MANAGEMENT UPDATE

                                                  MANAGEMENT UPDATE
                                                          AUGUST 13, 2009
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JAV Multiservice, completed the updating of the Beauty Salon on July 22^nd. The project consisted of replacing the old equipment and furniture, extending a wall to separate the Salon from the Fitness Center entrance, as well as installing tile flooring and new wiring. The total cost of the project was $22,756.14. The additional cost of the project was due to bringing the Beauty Salon up to code for the electrical wiring and other issues, which was discovered after the existing walls and cabinets were removed.

Last month, TEM Systems Inc., completed repairs to damages from lightning to the gate at the bridge, the gate at the Cabana and at the Military Trail Gate. Replacement of the damaged electronic equipment and other related repairs totaled $5,689.18.
Relating to this problem, TEM Systems installed additional surge protection in the equipment, and management has been investigating installation of lightning rods to further protect the electronic equipment in the guardhouses at both entrances.

In July, it was discovered that the outside wall of the women’s outdoor shower was rotted out and was coming apart from the roof and building. After consulting with S.P.M. Inc., the decision has been make to rebuild the wall with the same material as originally constructed, with an estimated cost of $3,000.00.

Al Hoffer’s Pest Protection Services were in the community on July 22^nd and 23^rd to complete Fertilization of the property as per our annual contract with them.

Crown Seamless Gutters installed gutters and downspouts on the west side of the Fitness Center Building and small roof over the breezeway on Tuesday, July 25th. The installation of the gutters will divert the rainwater away from the entrances to the Beauty Salon and Fitness Center , which have been prone to flooding during heavy thundershowers. The cost of the project was $960.

A couple of problems with refrigeration equipment resulted in replacing the refrigerator in the Café’s storage area and replacing the compressor on the freezer in the Catering Kitchen. The P.O.A. purchased a Traulsen Refrigerator from Anchor Restaurant Supply at a cost of $2,678.48 and had Atlantic Refrigeration replace the compressor on the freezer at a cost of $1,072.30.

Don Brady of R.V.Johnson Insurance Agency was here last Tuesday to discuss the renewal of our property insurance policy with American Coastal Insurance Company. The new policy totaled $344,988.00, with the P.O.A.’s portion totaling $26,971. The total property insurance cost was reduced by almost $55,000.00 less than last year’s policy.

Creative Etchings of the Palm Beaches were here on Monday, August 6^th, to etch the doors to the Beauty Salon and Fitness Center for a cost of $300.00.

Sometime last weekend, the tree on the Banyan Springs sign at the entrance was stolen. We are currently getting prices to replace the missing tree.

Yesterday, our maintenance staff completed constructing the sidewalk and concrete pad as a part of the new Picnic Area. Florida Public Utilities will be delivering the new grills on August 18^th and we will call Boucher’s Gas Service to come and install them on the pad. In addition, we have ordered and are awaiting delivery of the picnic tables and umbrellas, which should be in by the end of the month.

Tennis Courts 1, 6 and 7 are scheduled to be resurfaced this year and Papico Construction has provided the proposal for the project, which will be presented to the Board later in this meeting. The courts will be resurfaced the week of September 14^th and will take a week to complete.

Gold Coast Surfaces, Inc. is scheduled to clean, repair and seal all cracks on the pool deck in September. The work will take approximately two days or so to complete and will necessitate closing the pool area. No firm date is set for the project, but as soon as it is confirmed, we will post signs around the Clubhouse and also a notice on Channel 63

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manger