OFFICIAL NOTICE OF THE PROPOSED AMENDED BYLAWS TO THE TOWNES OF REMINGTON POINTE CONDOMINIUM ASSOCIATIONS BYLAWS.

Existing: Article II - Members

*Change: Article II Section 2 (a) add at the end: In the event that errors are found and/or demonstrated in the recorded Exhibit C,, the members of the association may propose and vote to employ an alternative percentage value determined to be equitably fair and adopted by the majority of homeowners voting in person or by proxy, where at least a quorum of votes are cast, by secret ballot or show of hands provided no more than one vote per unit is cast, on any issues that the members have the right to vote, and in compliance with any applicable laws. The conditional voting percentage alternative is only valid for the business(es) at hand at that meeting and is equally binding, until a formal amendment to the Declaration with a corrected Exhibit C can be filed. Existing: Article III - Meetings of Members

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

*Change: Article III Section 1 Annual Meeting. - add at the end: (a) After the initial turnover, all subsequent Annual meetings of the members shall occur within 5 days of the original turnover date. (b) At any meeting of the Members with a quorum present, any member can present a motion to put a vote the replacement of the generally authorized Chair in favor of an alternate Chair Person, or the default Vice President, if they believe it is in the best interest of the Association. If the motion is seconded, the Association shall give the members the opportunity to vote by one vote per unit, by show of hands, by ballot or any other generally acceptable means. A majority vote can also nominate and designate whomever they fee should Chair the meeting. Existing: Article III Meeting of Members

*Change: Article III Section 2. Special Meetings. add at the end: and be responsible for submitting notice and copies to any members not living on the premises, as noted in the Association records. Existing: Article III - Meeting of Members

*Change: Omit at 8:00 P.M. Article III Section 3. Place and Time of Meeting. All meetings of the members shall take place in some section of the Property designated by the person or persons calling the meeting, or at such other reasonable place or time designated by the Board or the person or persons calling the meeting. Existing: Article III Meeting of Members

*Change: Article III Section 5. Quorum. add at the end. On any matters that a member of the Association is allowed to vote can be conducted by electronic means or mail, in compliance with recently outlined Illinois law, provided that the matter is given notice of more than ten (10) days; the voting remain open for at least five (5) days, and the votes cast and duly witnessed by a Board Member and by a signed affidavit and constitutes a binding majority vote, or any percentage as is otherwise specified herein, Section 7.

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

Existing: Article IV Board of Directors

*Change: Article IV Board of Directors Section 2. Number, Tenure and Qualifications. add before the final sentence:` The elected Board members should provide by posting or mailing a brief resume style outline of at least 3 current and past employers and shall include some educational background within 30 days of being elected. Any discovery of undisclosed past criminal history may disqualify an officer from remaining on the board. Existing: Article IV Board of Directors

*Change: Article IV Board of Directors Section 6 Notice - in second sentence: Written notice of regular meetings of the board replace at least 48 hours prior with At least 10 days prior PLUS add at the end and the full agenda shall be posted in a conspicuous spot at the location site of the meeting at least 24 hours prior.

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

Existing: Article IV Board of Directors

*Change: Article IV Board of Directors Section 8. Manner of Acting. add at the end. (a) All discussions and decisions on business before the board is to occur in a properly announced open meeting, or in a manner consistent with state statutes, before voting to ratify any actionable decisions. (b) In the event of an emergency, i.e. risks of personal injury, property loss and natural disasters, the board will develop, adopt and follow a standard operating procedure that the first board member that becomes aware of the situation shall follow and execute, which shall include; (i) Contacting any necessary emergency numbers, or agencies, etc. (ii) Contacting and immediately informing all of the other board members, and the managing agent. (iii) Taking any reasonable measures to ensure the safety and well being of its members. Existing: Article IV Board of Directors

*Change: Article IV Board of Directors Section 11 Adoption of Rules and Regulations. replace the last sentence to read: Such rules and regulations shall be effective sixty (60) days after their adoption, provided that the members may veto the rules and regulations in whole or in part at any time with proper given notice as stated in Article III Section 4 by a member vote to reject any component(s) with 66 2/3 percent of those voting to reject where a quorum of votes are cast. Existing: Article IV Board of Directors

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

*Change: Article IV Board of Directors Section 12 Open Meetings. Change intro toAll meetings of the Board, whether regular or special, shall be open to the members of the Association, and their tenants, guests or agents, except for meetings: at the end add: Notice to the Associations members prior to executing any contracts or entering any commitments valued over $1000 on behalf of the association shall be given at least 20 days before ratifying at an open meeting, and members shall have at least 10 days and up until the scheduled meeting to inquire, reject or contest any such commitment. If more than 40% of all the homeowners reject the expenditure within this process, the board will require a unanimous vote of the board to proceed with the contract. Existing: Article V Officers.

