.

The homeowners were notified of the need to move the Annual Meeting to the fall so that the budget can be approved prior to the beginning of each year. A question was asked about the possibility of a June – May year for the association. Attorney Ladson Beach responded to the question. He recommended that we talk with the accounting firm that handles the taxes. D. Arrington will check with the accounting firm.

The President mentioned about the enforcement of restrictive covenant/bylaws. He stressed that everyone should follow the covenants. He also sited the following violations:

•Sheds,
•Chain link fences,
•Commercial vehicles, etc.

The President informed the group that we did not expect a vote on hiring a management group today. Attorney Ladson Beach discussed the procedure for enforcing the covenant and collection of dues.

For Section 3 and 6 Amendments, Harris Davis called for division of the house. Sections 3 and 6 were added to the ballots by individual homeowners. For Section 3, it was recommended that residential occupancy be changed to certificate of occupancy. Questions concerning the budget were discussed.

It was motioned by Rich Heaton, and seconded by Janet Gilchrist that we hire a management company. There was discussion from the floor and several comments were given in favor of the motion. The motion was passed and was added to the ballot.

Margie Fant gave remarks concerning the Social Committee. She suggested a Spring Fling in the Park; the majority present thought that a Sunday evening would be preferable. It was suggested that the event be held on the Sunday evening prior to the 4th of July.

Dr. Sandu stated that the homeowners needed to obey the speed limit signs posted on the property.

Results of the Ballots:
 Jamie Katzberg – elected to Board – 3 year term
 Richard Singleton – elected to Board – 3 year term
 Stanley Ritter - elected to Board – 3 year term
 Section 3 Approved (Increase landscape deposit from $1,500.00 to $2,000.00) – Attachment 1 (to be filed with county)
 Section 6 Approved (Increase minimum square footage to 2,500 for all new homes built) - Attachment 2 (to be filed with County)
 Increase in Yearly Dues by $100/lot for Calendar Year 2006
 Hire a Management Company at an additional yearly cost of $125/lot (will be prorated for CY 2006)

There was an introduction of all homeowners present and the meeting was adjourned.

Respectfully Submitted,



Joe F. Singleton
Vice-President/Secretary





David M. Arrington
President