Developer’s Report. President Berry recognized Mr. McCreary, who provided an update on development for Sections 1 and 2. He stated 75 lots have sold in Section 1 and that Meritage is still working on the pond maintenance agreement. He then discussed the ownership issues regarding the irrigation main and pipe repair at the golf course and the possibility of selling an easement for Walters Wedding Estates. Upon motion by Director Doering, seconded by Director Robb, after full discussion and the question being put to the Board, the Board voted unanimously to approve the developers report. 6

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.1/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.