Design Concepts Mills Group Design Concepts 5 M

Design Concepts Mills Group Design Concepts • ~$5 M project without deck roofs or accent stone base • ~$6 M project with deck roof and accent stone base See pictures MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020

ML Renovation – Milestones MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Phase I (1) Design Concepts Ø Exterior Design – Complete (Mills Architecture) Ø Interior Design – Next step, Select an Interior Designer (2) Financing Assumptions / Options Ø Exterior Design Concept: 10 year loan @ 6% (NTE $3. 5 Mil - $4. 0 Mil per our Bank) o ~$5 M Design Concept (100% Special Assessment) or (25% Special Assessment, 75% Loan) o ~$6 M Design Concept (100% Special Assessment) or (25% Special Assessment, 75% Loan) Ø Interior Design Concept: $500 K from Capital Reserve will be transferred to the Interior Project Budget (3) Homeowner Approval / Dis-Approval Ø Vote to proceed or Stop the current process Ø Homeowner Proxies will be sent out in the next 30 days Ø If Homeowner Approval is granted, then we move to Phase II Ø Implement Homeowner (12 or 18 month) Special Assessment fee Ø Identify Bank Financing options Ø Finalize Exterior / Interior Design Ø Solicit Contractor Bids Ø Select Contractor Ø Begin Construction

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 ~$5 M Cost Breakdown without deck roofs or accent stone base Two Financing Options • 100% Special Assessment • 25% Special Assessment, 75% Loan

~$5 M – Without deck roofs or accent stone base MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020

~$5 M – Without deck roofs or accent stone base MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 ~$6 M Cost Breakdown with deck roofs and accent stone base Two Financing Options • 100% Special Assessment • 35% Special Assessment, 65% Loan

~$6 M – With deck roofs and accent stone base MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020

~$6 M – With deck roofs and accent stone base MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020

Committee MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 • Building & Grounds – preserve the physical integrity and aesthetic quality of the building, parking lot, and grounds; advise on Reserve Components and interior/exterior renovation project • Finance – oversight of business and financial operations • Governing Documents – review laws, Declaration, Bylaws and assist in writing policies • Elections – develop and implement election procedures in accordance with Bylaws

Building & Grounds Committee MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Assists and advises the ML Management and Board in order to preserve the physical integrity and aesthetic quality of the building, parking lot, and grounds. Assists and advises on the Reserve Components during the annual budget preparation and for interior / exterior renovation project. Name - Email - Phone Number -

Finance Committee MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Reviews and provides oversight of the financial and business operations of the Association, the Treasurer must serve as Chair Person of this committee. Name - Email - Phone Number -

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Governing Documents Committee Reviews the Governing Documents of the Association, i. e. Bylaws, Declarations, Policies, WV Non-Profit Act, WV Corporations Act; and makes recommendations and assist in the drafting of all policies. Name - Email - Phone Number -

Elections Committee MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Responsible for developing election procedures that are consistent with the Bylaws and administer those procedures as they are approved by the Executive Board, also must qualify all candidates and administer the collections and verification of all proxies for the Annual Homeowner Meeting. New members are selected every year at least 90 days prior to the Annual Meeting. The committee will exist of 1 Board Member, 2 Owner Representatives, and 1 Staff Member. Board members serve two year terms. Name - Email - Phone Number -

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Q&A

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020 Regime Fee Comparison

MOUNTAIN LODGE ASSOCIATION Snowshoe, WV GM: Jetta Wilfong, 304 -572 -2020