*Change or addition to read: Article V Officers Section 2 add to end of second sentence: within the same month Existing: Article V Officers. Section 6. Vice-President. In the absence of the President or in the event of their inability or refusal to act, the Vice-President (or in the event there be more than one Vice-President, the Vice President, in order of their election) shall perform the duties of the President, and when so acting, shall have all the powers of, and be subject to all the restrictions upon, the President. Any Vice-President shall perform such other duties as from time to time may be assigned by the President or by the Board. *Change: Article V Officers Section 6. Vice President Change first sentence to read: In the absence of the President or in the event of their inability or refusal to act, or deemed unfit to perform any specified duty by a quorum of the board or a petition of 20% of the homeowners the Vice-President (or in the event there be more than one Vice-President, the Vice President, in order of their election) shall perform the duties of the President, and when so acting, shall have all the powers of, and be subject to all the restrictions upon, the President. , Existing: Article V Officers.

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

*Change or addition to read: Article V Officers Section 8. Secretary add at the end. The secretary will also be tasked with keeping record of all minutes and decisions, and posting them in an accepted and known manner or location so that all homeowners can choose to be informed will know where to look. Existing: Article VI Powers and Duties of the Association and Board Section 1. General Duties, Power, Etc. of the Board. (after subsections a-q) Existing Conclusion:

*Change: Article VI Powers and Duties of the Association and Board. Section 1. General Duties, Power, Etc. of the board add at the end. The primary fiduciary duty due to the homeowners is to listen, and represent the voice of the majority, even if it conflicts with a board members own ideas, and to be open, respectful and honest to the members while complying with all statutes and instruments in acting on behalf of the Association in all it affairs. The principles of checks and balances, separation of powers, etc. are part of self regulation to provide controls from abuse, and create the balance. There are at least three areas for checks and balances and separation of powers that the Association may create for independent committees of the members with well defined check and balance responsibilities, such as:

Legislative Committee Responsibility for ensuring that the governing documents are kept up to date and must use best practice. Independent report to members at least annually including oversight of the board in its obligation to adhere to the law and the governing documents. Audit Committee Responsibility for reporting on the effectiveness of business practices including accounting methods and the accuracy and completeness of the financial information presented to members. Adherence to the oath of office should be one of the processes that is audited. Careful attention to the Preservation (reserve) funds is essential. The Independent report to members at least annually including oversight of the board in its obligation to use best practices and adhere to same. Violation Review Panel Responsibility for association decisions on violations with benefit of the doubt given to the owner/member. The board and/or management has the obligation to present factual information of the alleged violation. This panel prevents the board from being judge, jury and executioner.

Existing: Article VI Powers and Duties of the Association and Board Section 2. Special Powers and Duties. Existing Conclusion:

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

*Change: Article VI Powers and Duties of the Association and Board. Section 2. Special Powers and Duties add at the end. (f) The Board will evaluate and determine if a limit on the percentage of units that can be used as rental or lease property should be adopted and monitor that rental agreements comply with established standards. This power shall not affect any current owners who shall be deemed as grand fathered. (g) The Board can create committees or be obliged by the petition of 1/5 of all the homeowners. Committees should have a minimum of three and are also bound by the same open meetings, notice and other expectations provided herein: (1) (2) Advisory Committees, whose role is purely advisory, with all decisions reserved to the Board, and has no requirement that a board member be part of the committee. Decision Making Committees, to which the Board can delegate decision making authority. An architectural committee composed of members with sufficient matching background would be one example. Generally, a majority of the committee is a quorum. The committee can contain both Board Members and other persons, but at least two members of the committee must be Board Members and Board Members must constitute a majority of the committee. A committee formed by the Board relating to the verifying election, coordination, nomination, qualifications or credentials of director candidates or other tasks involved in the process of electing directors or voting on other matters may be composed entirely of non-directors and can also be authorized by 5% of the homeowners, without the expressed authorization of a Board officer, as provided in the Illinois Not for Profit Corporation Act.

