BANYAN SPRINGS PROPERTY OWNERS ASSOCIATION

There was a correction cited by Barry Prince on page 2 in the next to last paragraph, last sentence where it was stated that “voting would be in the Center”, whereas it should read “voting would be in the Banyan Room”.

Larry Granet made a motion to accept the Minutes of the December 15^th, 2010 Organizational Meeting as corrected. Seconded by Feige Brody and passed unanimously.

Treasurer’s Report – Joel Brusso

Copy attached.

There was a balance as of January 19, 2011 of $291,086.25.

Current reserves are $348,291.49

Operating account to date is $184,101.43

Bob Dow made a motion to accept the Treasurer’s Report as read. Seconded by Tony Scorsese and passed unanimously.

Management/President’s Update – Rick Leach

Copy attached.

Highlights:

Since the beginning of the year, we have received $5,316.00 from insurance claims on two unrelated incidents.

On Tuesday, February 8, 2011, Don Brady of R.V. Johnson Insurance Agency met with members of the Condominium Boards to discuss insurance policies for 2011. An insurance appraisal update will be performed by Jolicoeur Appraisal, Inc., which could possibly lower insurance premiums in some cases.

On February 3, 2011, additional lighting in the center to highlight the “Bird Tree” sculpture was completed. Total cost for the entire project was $5,000.00.

The Annual Tree Trimming Project will begin shortly. If you have an issue with a tree or stump removal, please fill out a work order so that it may be addressed prior to the beginning of the project.

The office will be closed on Monday, February 21, 2011 in observance of Presidents Day. If you have guests visiting and wish an access fob for them to use to enter the community or the common facilities, you may rent one for a $50.00 deposit payable by check only.

Barry Prince thanked the Candidates who ran for the last P.O.A. election and commented that it was the best Candidate turnout to date and hoped that they would consider running again in the future. He also read a few comments from a letter submitted by Miriam Plonsky in which she expressed thanks for the opportunity to have served on the P.O.A. Board. Barry expressed his appreciation for her contributions and noted that she would be missed.

Barry Prince also gave an update on the Spa renovations and advised that final drawings have come in and that the bids have gone out. He was hopeful of awarding the contract after Review by the Board. Hopefully work will commence by the beginning of July and be completed by the beginning of September.

Old Business – Read by Rick Leach

December 30, 2010 – Rick Leach spoke of the two (2) bids received for the illuminating of the sculpture in the Center and recommended the contract offered by Air-Ref Electric for $4,900.00

Harry Sassower made a motion to accept the bid from Air-Ref for a sum not to exceed $5,000.00 and passed unanimously.

February 3, 2011 – Larry Granet made a motion regarding the video taping of Board meetings. Florida Statue, 720.203 (1), states that any parcel owner may tape record or video tape meetings of the Board. The Board may adopt reasonable rules of the Board and the Membership. To address this issue, Mr. Granet made a motion that the Board adopts rules regarding video taping meetings in order to avoid distractions or disruption of the meetings. The motion was made that “all taping and or recording of P.O.A. meetings be done from the rear of the room”

Joel Brusso asked that the motion be amended, requesting that the word “video” be added to the recording. This amendment was accepted and seconded. The motion was adopted.

New Business

None

Committee Reports:

Pool Committee – Mel Teitzman

Mel reminded the members that next week there would be an influx of visitors for Presidents week and requested volunteers to act as Pool Monitors. A schedule will be posted in the clubhouse for those who wish to participate.

Welcoming Committee – Tam Ginsberg

Tam advised the members that this year the Welcoming Committee will welcome new owners and, for the first time, renters to Banyan Springs and its facilities, in the hopes that renters might someday become new owners. She requested current owners, who see new people milling around, give them her name and phone number or obtain their phone number and she will contact them to show them around and to advise them of the rules and regulations of Banyan Springs.

Landscaping Committee - Dave Lefton

Dave reminded us that landscaping is not an exact science. He appraised the membership of the problems incurred during this past summer, especially a variety bugs and disease that attacked palm trees, hedges and grass. One of these diseases, “instant death”, caused us to lose eight (8) palm trees. Winter brought the cold and the drought, which has caused the grass not to green and has affected many of our trees and shrubs. The recent cold spell played havoc with the flowers and shrubs, so our maintenance crew covered them with plastic and we were fortunate to lose less than five (5) percent of our flowers and only a few shrubs. Dave also mentioned that the spring tree trimming is just around the corner.

The floor was then opened for questions. There were several issues discussed and a lively dialogue followed. Amongst the issues discussed were the following:

· Proper top attire in the Spa area

· Comcast problems

· Several people expressed their displeasure with the type of music being played at the poolside.

· The printing status of the Banyan Telephone Directory.

Larry Granet made a motion to adjourn the meeting at 8:20 P.M. Seconded by Paul Whitney and passed unanimously.

Respectfully submitted,

Tony Scorsese

Secretary