2005 Homeowners’ Association Annual Meeting

The Annual Meeting of the Village Green Homeowners’ Association was held at the Village Green office on Saturday, October 29, 2005. Other than the Directors, Officers and Village Green Staff Members, very few owners were in attendance.

The meeting was moderated by Russell Agne, Vice President and member of the Board of Directors.

The agenda for the meeting consisted of:

The introduction of Association Officers and Directors.

Acceptance of the minutes of the 2004 Annual Meeting.

A review of the association’s 2005 year to date Financial Statements which indicate based on the Association’s financial position as of September 30, 2005 and the results of its operations to date, that the Association remains financially strong.

The review and acceptance of the proposed Association budget for 2006. Based on this budget, it is anticipated that there will be no increase in fees for 2006.

The nomination and election of Russell Agne to serve another 3 year term as a member of the Association’s Board of Directors.

A review of an owner’s request to address a possible change from RCI to Interval International as our exchange network and an open discussion period.

As always, minutes of the meeting as well as all financial information will be available shortly at the Village Green Office for any owner who wishes to review these during their stay the resort.