Chisholm Creek Commercial Assn Inc

“Dan ward, tyler ward and whitney rainbolt have a family relationship.”

“The association is a membership (non-stock) organization with two classes of voting membership: (1) class a members - all owners of "units" (any portion of the properties subject to the cc&rs of chisholm creek) with the exception of the declarant. (2) class b member - the declarant (silver creek, llc). The class b member has the exclusive right to elect each member of the association's board of directors during the "class b control period." the class b membership shall terminate and be converted to class a membership upon the earlier of (i) one year after the expiration of the class b control period, or (ii) when the declarant so declares in a recorded instrument.”

“During the "class b control period" (as defined in section 1.08 of the declaration of covenants, conditions & restrictions for chisholm creek; the "declaration"), the sole class b member (silver creek, llc) has the exclusive right to elect or appoint each member of the board or directors. Following the expiration/termination of the "class b control period", directors shall be elected by majority vote of the association members.”

“During the "class b control period", the class b member has the exclusive right to remove any of the directors with or without cause (section 3.5 of bylaws). In addition, pursuant to section 13.02(a) of the declaration: "so long as the class "b" membership exists, the declarant may unilaterally amend the declaration for any purpose, provided the amendment has no material adverse effect upon any right of any owner/member "”

“No committees are authorized to act on behalf of the board.”

“The form 990 is provided to the board for review prior to being filed.”

“The association does not compensate any officers or directors”

“Documents are made available upon request.”

“Business promotion: program service expenses 60,846. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,846. Grounds maintenance contract: program service expenses 59,828. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,828.”