OCT 29, 2009

Letter from Interim CHPOA Board of Directors

Cumberland Harbour Property Owners,

The Cumberland Harbour Property Owners' Association (CHPOA) Interim Board will be mailing the following information in a letter to all property owners in Cumberland Harbour. Because we are excited to let everyone know the Interim Board's plans for the next few months, we decided to post the letter on Harbour Lights as well as on the Cumberland Harbour property owners’ forum on yahoo groups at and http://groups.yahoo.com/group/CHLotOwners on the CHPOA website, at http://www.cumberlandharbour-poa.org/. The Board will have its first official meeting this Friday, Oct. 30th, by conference call. We will post the Minutes of that meeting on Harbour Lights as well as the websites listed above, as soon as possible after that meeting.


Dear Cumberland Harbour Property Owner,

An Interim Board of Directors for the Cumberland Harbour Property Owners' Association (CHPOA) has been appointed by S. Mark Rogers, the newly assigned Administrative Officer of Point Peter, LLLP. This Interim CHPOA Board ofDirectors will serve until there is a sale of Point Peter, LLLP's property to a new developer, or there is a dismissal of Point Peter's bankruptcy case. The Interim Board will aid in the transition of any sale of the property to a new developer. After any sale to a new developer, this Interim Board would only continue to serve at the new developer's discretion.

Following are the members of the Interim Board and their positions:

Paul Gommo, President
Paul and his wife Joni own Lot 1080. Paul Gommo is President of an Atlanta-based small business that sells and services mission critical powersystems. Paul has over 30 years of business management experience. He and hiswife Joni plan to begin building their home at Cumberland Harbour within threeto five years.

David Cohen, Vice President
David and his wife Judith own Lot 248. David is the business manager for ImageInterpretations, Inc., a medical practice. David is also the President of the River Terrace Homeowners' Association in Roswell, Georgia.

Bernard (Bernie) Huber, Treasurer
Bernie and his wife Mary own Lot 254. Cumberland Harbour has been their primary residence for the past three years. They are retired and volunteer much oftheir time with the National Park Service.

Michelle Deis, Secretary
Michelle and her husband Dave own Lot 69 and Lot 910. Michelle and Dave are in the planning process of building a home on Lot 69, where they plan to semi-retire. Michelle is an attorney specializing in copyright law and she and her husband live in a suburb of Columbus, Ohio.

Helen Ownby, Meeting Parliamentarian
Helen and her husband Dennis own Lot 28 and Lot 442. Helen and Dennis are in the finishing phases of building a home on Lot 442 where they plan to retire. Helen is a retired microbiologist who managed federal contracts at the AmericanRed Cross in Detroit. She and her husband live in Evans, Georgia.

The Interim Board will be meeting almost weekly over the next few months (either by conference call or in person) to aid in the transition to any new developer, to respond to property owners' submitted questions, and to put in action the following agenda.

1. Review CHPOA management, maintenance, landscaping, insurance, and other contracts and choose to either continue such contracts or research and enact alternative contracts with the same or new contractors.

2. Secure an independent Georgia licensed CPA to audit all CHPOA accounting records to gain an understanding of past accounting practices and to streamline and set forth a new budget for the CHPOA.

3. Once the audit has been completed and a new budget determined, then a CHPOA Annual Meeting date will be set. The Interim Board is planning this Annual Meeting to be within 90 days after the close of the CHPOA's fiscal year (endingDecember 31, 2009) per the CHPOA Bylaws. The Interim Board will open discussions with any new developer to initiate an election of a new CHPOA Boardof Directors at this Annual Meeting.

4. Audit the CHPOA lot owner assessment records to determine whether all property owners and builders owning lots are current in the payment of theirCHPOA assessments per the Bylaws. Action will be taken to collect overdue CHPOAassessments.

5. Review the usage policies for the common areas for social gatherings by both Cumberland Harbour property owners and outside entities, and revise these policies as necessary to maintain the facilities.

6. Maintain discussions with the City of St. Marys and work with any new developer regarding the enforcement of the bonds for the construction of the incomplete infrastructure (roads and utilities) to move such constructionforward.

7. Communicate frequently with the property owners through a community website and answer specific property owner questions by email or phone conversations. Minutes of all Interim Board meetings will be posted on this website, once thewebsite is established.

8. Provide all owners with a community directory of property owners' contact information for property owners who wish to be listed in the directory. (The Board will be mailing such a request for contact information with this letter to property owners, so that a directory will be available by the Annual Meeting date.)

The Interim Board is open to any suggestions by property owners for other agenda items. Property owner questions during this interim period will be answered by the Board each time the Board meets (which will be almost weekly over the nextfew months). The Board will then respond to the property owner by email orphone. Please email any questions to the interim Board at cumberlandharbourowners@yahoo.com .

Additionally, any property owner who has an area of expertise or interest and would like to volunteer for a CHPOA committee assignment or other work that needs to be completed by the CHPOA, please contact the Board at the email listedabove to discuss how you would like to help.

The Interim Board looks forward to serving the best interests and needs of the property owners. All Interim CHPOA Board members are Cumberland Harbour property owners who have no affiliation with the former Land Resource, LLC or Point Peter, LLLP. The Interim Board will be working hard over the next few months to make Cumberland Harbour a showplace community.

Thank you for your support,
The CHPOA Interim Board Members