Samara Paice 0

Proposal for River Strand Regulation Changes

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We, the undersigned, are requesting modifications to our governing documents as follows:

Declaration of Covenants Article 4.3 Golf Common Areas, states "The Club shall have, without limitation, the following powers: To allow public use of the golf course and clubhouse until control of the Club has been transferred to owners other than the Developer."

1. At this time the BoD is owner controlled and we want our Club to become a private, member only club as promised to us upon purchasing our property.

The Declaration of Covenants, By-Laws, and Rules and Regulations documents put severe and plentiful restrictions on owners of property but allow investors to subject our community to unscreened tenants on a regular basis, twelve (12) times per year per property in accordance with Article 10.29. Upon rental transfer these tenants are considered "members" of our club but do not hold legal title to property in River Strand.

2. It is requested that Article 5.2, Classes of Membership, of our Declaration of Covenants, be modified to add a separate and distinguishable category for "tenants" which will convey the benefits of the member to the tenant upon transfer fee and lease application approval. However, these benefits may have limitations such as not being allowed attendance at meetings pertinent to home ownership, no voting rights on matters pertinent to home ownership, playing in a separate division in our Club Championship tournaments for tenants, as well as other items deemed to be appropriately limited to owner-member only by our Board of Directors.

It is very important to us that lot owners as provided in Declaration of Covenants Article 1.23 be provided some benefit over and above what a short term tenant is currently receiving via a $200 transfer fee.

We encourage the Board to remember all owners who live in the community, contribute to the community, make our community a better place to live, and act accordingly.

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