	PROPERTY OWNERS' ASSOCIATION

Board of Directors

The seven-member Board of Directors of the POA is responsible for overseeing the property and affairs of the Association.

2010-2011 BOARD OF DIRECTORS

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President - Tom Schmersahl

Tom received his BS from Southeast Missouri State following a stint in the U.S. Army including a 13-month combat tour in Vietnam. He later received his MBA from The Olin School of Business at Washington University in St. Louis MO. Tom worked in the telecommunications industry for Contel, later purchased by GTE and through merger for Verizon. Over twenty years of his career were spent as a registered lobbyist in Indiana, Missouri, Texas and Illinois. In 2003 he retired as Director of Government Affairs in Illinois for Verizon. Following a few years of contract lobbying, Tom and his wife Jackie retired to Horseshoe Bay in 2006. Term expires March 2011.

Vice President - David Pope

David received his BBA from the University of Texas in 1962 and has been a Texas CPA since 1964. He and his wife Nelda have been residents of Horseshoe Bay since 2002. David was with Ernst & Young from 1962 until 2002, serving in Houston where he was Office Managing Partner from 1977-1983. He spent 1983-1986 as Managing Partner Southeast Asia (SEA) and Member of International Management Council residing in Singapore. In 1987 and 1988 he was Managing Partner SEA and Hong Kong office and Member of International Management Council residing in Hong Kong. David next served as Senior Audit Partner in Chicago from 1989 until 2002. He is a founding director and deacon of The Bible Church of the Lakes, as well as director and treasurer of the Friendship Cemetery Association. David enjoys travel and golf. Term expires March 2011.

Secretary - Marsha Sauerman

Marsha moved to Texas in 1962 and, with her husband Al, purchased property in Horseshoe Bay in 1994 and built a home in 1998. She was manager for Pollock Demolition and Paving Company for 15 years, during which time she attended St. Mary’s University for courses in architecture and interior design. Marsha spent five years as General Manager for Hayward, Jordan & McGowan Architects, following which she worked 15 years as a Customer Service Representative for the Internal Revenue Service. She retired from the IRS in 2006 as a trainer, instructor and manager. Term expires March 2012.

Treasurer - Steve Jordan

Steve was a Dallas resident for 50 years following graduation from SMU. He and his wife Peggy moved to Horseshoe Bay in March 2007. Steve spent his first 30+ in banking where he served as: President of First City Bank in Dallas; Executive Director of Merrill Lynch Private Capital; President of Capital Bank of Dallas; and following his banking career, he entered Executive Search as a search consultant with Ray & Berndtson (acquired by AT Kearney) where he spent 12 years. Steve is an active member of the Church at Horseshoe Bay and serves as breakfast committee chairman for the Men of Faith. Term expires March 2012.

Director - Warren Newman

Warren received a BA in Economics from Wesleyan University in Middletown, CT. He served two years in the U.S. Army. Warren joined The Northern Trust Company in Chicago in 1965 and was a vice-president in the Municipal Bond Dept. specializing in municipal bond underwriting countrywide. In 1977 he joined Woolsey & Co. in Oklahoma City as a principal of the firm. Warren became a Texan in 1981 by joining Republic Bank in Dallas. He and his wife Ruth moved to Horseshoe Bay in 1994. Warren is treasurer of the Hill Country Men's Golf Association and a board member of the Highlands POA. He is a part-time property manager and enjoys golfing with friends. Term expires March 2011.

Director - Wayne Ratisseau

Wayne was raised in Lubbock and attended Texas Tech University from 1955-1060. He served on the Brownfield TX Hospital District Board of Directors, serving two years as president. Wayne assisted in establishing a Texas Tech alumni association for the Highland Lakes area and was president of that organization for five years. He served two years as president of the Hill Country Men's Golf Association and continues to serve on that board. He and his wife Ann have lived in Horseshoe Bay more than ten years and are members of The Church at Horseshoe Bay.

Director - Bobbie Walker

Bobbie attended Baylor University as an undergraduate and has a BA in English and Spanish and a Masters Degree in Education, all from the University of Houston. She also has a Ph.D in Administration of Higher Education from UT-Austin. After she and her husband Owen moved to Horseshoe Bay, she served as the founding administrator of the Texas Tech Highland Lakes teaching center in Marble Falls. She has been active in the community for many years, serving in the Rotary Club of Marble Falls; the MFISD Career Technology Advisory Board; the Hill Country Higher Education Advisory Board; the Marble Falls/Highland Lakes Chamber of Commerce Board of Directors; the Boys & Girls Club of the Highland Lakes Advisory Board; and she is the higher education coordinator for the Marble Falls Economic Development Board.

