HAMMOCK BEACH ESTATES HOMEOWNERS ASSOCIATION (HBEHOA)

Ballot Initiative for Annual Membership Meeting—December 8, 2005

I(we) authorize the HBEHOA Board of Directors to enter into all contracts and agreements necessary to construct during 2006 a Pavilion on the common grounds next to the community pool, and agree to the obligation to pay a special assessment to cover construction costs, provided that

·        The Pavilion is constructed and furnished consistent with the descriptions provided to the membership, unless the Board determines that changes are necessary to meet building code or other professional standards. 

·        The Board makes a legitimate effort to obtain at least three contractor bids and selects the contractor that it determines to be the best value to the association considering price, workmanship, warranties, and any other relevant conditions.

·        The special assessment does not exceed $250 per lot when paid as a lump sum.

I(we) recognize that beginning in 2007, the annual membership assessment will need to take into consideration additional operating expenses (such as insurance, taxes, and electricity) and periodic maintenance related to the Pavilion.   .   

VOTE HERE:  (check one)

 (______) Yes, build a Pavilion                or            (______) No, do not build a Pavilion

 Names of Lot Owners                                                                                                           

                                                  Please print

  Lot(s) owned                                                                                                                          

                                    (state lot number(s) or, if not known, your lot’s street address

 Signature(s)*                                                                                                                                                                                                                                     

*  If all owners do not sign, the signer asserts by signing that he/she is authorized by the remaining owners to represent their interest in this matter.

To vote on this issue, you may either

• Cast your vote in person at the annual meeting on December 8, 2005.
• Complete a proxy designation to authorize someone to vote on this issue on your behalf at the annual meeting.
• Vote absentee, by giving the completed ballot directly or indirectly to Peggy Steele, Secretary, or by mailing it to the Association’s post office box:

Hammock Beach Estates Home Owners Association

                            PO Box 350668 ,  Palm Coast , FL 32137

To be valid, proxies and absentee ballots must be received by the Secretary prior to the start of the annual membership meeting at 7:00 pm on December 8, 2005.