Crescent at Cherry Lane Homeowners Association

TOMORROW, October 7, 2014 7:00 PM

PIZZA AND SODA WILL BE SERVED AT THE MEETING

The purpose of the annual member meeting is to hold an election for the position on the Board of Directors that is filled by Ms. McCormick whose term expires this year. Nominations for the open Board of Directors seat will be taken from the floor at the meeting. Please plan to attend if you intend to stand for election.

No amendments to the Declaration of Covenants, Conditions, and Restrictions were submitted for consideration at the annual meeting. Please be advised that a majority of all homeowner lots are required to cast affirmative votes for the any amendment to the Covenants to be adopted.

Section 4.6 of the Association’s bylaws requires 30% of the members to attend this meeting (or submit a proxy) for any business to be conducted. If a quorum is not present at the annual meeting, the meeting may be adjourned and reconvene at an additional time at least 15 days after the date of the originally scheduled meeting. If necessary, the reconvened annual meeting will be held immediately before the Board of Directors’ meeting on November 7, 2014. At the reconvened meeting, the members present in person or by proxy will constitute a quorum in accordance with Md. Corp. and Assoc. Code § 5-206 and Section 4.7 of the bylaws of the Association, and the members present may take any action that could have been taken at the original meeting had a quorum been present.

The Association will incur additional costs if it is necessary to hold a reconvened meeting. Accordingly, we strongly encourage you to attend this important meeting. If you cannot attend, please complete the attached proxy form and provide it to another resident who will attend the meeting.

The Board of Directors has posted a proposed 2015 budget on the Association’s website. If you would like a paper copy, please contact Tidewater Property Management. The budget will be distributed and discussed at the annual member meeting. The Board will consider it for adoption at the November 7, 2014 Board meeting. All members who attend the annual member meeting and who desire to speak on the proposed budget may do so.