Sept 28th, 2009 Update

The Board of Directors is presently working out the final details of the language of the Loan Documents, and the Contracts with Eggert Strand Hunt Construction and Morrison Hershfield, using the recommendations of the Association's attorney and our judgements about what keeps the community's interests in mind in a legal sense and in our interest to move ahead with the project. While the changes and issues raised during discussions with the Attorney have been inconvenient as they have delayed signing our agreements, they are leaving us in a stronger position with documents that accurately reflect our expectations and goals, while protecting our shared assets, our homes. All loan terms remain unchanged and the project cost remains unchanged. It has simply been the start of construction which has been delayed. We have recently made payment for our building permits as well as secured access for construction materials/equipment on the trail side of the community rom King County, in an effort to reduce the parking impact for all of us. Lastly, the color committee hopes to have specific recommendations for the Board within a week. Once received we can schedule an information meeting to coincide with the construction meeting to present these color schemes for community input. Everyone is anxious to begin and remains committed to getting it right.