Lake House Agreements

March 2006

Purpose:

The purpose of these agreements is to establish clear and fair procedures for the enjoyment and pleasure of the siblings (Ted, Donna, Connie and Chris) who, as Art and Marie desired, will share equally in the use and ownership of the lake cabin located on XXX. Terms and procedures were discussed and agreed upon in November, 2005.

Goals:

To establish guidelines that are understood by all, in creating an equitable timesharing policy for scheduling, maintaining and using the cabin.

To establish house rules for routine use of the cabin.

To establish procedures for rotating the administrative/financial responsibilities and coordinating special projects necessary to sustain/maintain the cabin.

Agreements:

I. EFFECTIVE DATE
That these agreements become effective on 1 April, 2006.


II: RULES AND GUESTS
That the attacked house rules will be respected and honored by those enjoying the cabin. And that any dependent or guest using the cabin, will be bound by these rules. The responsibility of insuring the rules are complied with, rest with the four principle sibling who offers their week to someone else to use in their absence


III. MAID SERVICE
Maid service will be required after each visit to the cabin. Upon leaving the cabin, it is the responsibility of the departing sibling (guest) to contact the maid service and leave appropriate compensation for the service. The service will change with time but standards will be maintained to insure cleanliness is standardized for the pleasure of the next group coming to enjoy the cabin. Maid service will begin once all remodeling has been completed.


IV. REDECORATING
Remodeling, redecorating, refurbishing or changing/adding/deleting furnishing, basic floor plan, or external fixtures should be agreed upon in advance by all of the siblings. For small changes a simple phone calf will do. For major changes, a group discussion is preferred. It is agreed that we will jointly assume the responsibility of an equity loan to remodel, repair and upgrade the cabin. A line of credit will be used for the project Connie will be designated the lead for the project and will be responsible for relating our desires to Robbie who will be our general contractor.


V. SCHEDULE
(a) That the attached schedule for using the cabin will begin on 1-January, 2006. And will continue in the same sequence once it ends, unless agreed upon by the signatories below.

b) A number will designate weeks available for use. (Example.- If Connie draws #2, she can plan on using the cabin each time the #2 shows up on the schedule).

c) Should one sibling want to trade his/her week for another date, coordination for the desired dates should be arranged directly with the sibling having the desired week The week being traded will result in a one-for-one week trade between the two siblings and will not after the published schedule other than the two weeks being traded.

d) At any time should Mom wants access to the cabin: she has priority to use the desired week without question. No special dates or schedule adjustment will be given to the sibling offering his or her week for Mom’s use.


VI. GARAGE USE
1. The garage was built by Ted. It is available for use by family members on a space available basis. As a courtesy, please keep him informed as to any long-term usage plans. Since he has never asked for rent or compensation for garage space, it may be necessary to ask other members to vacate the garage if he needs more space for a new boat
2. As of this agreement, there is no “family boot”. The 18 footer will be donated to a charity. Any sibling or family member who wants a boat or jet-ski will do so on their own. Storage will be up to those who purchase a boat or jet-ski. If additional construction of a sheltered facility on the property is desired by a sibling, agreement must be made by all four siblings prior to any addition to the property.

VII. ADMINISTRATIVE
Rotating administrative responsibilities for the financial management of the cabin. Term of service will be two years. The responsibilities include:
(1) Managing the check book.
(2) Overseeing the schedule
(3) Coordinating special projects for maintenance, painting, remodeling, emergency repairs, special events and major repairs or purchases necessary to sustain and maintain the cabin.


Agreed to on 1-April-2006 by the siblings, schedule for the CABIN (2006-2007)

The following schedule is provided for planning trips to the lake. The following numbers correspond to the specific weeks the cabin is available for individual/family use:

1. TED
2. CONNIE
3. DONNA
4. CHRIS

A week is defined as beginning on Wednesday afternoon and ending on the following Wednesday morning. The family departing will insure the cabin is left clean and maid service has been coordinated and paid for so as the next group will be able to arrive and 'immediately' enjoy the facilities without having to spend their time cleaning the cabin.

Memorial Day weekend, 4th of July weekend, Labor Day weekend and Thanksgiving weekends will be assigned per agreement. These dates will be in exception of the normal 1-4 sequence and will ensure each sibling has one of the long weekends listed each year.

NOTE: Since the cabin is in a period of remodeling, the 2006 schedule, will not go into affect until the construction, remodeling and repairs are completed. While work is in progress, use of the cabin is open to anyone who wants to stay there and participate in the work scope. Once Robbie has finished, we will pick up on the schedule below.