CLPOC Board & Community           July 6, 2004
Subject: Michael Fleming

On June 30th, 2004 I announced my resignation from the Finance Committee. I would like to offer an explanation.

First of all, and foremost, I disagree with the action the board took in this situation. The letter issued by the board June 26th offered no plausible explanation. What, indeed, is this so called "NEW DIRECTION"? I guess it follows that if under Michael we moved forward and upward, that the new direction is backward and downward! If a reasonable cause exists I believe the community is due an explanation to justify the spending of approximately $100 thousand dollars.

Secondly, where is the data that shows Michael is not well thought of by the MAJORITY of Canadian Lakers. I believe that if you would poll the community you would find the MAJORITY find Michael to be an excellent General Manager and that he could continue to be effective in his position. He has also contributed greatly to relations between the CLPOC & the Development Co. He has also been pro-active in improving our relationships with the surrounding communities.

Did the board review Michael’s performance reviews from previous board’s? I believe, I know, that they would find that he was rated extremely well by all.

I would also like to present a few facts about the financial results during Michael’s Tenure.

• Capital Reserve Replacement Fund increased by $168 thousand dollars
• Long term Debt was reduced by $506 thousand dollars
• Fixed Assets increased by $1701 thousand dollars
• Budget was met each year
• The only increase to Property Owners was the Cost of Living on the Assessment. ( Maximum payment by property owners is approximately $30 per month - less than most pay for TV or a cell phone.)

In closing I again believe the board did not act responsibly and if the barn door is not completely closed, lets rehire Michael.

Sincerely,

Dick Treharne

Ron Emerson
Ron@clpoc.org (Ron@CLPOC.org)