2011 EXPLANATION OF THE DUES

The Board of Directors of the WML Property Owners Association, Inc. at its meeting held on November17, 2010 approved the FULL MEMBERSHIP, LOT OWNERS DUES, and all other membership dues and fees, for 2011 as detailed below.

1. FULL MEMBERSHIP

Dues for a full membership shall be the sum of $575.00 for the year of 2011. This full membership shall cover the homeowner and members of their immediate family as defined by the WML constitution and the administrative guidelines.  Full membership entitles the homeowner and his family to all the rights and privileges to use the Common Properties of the Association. Upon payment of full membership dues, the homeowner in good standing shall receive identification badges for the homeowner and members of their immediate family. These badges allow the members access to the Common Properties. Full membership shall also entitle every member in good standing to participation in all POA sponsored sports and activities. In addition, they are entitled to use of all Country Club facilities including, but not limited to, Camp, Pre-School, Instructional Classes and Social Functions. Full membership shall also entitle every member in good standing to receive the prescribed number of Guest Passes (30 passes) for the 2011 Season, good for the beaches and other facilities, to be used by NON-RESIDENT GUESTS ONLY. Full membership includes the right to vote and serve on the Board of Directors.

2. ASSOCIATE MEMBERSHIP

All other persons other than the immediate family habitually residing in the household of the member may be eligible for an associate membership for the sum of $143.75 per person, including adults and children, for the year 2011. Associate members shall have all rights of a full membership except that of attending constitutionally prescribed meetings, voting, the right to hold office and shall not receive the free guest passes.

3. LOT OWNER MEMBERSHIP

A lot owner shall be given a lot owner membership upon payment of his lot owner dues of $143.75 and shall receive identification badges for the lot owner and members of their immediate family. This membership entitles the lot owner to use of the Common Properties only.

Lot owners in good standing who shall elect to pay the full homeowners dues, in lieu of the lot owners dues, shall be entitled to full membership privileges as defined above in the year in which such full homeowners dues shall be paid.

4. RENTEE MEMBERSHIP

Homeowners in good standing may be permitted to rent their homes with Association privileges. These privileges with reference to the Common Properties of the Association as enjoyed under full membership are given upon payment of a rentee fee of $575.00. Guest badges will be issued to the rentee ONLY, upon payment of the rentee fee. The property owner of the rented property will receive badges for their immediate family but NO GUEST PASSES. Rentees who are lot owners are subject to the Rentee fee mentioned above, unless they shall elect to pay full homeowners dues in lieu of lot owners dues.

5. JOINT OWNERSHIP

Where a home (dwelling unit) is owned by more than one family (family units), only one of the owners of record must become a FULL MEMBER and shall have all the rights of a FULL MEMBERSHIP including attendance at meetings, voting and office holding in the Association. The other owner or owners shall be eligible for an ASSOCIATE MEMBERSHIP as defined above upon payment of the proper dues.

6. PURCHASE OF GUEST PRIVILEGES

Members in good standing may purchase additional guest passes for the use of the Common Properties of the Association to be used by NON-RESIDENT GUESTS. Guest passes good for the entire day may be obtained for the sum of $2.00 each. Passes will be available for purchase at the office in the Clubhouse upon presentation of the proper credentials.

7. A member’s 2010 (or prior year) badge

Will be used for 2011. A pressurized sticker will be applied to the badge.

8. BADGES

No member of the Association shall be entitled to receive more that one set of identification badges. Retakes for lost badges will be made at a cost of $2.00 per person, not to exceed $5.00 per family. Any member presenting a prior year’s badge that is not considered to be satisfactory for 2011 use will be issued a new badge at no charge.

9. NON-MEMBER RESIDENT FEE

Homeowners in good standing renting their homes for the period of September 15th through May 15th, may obtain Associate privileges for rentees. These privileges with reference to the Common Properties shall enable the rentee and his immediate family as defined above to the use of the Common Properties of the Association upon payment of NON-RESIDENT FEE of $143.75 with no guest privileges.

10. REGISTRATION FEE

One-time fee of $100.00 to new homeowners in White Meadow Lake . The money collected covers the processing of paperwork and the transfer of the stock certificate.

11. OWNERSHIP OF MORE THAN ONE PROPERTY BY A MEMBER

Dues must be paid by all property owners in White Meadow Lake . Members who own more than one house in White Meadow Lake , live in one residence within White Meadow Lake and are in good standing, are obligated to pay full dues for each of the other properties. In the event these other homes are rented, the rentee is granted Rentee Membership privileges, without any fee, as defined under Associate Membership.

12. EQUALIZATION FUND FEE

Effective July 1, 2002, when a home is constructed or an existing home is purchased, a property owner pay a one-time Equalization Fund Fee of $500.00. The money collected due to this assessment is put into a separate fund and is used for Capital Improvements of the Common Properties. This is exclusive of the $100.00 registration fee described above. Current homeowners who purchase a new home within White Meadow Lake are not assessed this equalization fee providing the purchase is made within one year.

13. DUES COLLECTION

All fees both legal and processing incurred in the collection of dues or the processing of liens, will be the responsibility of the Homeowner and will be added to the amount due.

11. OWNERSHIP OF MORE THAN 1 PROPERTY BY A MEMBER - Dues must be paid by all property owners in White Meadow Lake . Members who own more than one house in White Meadow Lake , live in one residence within White Meadow Lake