For the Purpose of:
1. Approval of Minutes of March 14 and May 27, 2005 Special Meetings
2. Approval of Fiscal 2005 Financial Statement.
3. Committee Reports.
4. Approval of Fiscal 2006 Budget. (Special service charge $250/property vs. $200 in Fiscal 2005)
5. Election of Commissioner for Three (3) Year Term. Candidate: Jerry Heine
6. Approval of Amendments to NLMD By-Laws to bring them up-to-date with current State Statutes.
7. Other Business.
8. Adjourn.

Upon adjournment of the Annual Meeting, the commissioners will meet for the purpose of electing officers.

FISCAL 2006 BUDGET SUMMARY

Total Receipts $61,500
Total Disbursements $167,400
Receipts in Excess of (Less than) Disbursements. <$105,900>
Cash Balance June 31, 2005 $112,632
Estimated Cash Balance June 31, 2006 $6,732

Copies of the minutes of the March 14 and May 27, 2005 Special Meetings, a detailed 2006 Budget, Fiscal 2005 Financial Statement and Proposed Amendments to NLMD By-Laws will be available for viewing after August 1, 20005 at the Merton Town Hall and the Chenequa Village Hall. Copies will also be available at the Annual Meeting.

IMPORTANT MAILING NOTIFICATION-Al l North Lake Management District (NLMD) correspondence is delivered (whether by hand or U.S. Mail) to the mailing address that the property owner has registered with the Town of Merton and/or the Village of Chenequa for the purpose of receiving tax bills. By doing so, NLMD duly fulfills its obligation of proper notice.

Property owners are asked to convey the meeting notices and pertinent information contained in any NLMD correspondence to tenants, dependents over 18, or adults who reside at the property and are eligible to vote in federal and state elections.

NLMD does not have the records of winter and summer mailing addresses and/or on and off lake addresses. The property owner has the responsibility of having mail forwarded to another address.