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Information on Process: <br />Once the Park construction began, due to the Pratt Homes Park Dedication, the HOA <br />board began talking about some option to get a play structure/court in. We had gone thru <br />numerous meetings and discussed the possibilities of co -partnering with the City of Hugo. <br />We, as the HOA Board had gone thru the following steps to ensure that the Board could <br />legally do this, that we had transparency with the Homeowners and if approved by the <br />City, could have the Park completed by summer of 2016. <br />1. The HOA Board met on October 6, 2015 and had a unanimous Board vote of YES <br />to propose the up to $20,000 to the City of Hugo for completion of the Park. <br />2. We had our Bi -Laws and CC&R's reviewed by legal counsel to ensure that we <br />could indeed do this. <br />3. We had this contribution review by the Fable Hill HOA's Tax advisors to ensure no <br />tax ramification would be incurred. <br />4. We made the initial proposal to the Parks and Recreation Committee on October <br />14, 2015 which resulted in a desirable interest to pursue this project <br />5. We put this Proposal to the Homeowners of Fable Hill for a vote and held two <br />meetings to discuss. At these meetings we discussed where the monies were <br />coming from, ideas about what would go in the park, reviewed financials, etc. The <br />Homeowners were given 30 days to ask questions, review financials, and <br />communicate any concerns and opinions. <br />The first meeting was held on October 29, 2015 at our HOA Annual <br />Meeting. <br />The second on November 18, 2015, the formally called Special Meeting. <br />The vote was as follows: 42 YES, 7 NO and 12 abstained. Resulting <br />in Homeowner approval to move forward with this proposal. <br />We have been fortunate with Pratt Homes completing their Park Dedication and funding <br />the additional monies to bring the Park to the level it is now. We believe that adding a <br />play structure and sports court will not only bring additional value to Hugo as a whole but <br />to Fable Hill as well as by attracting families wanting to move to the Hugo area and <br />continue to grow within the community. <br />Thank you, in advance for your time spent on this project. We look forward to working <br />with you. <br />Bridget Kamas, <br />Vice President <br />Fable Hill HOA Board <br />Fable Hill Home Owners' Association Meeting Summary <br />Board of Directors <br />