MANAGEMENT UPDATE THURSDAY

                                             MANAGEMENT UPDATE
                                        THURSDAY, FEBRUARY 3, 2011
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In early January, the POA finally received a check for an insurance claim for an incident that occurred on June 28, 2010, which damaged an electrical box and the fence across from Ashley Lakes Apartments. The check for $1,256 covers the damages that were repaired over the summer. We are currently waiting on another check from the insurance company of a resident that did extensive damage to the fence and ficus hedges along Cedar Point Blvd behind Terrace Homes #I Condominium on December 31, 2010. Damages totaled $4,060 and we fully anticipate receiving full reimbursement for this incident.

Atlantic Refrigeration installed a new air handler for the Spa Area, where the Japanese Hot Tubs, Sauna and Steam Room are located on Wednesday, January 12, 2011 at a cost of $3,763.

The contractor for the installation of the water line for Boynton Beach Utilities, Felix & Associates, is finishing up work on the water pipe line project for the City of Boynton Beach . After the construction is complete, the City of Boynton Beach will restore the area that the City paid $20,000 to Banyan Springs for the Easement during the project.

Al Hoffer’s Pest Protection Services was in the community in Mid-January to fertilize the lawns and shrubs throughout Banyan Springs, as part of the Association’s Contract of services.

On Monday, January 17^th, Rapid Rooter took a video of a drainage pipe at 10156 Mangrove Drive and discovered that a large section of the main drainage pipe was broken in a couple of sections with roots impeding the flow of waste water. Since the problem is located on common property, Rapid Rooter was contracted to excavate, remove the roots and replace 3 sections of drainage pipe. The entire cost of the project totaled $6,790.55 and was completed on Tuesday, January 18^th.

Fineline Electric Inc., was here last week to run new wiring for electrical outlets in the Banyan Room to solve the problem of the coffee makers tripping the breakers during events in that room. The outlets that are normally used for this purpose are now isolated, which should solve the problem and the cost of the improvement totaled $1,011.78

The Banyan Springs Social Club has made a $700 Donation to the POA for purchase of ice buckets to be used by the various clubs for functions at the Center. The Board thanks the Social Club for their generosity.

Executive members of the POA Board met with Don Brady of R.V. Johnson Insurance Agency on Monday, January 31^st, to go over the new insurance policies for 2011 for the POA. We anticipate the POA insurance policies to come in within the Budget for 2011. On Tuesday February 8^th Don Brady will be meeting with Condominium Board Members to go over Property Insurance for the each Association in the Banyan Room at 2:00 P.M.

Air Ref Electric, was here yesterday to install the lighting that was approved by the Board at the December 30^th Workshop Meeting for highlighting the “Bird Tree” sculpture in the Center. The entire project including wiring, fixtures and installation totaled $4,900.00 and will be completed today.

Our staff is currently working on cosmetic improvements to the men’s restroom in the Cabana Clubhouse. The staff will be working on the women’s restroom next week and hope to have everything completed by the end of next week.

A number of our residents have experienced problems entering the community at either of the resident gates, which means that your bar code sticker needs to be replaced with a new one. You can stop by the office during business hours and we will remove the old sticker and put a new one on your vehicle.

This month’s POA General Meeting is scheduled for Wednesday, February 16, 2011 at 7:30 P.M., in the Center. All residents are invited to attend.

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manager