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Oakbend Add/FP-CS 920129January 29, 1992 Mr. Dale Jackson City of CoDpell P.O. Box 478 CopDell, Texas 75019 RE: Oakbend Addition Homeowners' Association Dear Dale: Per you request, this letter is to clarify that Centex is currently in the process of establishing a homeowners' association in the Oakbend Addition for the purpose of providing maintenance of the common areas around the subdivision. We anticipate that this process will take 3 to 4 weeks to complete all of the legal documents. As of February 1, potential buyers in the subdlviszon will be informed of the requirement to ~oin the Association. Previous buyers in the subdivision will be given the option of ~oining the Association; however, membership will be mandatory for all purchasers who contract for homes after February 1. Centex will continue to have responsiblity for the maintenance of the screening fences and common areas until such time as the Associate. on iS in place and capable of taking over the maintenance responsibilities. Thank-you for your patience on this matter as I realize that you have been awaitin~ a response on this issue for several weeks. I will try to keep you informed of the progress of the formation of the Association as the paperwork ~s completed. In the meantime, if ' you have any ~urther questions, please feel free to call me directly at 221-5556. Sincerely, ~4~x REAL ESTATE CORPORATION Derek E. Earle, i:,.I~. Land Development Iqana~er Dallas North cc: Bill Allen DEE/s 1660 S. Stemmons Frwy., Suite 150 / tewisville, Texas 75067 / 214-221-5556