BOARD OF GOVERNORS REGULAR MEETING
MINUTES
Thursday, February 9, 2006 - 7:30 P.M.
T.P.C. Clubhouse

President Ira Josephson called the meeting to order at 7:30 p.m. Those directors present were, Ira Josephson, Marty Friedman, Nancy Frank, Harvey Morrow, Mickey Berk, Mark Mills, and Ted Scatcherd.

Absent: None

Management: Lou Brawer

Attorney: Steve Weinberg Esq.

Accountant: Carol Eskew (Goldman, Juda, Martin, and Eskew)

Mr. Josephson opened the meeting by thanking everyone for attending. He reminded everyone that this is the last meeting for this Board and that next month will be the Annual Meeting and the election. He went on to say that this Board has gone through a lot:
Two hurricanes
The re starting of a community newsletter thanks to Ted Scatcherd
An updating of our web site
A review of all vendors and a change in landscapers

He thanked everyone for working so hard for the good of the community.

APPROVAL OF THE MINUTES

Mr. Josephson asked that a MOTION be made to accept the Minutes from the Regular meeting held on January 19, 2006 and the Special Meeting held on February 2, 2006.
A MOTION was made by Mrs. Frank and seconded by Mr. Mills to approve the Minutes of this meeting. THE MOTION PASSED 7 YES and 0 NO.

FINANCIAL REPORT

Mrs. Eskew presented the Board with an end of the year financial summary. She said that the community was having a very good year up till the hurricane. Hurricane expenses through December 31, 2005 were $261,000 and it was necessary to borrow $200,000 from Reserves to pay these bills. The community for the year was $143,406 over budget which includes the hurricane expenses. Taking these out the community should have been under budget by around $120,000.

The Reserves currently stand at $781,241.

Mrs. Eskew went on to report that 25 units will be turned over to the attorney for 1st quarter past due maintenance. There were also several residents that paid the wrong amount and special letters will be going out to them.

Mr. Josephson stressed to the Board that the money borrowed from Reserves must be replaced as soon as possible. Mr. Weinberg stated that state law does not require the money be replaced since we are an HOA and not a condo. The Board understood this but wants to make sure that we are fully funded to prepare for any future emergencies.

LEGAL REPORT

He reported that there are 9 collection matters:
6 units have paid their bill in full
1 unit is in bankruptcy
1 unit is in bank foreclosure
1 unit still has a pending lien

Mr. Weinberg reported that he has opened up communications with the attorney for Ventian Isles.

Finally, Mr. Weinberg reported that he is working with Mr. Brawer on one resident that has violated parking and ARC regulations.

PROPERTY MANAGERS REPORT

Mr. Brawer presented his report, which was also presented to each Board member in written form. A copy of Mr. Brawer's report is attached to these Minutes and will be placed on the web site for residents to review. Some of the key points that Mr. Brawer reported on included:

1.) We have not received any new information on our insurance claim. The claim is in processing and we should be hearing soon.
2.) Inspections will be done shortly and will be concentrated on architectural and landscaping problems.
3.) Potter Lawn and Landscaping is preparing areas around the community for new sod. This will be installed starting next Tuesday.
4.) The curb repairs approved at the last meeting have been completed.
5.) Tree trimming is moving forward and should be completed within the next two or three weeks.
6.) The new street signs approved at the last meeting are in production and should be installed within six weeks.
7.) The first four tennis courts are up and open. The remaining three will be available for play early next week. There have only been a few minor problems since the Tennis Center reopened last week.
8.) There have been many irrigation problems but the staff has been able to repair all of them.

Finally, Mr. Brawer announced that several Board members had conflicts with the date of the Annual Meeting and asked that it be changed to March 28, 2006. Since there were no objections that date was changed and will be announced when the election materials go out to the residents.

ARC COMMITTEE REPORT

Mr. Brawer presented the Board with the report of the ARC Committee. Mr. Josephson asked for a MOTION to approve the recommendations as submitted.

A MOTION was made by Mr. Friedman and seconded by Mrs. Frank that the ARC Committee Report be approved as submitted. MOTION PASSED 7 YES and 0 NO.

NOMINATING COMMITTEE REPORT

Mr. Friedman reported that the Nominating Committee met and interviewed Renee Waltz who volunteered to run for the Board. He reported that she would be very qualified and has great experience.

Mr. Friedman went on to announce that all the current Board members agreed to stand for reelection.

Mr. Friedman closed his report by thanking the members of his committee:
Richard Rosenblum
Harvey Morrow
Al Nigro

He reminded the Board that their last act will be to appoint the Nominating Committee for the 2008 election. This will be done just before the Annual Meeting.

WIRELESS COMMUNICATIONS

Mr. Mills reported that he has ordered two cameras to test at the Tennis Center. These should be installed next Thursday.

Once the cameras are up and running Mr. Brawer will notify the Board so that they can come by the North Gate to view the feed.

NEW BUSINESS & AUDIENCE COMMENTS

Mr. Scatcherd brought up the need for the community to plant annuals. He said that the money is already in the budget and that without the flowers the community looks dark and gray.

Mr. Josephson warned the Board that just because the money is in the budget does not mean it should be spent and that there are other projects that will need to be considered.

After some discussion it was decided to go forward and install flowers at the gates and along Eagle Trace Blvd.

Mr. Friedman again talked about the speeding problem near Steeplechase. He recommended that the Board purchase a portable speed bump that can be tried in several locations before a final decision is made.

A MOTION was made by Mr. Friedman and seconded by Mrs. Frank to authorize Mr. Brawer to spend up to $500 on a portable speed bump and signs. MOTION PASSED 7 YES and 0 NO.
Mr. Josephson opened the floor up for any residents that would like to ask questions on topics other than tennis.

A resident questioned the condition of the cul-de-sac on NW 18th Manor. Mr. Brawer said that this is one of the cul-de-sacs that was never renovated and does need work. He will get a proposal from Potter and will present it to the Board.

ADJOURNMENT

The meeting was adjourned at 8:05pm. And the floor was open for our Candidate Night. Ms. Waltz made an opening statement and fielded questions from the floor.

The Candidates Night ended at 8:30pm.

Respectfully submitted,

Louis Brawer
Property Manager