Budget and HOA Dues for 2014

PEMBROOK WOODS HOMEOWNERS ASSOCIATION, INC.

December 2, 2013

Dear Pembrook Woods Homeowner,

Enclosed is the Approved Budget for 2014. This budget provides for the Annual Assessment to remain at $271.00. The annual assessment will enable the Association to provide landscaping and snow removal services to the common areas and fund the reserve accounts.

You will receive a billing notice for the payment of your Annual Assessment in December 2013. Your assessment is due on the first (1st) of January, 2014 and late if not received and processed by February 28th, 2014. A one- time late fee of $10.00 and interest of 1.5% will be charged to your account if your assessment is not paid and processed by February 28th, 2014.

You may access the Budget and other community information at www.pembrookwoods.com.

Sincerely,

Elizabeth Betancourt

Elizabeth Betancourt, CMCA®, AMS®

Community Manager

For the Board of Directors

Clagett Management 7540 North Market Street, Frederick MD 21701-5331

* 301-695-6676 * * 1-800-339-6676 * FAX 301-695-9557 e-mail: ebetancourt@clagett.com