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that examples could be helpful to get more people on board to support the conversion, but the lack of information is not helping. Ms. Forbath mentioned that she can give examples of what others are paying for homeowner dues and also a wide range of lot costs. She noted that this information has not gone out because the owner has agreed to not begin this process for ten years. She mentioned a few lot costs for different areas in California and stated that there are a wide range of prices and she could not predict what the cost will be in ten years. She stated examples of dues ranging from $68 to $220 and everywhere in- between. She noted that if 51% of the renters decide to buy within the first year, they will assume the current owner's property tax base and that could be a significant savings. A member of the audience stated that the people who have manufactured homes are paying property taxes now. Linda, space 155, stated that she called Gilchrist Rutter and asked what an estimated appraisal would be at this time, knowing it would be different in ten years. She also called Mr. Roush enquiring the same thing. She stated she has not received a call back from either one. She stated that there is total lack of communication. She mentioned that many people in the park are on a fixed income and they would like to get some kind of estimate to what it would cost now. Mr. Roush apologized for not getting back to Linda and stated that he prides himself on returning phone calls in a timely manner. He stated that he argued with the Gilchrist Rutter about getting an appraisal done at this time. He mentioned that an appraisal now is probably very irrelevant for what the lots will sell for in ten years, but that information would be helpful in terms of who would support the conversion. He stated he tried to get that information included in the application process, but he could not require the owner to do so. Mr. Roush stated he would ask that they reconsider and include this information, even though it would be quite different in ten years. Bill Fritsch mentioned that it was rumored that lots could possibly be in the $200,000s. A member of the audience asked if he could live there forever and not do anything different. He stated that in ten years nothing would change unless you decided to buy. He mentioned that even if the conversion goes through, people do not have to buy the land. Ms. Forbath stated that the rent structure would likely change in 10 years. A member of the audience noted that if someone passes away, he would not want to pay $100,000 or $190, 000. As a newcomer I don't want to pay $100,000 or $190,000 our beneficiary would have a problem selling our unit Ms. Forbath explained that the residents are under no obligation to buy and that they can rent for the rest of their life. She mentioned that the rent structure would change. Minutes: PMCC -2 Page 3 January 9, 2009