We have received a numberr of excellent comments back from our Blue Lake Estates property owners as to our proposed Vision Statement. Thus far, there appears a consensus and concurrence as to our Vision in general.

Below is an enhanced version of our Vision Statement which includes several suggestions of our BLPOA members. It is the BLPOA board's intention to vet out the Vision Statement one last time at the next Quarterly meeting to be held Saturday, Oct 11th at 10:00 in the clubhouse. After any additional comments at that time, the board intends to adopt an official version of the Vision Statement.

We look forward to any additional comments and will report back to you on the final product after our meeting in October.

Your BLPOA Board of Directors

Blue Lake Property Owners Association

Blue Lake Estates Vision Statement

September 2008 DRAFT Document

A community where each neighbor looks out for the other. A community where our rights and freedom as American citizens are respected within our boundaries. The preservation of a way of life that our children and grandchildren can enjoy while allowing for growth so that all can realize their full investment potential.

Mission:

To honor all of the property owners' rights without bias. To run the Association affairs in a manner that protects the integrity of the Association, its bylaws and the covenants and restrictions. To provide a tradition rich community that is known for its friendliness and neighborly support. To remain pro-active, in oversight and planning for future growth and to enhance property values in our community.

Strategic Goals:

Internal related
- Facilities: Preserve, maintain, enhance and beautify the common areas and facilities and encourage the individual property owners to do the same with their property. Maintain the Blue Lake Estates character and aesthetic values through enforcement of our architectural and covenant standards.
- Tradition: Maintain and build lasting traditions that make the Blue Lake community desirable and unique.
- Volunteerism: Continue to harvest the vast experiences and contributions of our property owners.
- Management: Continue fiscal responsible management of the Association's affairs.
- Governance: Communicate clear roles of the board of directors and its committees as provided for in the bylaws. Maintain good communications between the Association and the property owners. Encourage a proactive board and an active recruitment and nominating process for the selection of the board directors and the board's committees.

External related
- Community: Maintain the regulatory status of an independent community within itself.
- Economic: Ensure the financial integrity of the Association.

September 3, 2008

The annual meeting of the Blue Lake POA was held July 5th (2008). Following is a summary presented at the annual meeting of the Long Range Planning Committee Report to the Blue Lake POA Board of Directors.

§ Primary purposes to develop plan for orderly development of Blue Lake, suggest improvement of addition of infrastructure, suggest enhancements for safety, welfare, enjoyment, beauty, and appearance of community

§ Members Bill Stevens (chairman), Don Adams, Jay Harris, Sally Lavine, and Bill Murphy (Golf Club)

A formal report was made to the Blue Lake POA Board of Directors on June 6, 2008 and a full report will become available on the Blue Lake POA website: www.bluelaketx.org.

o building inspector report on current condition, expected life, issues with facilities

o committee members meeting with each Blue Lake organizations to explain committee's function, seek support and input to planning process

o researching POA owned property to determine restrictions to further development/use

o a review by an architect for feasibility of expansion/remodel of community center

o average appraised value of property owner's lot up 39% in last 3 years for a total of $89M

o volunteers in community spend well over 1000 hours annually in support of community

o Golf clubhouse and community building expansion remodel/expand $400k, new $650k

§ Recommend establishing permanent building fund and provide methodology to raise funds by property owner assessment, issuance of bonds, borrowing, fund raisers and solicitation of donations, and/or sale or lease of non-incoming assets

§ Overall conclusion is that we need an orderly plan for the future to provide for an improved community and our aging infrastructure. It will require additional steps for finances.