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	President - Tom Schmersahl Tom received his BS from Southeast Missouri State following a stint in the U.S. Army including a 13-month combat tour in Vietnam. He later received his MBA from The Olin School of Business at Washington University in St. Louis MO. Tom worked in the telecommunications industry for Contel, later purchased by GTE and through merger for Verizon. Over twenty years of his career were spent as a registered lobbyist in Indiana, Missouri, Texas and Illinois. In 2003 he retired as Director of Government Affairs in Illinois for Verizon. Following a few years of contract lobbying, Tom and his wife Jackie retired to Horseshoe Bay in 2006. Term expires March 2011.

	Vice President - David Pope David received his BBA from the University of Texas in 1962 and has been a Texas CPA since 1964. He and his wife Nelda have been residents of Horseshoe Bay since 2002. David was with Ernst & Young from 1962 until 2002, serving in Houston where he was Office Managing Partner from 1977-1983. He spent 1983-1986 as Managing Partner Southeast Asia (SEA) and Member of International Management Council residing in Singapore. In 1987 and 1988 he was Managing Partner SEA and Hong Kong office and Member of International Management Council residing in Hong Kong. David next served as Senior Audit Partner in Chicago from 1989 until 2002. He is a founding director and deacon of The Bible Church of the Lakes, as well as director and treasurer of the Friendship Cemetery Association. David enjoys travel and golf. Term expires March 2011.

	Secretary - Marsha Sauerman Marsha moved to Texas in 1962 and, with her husband Al, purchased property in Horseshoe Bay in 1994 and built a home in 1998. She was manager for Pollock Demolition and Paving Company for 15 years, during which time she attended St. Mary’s University for courses in architecture and interior design. Marsha spent five years as General Manager for Hayward, Jordan & McGowan Architects, following which she worked 15 years as a Customer Service Representative for the Internal Revenue Service. She retired from the IRS in 2006 as a trainer, instructor and manager. Term expires March 2012.

	Treasurer - Steve Jordan Steve was a Dallas resident for 50 years following graduation from SMU. He and his wife Peggy moved to Horseshoe Bay in March 2007. Steve spent his first 30+ in banking where he served as: President of First City Bank in Dallas; Executive Director of Merrill Lynch Private Capital; President of Capital Bank of Dallas; and following his banking career, he entered Executive Search as a search consultant with Ray & Berndtson (acquired by AT Kearney) where he spent 12 years. Steve is an active member of the Church at Horseshoe Bay and serves as breakfast committee chairman for the Men of Faith. Term expires March 2012.

	Director - Warren Newman Warren received a BA in Economics from Wesleyan University in Middletown, CT. He served two years in the U.S. Army. Warren joined The Northern Trust Company in Chicago in 1965 and was a vice-president in the Municipal Bond Dept. specializing in municipal bond underwriting countrywide. In 1977 he joined Woolsey & Co. in Oklahoma City as a principal of the firm. Warren became a Texan in 1981 by joining Republic Bank in Dallas. He and his wife Ruth moved to Horseshoe Bay in 1994. Warren is treasurer of the Hill Country Men's Golf Association and a board member of the Highlands POA. He is a part-time property manager and enjoys golfing with friends. Term expires March 2011.

	Director - Wayne Ratisseau Wayne was raised in Lubbock and attended Texas Tech University from 1955-1060. He served on the Brownfield TX Hospital District Board of Directors, serving two years as president. Wayne assisted in establishing a Texas Tech alumni association for the Highland Lakes area and was president of that organization for five years. He served two years as president of the Hill Country Men's Golf Association and continues to serve on that board. He and his wife Ann have lived in Horseshoe Bay more than ten years and are members of The Church at Horseshoe Bay.

	Director - Bobbie Walker Bobbie attended Baylor University as an undergraduate and has a BA in English and Spanish and a Masters Degree in Education, all from the University of Houston. She also has a Ph.D in Administration of Higher Education from UT-Austin. After she and her husband Owen moved to Horseshoe Bay, she served as the founding administrator of the Texas Tech Highland Lakes teaching center in Marble Falls. She has been active in the community for many years, serving in the Rotary Club of Marble Falls; the MFISD Career Technology Advisory Board; the Hill Country Higher Education Advisory Board; the Marble Falls/Highland Lakes Chamber of Commerce Board of Directors; the Boys & Girls Club of the Highland Lakes Advisory Board; and she is the higher education coordinator for the Marble Falls Economic Development Board.