Developer Meeting Notes

Good Morning Bella Terra Homeowners,

The Liaison Committee members met with Rocky (Bella Terra Developer) yesterday evening down at the clubhouse.

The goal of the meeting was to determine when he will hand over the HOA to the residents of Bella Terra.  In short, he is ready for us to take control as soon as a neighborhood meeting is scheduled.  The meeting will take place after the road repairs have been completed (currently scheduled for September 30th).

Rocky will work with Neighborhoods Plus (Bella Terra Management Company) to send out communication to all homeowners with the Date, Time and Place of the homeowner meeting.  Once the meeting has taken place, Rocky will appoint his replacement as president of the HOA and then resign his position.

As for the roads, the repairs taking place this month are all that are scheduled.  The top priority for the HOA will be to develop a plan for long term repairs to our roads.  Obviously, construction is taking a big toll on our roads, especially Bella Terra Way and Rivanna.  Rocky estimates that all remaining lots will be developed and sold by the end of next year (phase 2 complete by March 2014).

We expect the homeowner meeting to occur within the next couple of months and are happy to answer any questions we can at the meeting.

Thank You

Bella Terra Liaison Committee