(3)

Existing: Article VI Powers and Duties of the Association and Board Section 3. Authorized Expenditures. (at conclusion):

*Change: Article VI Powers and Duties of the Association and Board. Section 3. Authorized Expenditures change second to last sentence TO: There shall be no structural alterations, capital additions to, or capital improvements on, the Common Elements (other than for purposes of repairing, replacing and restoring portions of the common elements, as specified in Section 12) requiring an expenditure in excess of Ten Thousand Dollars ($10,000) without the prior approval of the majority affirmative vote of all unit owners.

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com

Existing: Article VII Contracts, Checks, Deposits, and Funds.

*Change: Article VII Section 1. Agreements, Contracts, Deeds, Leases and Vouchers. add at the end Once all provisions in the ByLaws and other instruments are satisfied, Board members will approve any payments to be made at an open meeting before they are paid, and all checks and contracts shall require the signature of at least two board members. Signing authority shall not be designated to a property manager without the unanimous consent of the Board.

RATIONALE FOR AMENDING THE BYLAWS:

The above Proposed Amended ByLaws is the culmination of the request, ideas, and suggestions of every homeowner that has contributed and the situations weve encountered and learned from in the last year. The reasons we believe it is time to update this document includes the following: To reflect our communitys needs; the existing Bylaws were adopted generically by the declarant and in his interests. To prevent any future Board from abusing its role or power. To factor in appropriate checks and balances to promote a self-regulated association that will be able to facilitate member consensus. To adjust current voting requirement figures or dollars based on the fact that so many units are currently bank owned - hence no participation can be expected from their agents, and in order to advance we need to have avenues to progress without counting on every unit being sold soon enough. To better define the expectations of our officers and on our affairs and aim for an efficiently run democratic community that complies with all corporate protocols established by the State of Illinois. To have a better grasp on our dealings and thereby reduce the costs and reliance on outside services, upholding an open policy of records. To protect and provide for our shared investment, homestead, and obligations by having more say in what is ours and what the community will determine adds value. To enable more flexibly that will add marketability.

From NFP Corp Illinois compiled statutes- adopted 2010

(805 ILCS 105/107.10) (from Ch. 32, par. 107.10)

AS Filed 2006 :
Any action that can be taken at a meeting of the members entitled to vote may now be taken by ballot without a meeting in writing by mail, e-mail, or any other electronic means pursuant to which the members entitled to vote thereon are given the opportunity to vote for or against the proposed action. Such action must receive approval by a majority of the members casting votes, or such larger number as required by the not for profit corporation act, the articles of incorporation, or the by-laws; however, the number of members casting votes must constitute a quorum, the same as if such action had been taken at a meeting. www.ksnlaw.com/assets/NewAssociationLawSummary.pdf

*NOTE: within the higher statutes it states: Of the members at a meeting ..where a quorum exists Within our own documents - there are 2 distinct wordings each clearing meaning what it says: 1) 66 2/3% of all the members at a meeting --duly called for such... AND 2) 66 2/3 % of all the members of the Association' (i.e. Bylaw Article IV, section 11)

FINAL DRAFT viewable at: www.Remingtonhomeowners.com under related header of the Town-Homes Association Discussions links

*CONSIDER THIS YOUR NOTICE OF THIS MEETING OF THE MEMBERS. AGENDA: Motion/Vote to: Adopt the Proposed Amended Bylaws Motion/Vote to: Use a level voting value until Exhibit C is corrected.
Per provisions in the Condo act, an error may be corrected by a majority vote of the unit owners at a meeting, or 2/3 of the Board of Directors and filed.

This vote will ONLY be available and offered electronically or by mailbetween the dates of July 12th and July 25th TO VOTE (if you have not already received your Ballotbin email): Leave your street address AND email at the following voicemail box: 815-385-0712 (or text) to receive your ballot. *One vote per unit and only one email per unit address will be able to vote, upon verification of ownership. 8

View the full Proposed AMENDED VERSION of The Townes at Remington Pointe BYLAWS: www.remingtonhomeowners.com