Amendments to Restrictive Covenants EPP Blocks 1-8(Phase 1)

-----------------  Amendments Overview  ------------------

• Change date covenants can  be changed or vacated from November 7th, 2007 to March 2012

• Remove requirement that 60% of lot owners must approve an amendment

----------------------------------------------------------

-----------------  Amendments Overview  ------------------

• Section IV(A,B,D) - Change "structures" to "principal residence" 

• Section IV(K) - Add basketball goal and storage building restrictions

• Section IV- Add on-street parking restrictions

• Section V  -Add power and authority to HOA to establish penalties and fines

----------------------------------------------------------