Congratulations, the siding replacement project is just about to begin. The Board of
Directors have contracted for the replacement of the cedar siding on all the buildings
over the next several years.

Work will begin within the next couple weeks for the replacement of siding on the
first (8) eight buildings. Months of research have gone into this project and the
Board of Directors hopes that everyone will take a minute to inspect the buildings
on the southern most part of the property. These buildings are the first one
scheduled to be sided.

Your comments are always welcome and appreciated. The siding selected is a steel
siding that carries a 50 year warranty.

The Board of Directrors is commited to preserving, protecting and enhancing your
real estate investment dollars here at Centaur Village West.

If you have any questions, please contact Mark T. Fulcher, CMCA at the
Management office.

Thank you for your suppot in the next several months. We are sure the end results
will be well worth the minor inconvience to us all.

Sincerely,

Centaur Village West Board of Directors


By Mark T. Fulcher