Notice is hereby given that the Board of Directors of Deerhaven Water Control and Improvement District will hold a special meeting on Friday, January 27, 2012, at 4:30 P.M., at the Blue Lake Clubhouse, 214 W. Bluebonnet Road, Horseshoe Bay, Llano County, Texas a regular meeting place of the Board.   The meeting will be held for the following purposes:

1. Approve minutes of January 6, 2012 Board meeting.

2. Approve payment of bills and invoices.

3. Discuss Financial Report.

4. Approve renewal and payment of premium for Director & Officers Liability Ins. & Surety Bond.

5. Discuss/approve Tom Pollan Engagement Letter.

6. Discuss and approve/not approve any changes requested by the POA to the contract provided by the
WCID to implement the Financing Plan previously approved by the POA representatives. Discuss any
changes not approved and agree on next steps.

7. Discuss/approve mailing an advisory to all property owners about our general election date in May. This
would also include an advisory as to the availability of the Water System Financing Plan on the website.

8. Discuss issue of possibly deferring election until November. If so, discuss the need to change our
general election date and extend the current Board terms. This would be driven by the POA’s actions
and any other complications such as the need to complete a new contract with Horseshoe Bay to support
the bond issue.

9. Discuss fire truck sale status.

10. Review steps necessary to prepare for May election (Tom Armagost)

11. Such other matters to come before the Board.

12. Adjourn.

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