The Pines HOA

Summary of Expenses for Dam Work

Sep 11, 2009

Summary of Expenses for Dam Work

Tree Removal $19,675.00
Silt Fence' $ 970.00
Initial Sod Work* $ 7,560.00
Dirt Work** $24,000.00
Spillway Repair*** $18,380.64
Grand Total $70,585.54

* See Initial Bid received by Warr Acres, December 16, 2008. Joint project between Warr Acres and The Pines HOA.

** See first Cimarron bid dated July 15, 2009

*** See second Cimarron bid dated July 15, 2009

Total Due to Cimarron $70,585.54

Funds available from our Escrow Account (to be paid upon receipt of invoice) $31,000.00

Balance to be paid out over time. $39,585.54

FYI for all Homeowners:
We currently have about $20,000 in the bank, so we are well on our way to getting this paid off, if we can collect current dues and assessments.