"WHEREAS, Article V, Section 3 of the Declaration of Covenants, Conditions
and Restrictions ("Declaration") permits an increase in the maximum annual
assessment by an affirmative vote of more than 2/3 of the association members
present or by proxy at a duly called meeting at which a quorum of at least
60% of the members are present or represented by proxy; THEREFORE, at a duly
convened meeting held on April 29, 2005, at which a quorum of over 60% of
the members were present or represented by proxy, by a vote of 175 to 30
in favor, the maximum annual assessment is raised to Two Hundred Fifty and
no/100 Dollars ($250.00) per lot, effective January 1, 2006."